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    1322 Valencia Street

    Los Angeles (City), CA 90015
    • $950,000
    • STATUS: Active Under Contract
    • ON SITE: 37 days
    • ID#: PW21009605
    Under Contract
    UPDATED: 52 min ago
    $950,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,491
      SQFT
    • $381
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1905
    County:

    School Ratings & Info

    Description

    See this great investment opportunity in downtown Los Angeles! This triplex features a 2-bedroom, 2-bathroom upstairs unit, a 2-bedroom, 2-bathroom downstairs unit, and a studio unit in the back with washer and dryer hookups for both upstairs and downstairs units. The seller has maintained this historic home well, and has completed several recent upgrades, including new plumbing throughout, new electrical throughout, new water heater in the upstairs unit, a new roof, a newly painted exterior, new heaters throughout, and a recently remodeled back unit with new bathroom floor and toilet. There is potential to put an additional rental unit in the back with the existing structure adjacent to the garage. This property is walking distance to the Los Angeles Convention Center and the STAPLES Center.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-02-26T19:31:25.03. 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 The Bhagat Group. Licensed in the State of California, USA.

    www.propertycove.com/homes/113394879
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    1322 Valencia Street Los Angeles (City), CA 90015

    • Price: $950,000
    • Status: Active Under Contract
    • Updated: 52 min ago
    • ID#: PW21009605
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,491
    SQFT
    $381
    $/SQFT
    1905
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    See this great investment opportunity in downtown Los Angeles! This triplex features a 2-bedroom, 2-bathroom upstairs unit, a 2-bedroom, 2-bathroom downstairs unit, and a studio unit in the back with washer and dryer hookups for both upstairs and downstairs units. The seller has maintained this historic home well, and has completed several recent upgrades, including new plumbing throughout, new electrical throughout, new water heater in the upstairs unit, a new roof, a newly painted exterior, new heaters throughout, and a recently remodeled back unit with new bathroom floor and toilet. There is potential to put an additional rental unit in the back with the existing structure adjacent to the garage. This property is walking distance to the Los Angeles Convention Center and the STAPLES Center.
    Exterior Features

    Fence YN Yes Fencing Wood Foundation Details Raised Garage Spaces 1.00 Lot Features Front YardLevel With StreetYard Lot Size Source Assessor Lot Size Units Square Feet Other Structures OutbuildingStorage Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Maintained Roof Composition Spa Features None Spa YN No View City LightsNeighborhood View YN Yes

    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 Cooling None Cooling YN No Fireplace Features Family Room Fireplace YN Yes Flooring Laminate Heating Wall Furnace Heating YN Yes Interior Features BalconyCopper Plumbing FullLiving Room Balcony Laundry Features Individual RoomInside Levels Two Room Type EntryFamily RoomKitchenLaundryLiving RoomMaster BedroomWalk-In Closet

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Street LightsUrban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 353.00 Gardener Expense 720.00 Gross Income 4358.00 Gross Scheduled Income 52296.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 47911.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Operating Expense 4385.00 Pest Control Expense 1068.00 Property Sub Type Triplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other The Greenwell Tract Total Expenses 4385.00 Trash Expense 0.00 Water Sewer Expense 2244.00 Water Source Public Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Todd Anderson of IMPACT Properties, Inc and Aaron Zapata of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-02-26T19:31:25.03. 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 The Bhagat Group. Licensed in the State of California, USA.

     
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    The Bhagat Group
    22939 Hawthorne Blvd, Suite 203
    Torrance CA, 90505