3905 Woolwine Drive

Closed
  • $999,000
    • Sq Ft: 3,093
    • Lot Sq Ft: 0.106 acres

Introducing an amazing deal on a great fourplex in vibrant, unincorporated City Terrace, near the 10 and 710 freeways, Downtown LA, USC’s Keck Medical Center and Cal State LA, where students and staff make ready renters. TWO units will be delivered vacant, including the largest unit: the main house with 2 bedrooms, 1 bathroom, a dedicated laundry area and a bonus room (no closet) that can serve as a 3rd bedroom or home office — making this an ideal investment for savvy owner-occupant house hackers ready to try to their hand at property management while living on the premises. The other three units are all 1 bedroom + 1 bathroom apartments, two of which are occupied and will be delivered with their tenants. Built in 1948, this quad is spread between two buildings separated by a courtyard, each with its own separate gas, electric and water meters. Three off-street, secure parking spaces are also included, as are the existing appliances. Many upgrades have been made, including foundation reinforcement and newer kitchens and bathrooms in some of the units. At under $1 million — $250K per unit! — this is the best priced property in the area that any investor would be lucky to have in their portfolio.

Price:$999,000
Address:3905 Woolwine Drive
City:Los Angeles
State:California
Zip Code:90063
MLS:BB24227406
Year Built:1948
Square Feet:3,093
Acres:0.106
Lot Square Feet:0.106 acres
view:City Lights
sewer:Public Sewer
levels:Two
taxLot:98
viewYN:yes
country:US
laundryYN:yes
parkingYN:no
utilities:Sewer Available, Water Available
entryLevel:1
tenantPays:Electricity, Gas, Parking Fee
assessments:None
commonWalls:2+ Common Walls
fireplaceYN:no
landLeaseYN:no
lotFeatures:0-1 Unit/Acre
lotSizeArea:4617
waterSource:Public
daysOnMarket:4
lotSizeUnits:Square Feet
mlsAreaMajor:699 - Not Defined
parcelNumber:5228004036
poolFeatures:None
pricePerUnit:249750
storiesTotal:2
trashExpense:768
associationYN:no
entryLocation:street
lotSizeSource:Public Records
poolPrivateYN:no
rentControlYN:no
totalExpenses:6269
elevationUnits:Feet
taxTractNumber:6480
laundryFeatures:Stackable
parkingFeatures:None
yearBuiltSource:Public Records
insuranceExpense:2947
operatingExpense:6269
buildingAreaUnits:Square Feet
communityFeatures:Urban
fireplaceFeatures:None
lotSizeSquareFeet:4617
newConstructionYN:no
numberOfBuildings:2
seniorCommunityYN:no
waterSewerExpense:2554
netOperatingIncome:84331
numberOfUnitsTotal:4
propertyAttachedYN:yes
additionalParcelsYN:no
numberOfUnitsLeased:2
average1BedAreaUnits:Square Feet
average2BedAreaUnits:Square Feet
average3BedAreaUnits:Square Feet
grossScheduledIncome:90600
listAgentStateLicense:02018944
averageStudioAreaUnits:Square Feet
listOfficeStateLicense:01244300
specialListingConditions:Standard
numberOfSeparateGasMeters:4
numberOfSeparateWaterMeters:2
numberOfSeparateElectricMeters:4
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Listed by: MillaGoldenberg, DRE #02018944 from Judy Graff Properties 310-869-4021

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