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5333 Hyde Street

Los Angeles (City), CA 90032
  • $1,800,000
  • STATUS: Active
  • ON SITE: 199 Days
  • ID#: RS22011609
UPDATED: 37 min ago
$1,800,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Listing Agent(s): Stephen Eng of Re/Max Of Cerritos (562-800-0228)


Description

Astounding and Updated Apartment Building in East Los Angeles - El Sereno! Conveniently located only minutes from Cal State Los Angeles and USC-Health Science Campus, this 6-unit apartment building includes five 2BR/1BA units and one 1BR/1BA unit. Approaching the building, you immediately notice the durable stucco exterior, balconies, and towering nearby palm trees. All units have openly flowing floorplans, spacious living rooms, tons of natural light, generously sized bedrooms, outdoor patio areas, and fully equipped kitchens with gas ranges, ample wood cabinetry, stainless-steel sinks, solid surface countertops, and refrigerators. Two of the units have been newly renovated and feature new appliances, fresh paint, new flooring, and updated fixtures. Both newly renovated units will be delivered vacant to the new buyer. Two units are currently occupied with month-to-month leases, while two other units are occupied with one-year leases. Ideally nestled in a highly desirable rental area and situated adjacent to Alhambra and South Pasadena, these units offer tenants close proximity to an array of amenities, including public transportation, restaurants, grocery stores, Costco, Target, I-10, I-710, banks, drug stores, and multiple parks! Tenants may enjoy gated parking and also have street parking available for use. Perfect for a savvy investor seeking positive cashflow, this 6-unit apartment building delivers a range of possibilities and potential exit strategies. Call now for your private showing!**Soft-Story Retrofitting has been completed**

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-08T00:25:59.26. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.
www.americanrealestatehomes.com/homes/124905479
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5333 Hyde Street Los Angeles (City), CA 90032

  • Price: $1,800,000
  • Status: Active
  • On Site: 199 Days
  • Updated: 37 min ago
  • ID#: RS22011609
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1964
Built
Neighborhood:
621 - El Sereno
County:
Los Angeles
Area:
621 - El Sereno
Property Description
Astounding and Updated Apartment Building in East Los Angeles - El Sereno! Conveniently located only minutes from Cal State Los Angeles and USC-Health Science Campus, this 6-unit apartment building includes five 2BR/1BA units and one 1BR/1BA unit. Approaching the building, you immediately notice the durable stucco exterior, balconies, and towering nearby palm trees. All units have openly flowing floorplans, spacious living rooms, tons of natural light, generously sized bedrooms, outdoor patio areas, and fully equipped kitchens with gas ranges, ample wood cabinetry, stainless-steel sinks, solid surface countertops, and refrigerators. Two of the units have been newly renovated and feature new appliances, fresh paint, new flooring, and updated fixtures. Both newly renovated units will be delivered vacant to the new buyer. Two units are currently occupied with month-to-month leases, while two other units are occupied with one-year leases. Ideally nestled in a highly desirable rental area and situated adjacent to Alhambra and South Pasadena, these units offer tenants close proximity to an array of amenities, including public transportation, restaurants, grocery stores, Costco, Target, I-10, I-710, banks, drug stores, and multiple parks! Tenants may enjoy gated parking and also have street parking available for use. Perfect for a savvy investor seeking positive cashflow, this 6-unit apartment building delivers a range of possibilities and potential exit strategies. Call now for your private showing!**Soft-Story Retrofitting has been completed**
Exterior Features

Carport Spaces 6 Carport YN Yes Lot Features Corner LotLawnRectangular LotStreet Level Number Of Separate Electric Meters 7 Parking Features CarportOff StreetOne Space Parking Total 6 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Cap Rate 5.9 Common Interest Community Apartment Community Features Street LightsSidewalks Electric Expense 1200 Fuel Expense 1200 Garage YN No Gross Income 137760 Gross Scheduled Income 141108 Insurance Expense 4000 Land Lease YN No Laundry Features Common AreaWasher HookupGas Dryer HookupStacked Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 Exchange Net Operating Income 106508 New Construction YN No New Taxes Expense 21600 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 34600 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 1800 Water Sewer Expense 3600 Water Source Public Zoning Lar1



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-08T00:25:59.26. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.
 
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American Real Estate List & Sell
6391 Magnolia Ave., B20
Riverside CA, 92505
Listing Agent(s): Stephen Eng of Re/Max Of Cerritos (562-800-0228)