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826 W Colden Avenue, Los Angeles, CA 90044$1,949,000

6
beds
3
baths
5616
ft2
· 10410
ft2 lot
$347 / ft2

Listing provided courtesy of Jordan Peikin, Clement Partners Real Estate
Source CRMLS;
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826 W Colden Ave is a non-rent controlled 6-unit property located in the rapidly developing area of South Los Angeles. The property consists of four 2+1's and two 4+2 units. All six units have been tastefully renovated, including stainless steel appliances and reimagined kitchens and bathrooms. Additionally, the property is fully parked and is individually metered for gas and electricity. There is also on-site laundry with owned machines for extra income. Most importantly, all tenants receive Section 8 assistance providing the Landlord with complete rental collection security. 826 W Colden Ave is central to major employment, freeways, and points of interest alike. Most errands can be accomplished by foot or with a short car ride. Moreover, the property lies a mere 2.9 miles from the brand new SoFi Stadium Development, 4.5 miles from the LA Memorial Coliseum and University of Southern California campus, and 6.1 miles from LA International Airport. Tenants with young children will enjoy walking them across the street to Ninety-Fifth Street Elementary and the 3 minute drive to Algin Sutton Recreation Center. This is an excellent opportunity to acquire an investment property with steady and reliable cash flow without the hassle of LA City Rent Control restrictions.

HOA

$—/month

On market

3 months

Year built

1950

Property type

Multi-Family

Parking

MLS

21760562

Price / Sq.Ft.

$347 / ft2

Status

Active Under Contract

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Home details for 826 W Colden Avenue

Interior Features & Layout
Appliances
•   
Laundry Details: Individual Room, Community
•   
Appliances: Disposal, Refrigerator
•   
Has Appliances
•   
Laundry: 1
Interior Size
•   
Building Area Total: 5616.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Uncovered, Oversized, Gated, Private
Building Info
•   
Zoning: LAR2
•   
Stories Total: 2
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 6
Lot Info
•   
Lot Size Acres: 0.2300
•   
Lot Size Area: 10410.0000
•   
Lot Size Units: Square Feet
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 145736.00
•   
Vacancy Allowance Rate: 0.00
•   
Total Expenses: 39700.00
•   
Gross Multiplier: 13.10
Tax/Assessment Info
•   
Gross Income: 148800.00
•   
Tax Year: 2020
•   
Taxes: 16753.04
Lease Info
•   
Net Operating Income: 106036.00
Listing Info
•   
Status: Active Under Contract
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 1825.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 4
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 7300.00
Unit 1 Information
•   
Unit 1 Bedrooms: 4
•   
Unit 1 Total Units: 2
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 2550.00
•   
Unit 1 Total Rent: 5100.00
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
School Info
•   
Directions: North of Century Blvd, South of Manchester Ave, East of Vermont Ave, West of Figueroa St.
Other
Calculation
•   
Dom: 88
•   
Cdom: 88

Neighborhood snapshot

Flyhomes
California
Los Angeles County
Los Angeles
South Central
96
Properties for sale
14
Median days on market
$428.88
Median sold price/sqft
101.32%
Sold/List %
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Property History for 826 W Colden Avenue

07/15/2021
07/15/2021
CRMLS #21760562
active
CRMLS #21760562
$1,949,000
+59.10%
08/16/2018
08/16/2018
Public Record
sold
Public Record
$1,225,000
+391.97%
06/02/2006
06/02/2006
Public Record
sold
Public Record
$249,000
+42.29%
02/02/2000
02/02/2000
Public Record
sold
Public Record
$175,000
+13.16%
12/29/1999
12/29/1999
Public Record
sold
Public Record
$154,649
+24.72%
See more property history

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