1227 E 47th Place
Los Angeles, CA 90011
MLS #SR18008252

Income
  • 2units
  • 1,068sq ft
$379,000
Est. P&I payment: $1447.52/mo
1227 E 47th Place, Los Angeles, CA 90011
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Description for 1227 E 47th Place, Los Angeles, CA 90011
CAP RATE - 5.65 % with Current Rent amounts Adorable multi-family duplex featuring 2BD/1BA in front unit and 1BD/BA in second unit in a youthful neighborhood in Los Angeles! Located in a peaceful street, this property is 1,068 sqft and sits on a 2,884 sqft lot. The front unit has a cute porch to welcome you inside with tiled flooring throughout the unit. The cozy living room features recessed lightings, a large window, and arched openings to view into the kitchen. The bright kitchen features bright windows, breakfast bar, appliances, plenty of wood cabinetry for storage, and a dual stainless steel sink. Also W/D hookup is available. The spacious main bedroom has plush carpeting and bright windows. The converted second bedroom has tiled flooring, recessed lighting, and plenty of space for growing children or a guest. The wide bathroom has unique tiled walls and flooring with a bath and tub combo, storage space, and window to bring in plenty of natural light. A separate entrance opens up into the second unit which features a kitchen that includes a refrigerator, gas stove, wood cabinets, and dual stainless steel sink. The continued tile flooring leads you into the spacious bedroom with a large closet and a bright window. Bathroom features a stand in shower and plenty of storage space. There is gated parking available and also plenty of street parking in the area. This property is located around many parks, restaurants, bakeries, and coffee shops.
MLS #SR18008252
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My Notes for MLS #SR18008252

General Features

  • Number Of Buildings: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Year Built: 1940
  • Year Built Source: Assessor
  • Zoning: LAR2
  • Elevation Units: Feet

Exterior Features

  • Lot Features: 2-5 Units/Acre
  • Lot Size SqFt: 2,884
  • Lot Size Units: Square Feet
  • Pool Features: None
  • Common Walls: No Common Walls

Interior Features

  • Average 1Bed Area Units: Square Feet
  • Average 2Bed Area Units: Square Feet
  • Average 3Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet

Utility Features

  • Laundry YN: 1
  • Laundry Features: Area,​Washer Hookup
  • Water Source: Public
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Financial Features

  • CapRate: 5.31
  • Gross Scheduled Income: 28,608
  • Insurance Expense: 500
  • Net Operating Income: 21,171
  • Operating Expense: 7,437.5
  • Price Per SqFt: 354.87
  • Total Expenses: 7,438
  • Water Sewer Expense: 1,950
  • Tax Lot: 43
  • Gross Income: 28,608
  • Gross Operating Income: 28,608
  • New Taxes Expense: 4,988
  • Rent Control YN: 1
  • Total Actual Rent: 2,384

Community Features

  • Community Features: Sidewalks

Miscellaneous Features

  • Building Area Total: 1,068
  • Building Area Units: Square Feet
  • Days On Market: 50
  • Lot Size Source: Assessor
  • Special Listing Conditions: Standard
  • Cumulative Days On Market: 78
  • Tax Census Tract: 2,287.1

Location

 
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Directions to 1227 E 47th Place, Los Angeles, CA 90011
Cross Streets- South Hooper Avenue and East 47th Street
Listing information for 1227 E 47th Place, Los Angeles, CA 90011 was graciously provided by our friends at the listing brokerage, Keller Williams Encino-Sherman and by listing agent Delgado Eric DRE# 01831579 and Cordova Jhon DRE# 01817265

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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 04/20/2018 at 6:14pm
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