1215 Neola Street

    Eagle Rock, CA 90041
    • $1,499,900
    • STATUS: Active
    • ON SITE: 82 days
    • ID#: PW19172324
    Price Reduced
    UPDATED: 67 min ago
    $1,499,900
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,618
      SQFT
    • $415
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1912
    County:

    School Ratings & Info

    Description

    Rare Eagle Rock Triplex with potential flex space for a forth unit. The main building is legally a 6 bedroom 4 bathroom unit. The unit has been divided into two 3 bedroom 2 bathroom units. The downstairs unit is currently occupied and is under rent control. The upstairs 3 bedroom 2 bathroom unit is currently vacant. The building in the rear of the property features two 1 bedroom 1 bathroom units. One of the units is occupied by a tenant who is under rent control and the other unit is vacant. The tenants pay for all their own utilities with the exception of water, sewer and landscaping. This property provides tremendous upside potential in an excellent Eagle Rock neighborhood by leasing the two vacant spaces and increasing current rents.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-13T15:32:40.657. 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 Douglas Elliman of California, Inc.. Licensed in the State of California, USA.
    www.danaeaballi.com/homes/97155191

    1215 Neola Street Eagle Rock, CA 90041

    • Price: $1,499,900
    • Status: Active
    • Updated: 67 min ago
    • ID#: PW19172324
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,618
    SQFT
    $415
    $/SQFT
    1912
    Built
    Neighborhood:
    618 - Eagle Rock
    County:
    Los Angeles
    Area:
    618 - Eagle Rock
    Property Description
    Rare Eagle Rock Triplex with potential flex space for a forth unit. The main building is legally a 6 bedroom 4 bathroom unit. The unit has been divided into two 3 bedroom 2 bathroom units. The downstairs unit is currently occupied and is under rent control. The upstairs 3 bedroom 2 bathroom unit is currently vacant. The building in the rear of the property features two 1 bedroom 1 bathroom units. One of the units is occupied by a tenant who is under rent control and the other unit is vacant. The tenants pay for all their own utilities with the exception of water, sewer and landscaping. This property provides tremendous upside potential in an excellent Eagle Rock neighborhood by leasing the two vacant spaces and increasing current rents.
    Exterior Features

    Garage Spaces 0.00 Lot Features 0-1 Unit/AcreNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet Parking Total 5.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features See Remarks

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.60 Community Features SidewalksStorm DrainsStreet LightsUrban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 2000.00 Gross Income 115428.00 Gross Scheduled Income 115428.00 Insurance Expense 2500.00 Land Lease YN No Laundry YN Yes Maintenance Expense 5800.00 Net Operating Income 86123.00 New Construction YN No New Taxes Expense 17000.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 3 Operating Expense 29300.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 29300.00 Trash Expense 0.00 Water Sewer Expense 2000.00 Water Source Public Year Built Source Assessor Zoning Lar1

    Listing provided courtesy of Matthew Hopkins of Citivest Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-13T15:32:40.657. 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 Douglas Elliman of California, Inc.. Licensed in the State of California, USA.
     
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