1403 Hooper Avenue, Los Angeles, CA 90021$975,000

1
bed
2
baths
1417
ft2
· 2329
ft2 lot
$688 / ft2

Listing provided courtesy of Americo Peralta, John B Spear Real Estate
Source CRMLS;
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Opportunity to live in one unit and have the restaurant pay a large portion of your mortgage or just collect rents from both. Property consists of a restaurant and a single residential unit. Restaurant currently pays $3000/ month and the residential unit proforma rents would be $2000/month. This unit pencils out to a 6.15% cap based on these numbers. The residential unit shows as a 1 bed 1 bath unit. Current occupant has it configured as a 2 bed 1 bath space. The restaurant is occupied by an Italian restaurant called Il Bambino which has a strong following and great reviews, click on the link (https://g.page/ilbambinola?share). Restaurant owner has expressed interest in renewing lease at the end of his lease term. residential unit has fully fenced and gated driveway that provides secure parking. Property requires very little if any repairs. It shows true pride of ownership.

HOA

$—/month

On market

10 months

Year built

1915

Property type

Multi-Family

Parking

MLS

DW21032635

Price / Sq.Ft.

$688 / ft2

Status

Active

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Home details for 1403 Hooper Avenue

Interior Features & Layout
Appliances
•   
Laundry Details: Inside
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Interior Size
•   
Building Area Total: 1417.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 0.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: LAM2
•   
Year Built Source: Public Records
Lot Info
•   
Lot Features: 0-1 Unit/Acre
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.0535
•   
Lot Size Area: 2329.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 2
Property Features
•   
Common Walls: 1 Common Wall
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 1
•   
Number Of Separate Gas Meters: 1
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 0.00
•   
Fuel Expense: 0.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 9750.00
•   
Insurance Expense: 1200.00
•   
Professional Management Expense: 0.00
•   
Total Expenses: 10950.00
•   
Gross Scheduled Income: 60000.00
•   
Tax Block: A
•   
Operating Expense: 0.00
Tax/Assessment Info
•   
Gross Income: 60000.00
Lease Info
•   
Net Operating Income: 60000.00
Listing Info
•   
Status: Active
Other
•   
Electric Expense: 0.00
Multi Unit Information
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 2
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 3000.00
•   
Unit 1 Total Rent: 3000.00
Multi Unit Information
•   
# Of Units: 1
School Neighborhood & Directions
Location
•   
Community Features: Curbs, Sidewalks, Storm Drains, Street Lights
School Info
•   
Directions: 10 fwy Exit off Alameda

Neighborhood snapshot

4
Properties for sale
13
Median days on market
$735.29
Median sold price/sqft
101.49%
Sold/List %
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Property History for 1403 Hooper Avenue

02/16/2021
02/16/2021
CRMLS #DW21032635
active
CRMLS #DW21032635
$975,000

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