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    4939 Malta Street

    Highland Park, CA 90042
    • $1,399,000
    • STATUS: Active
    • ON SITE: 105 days
    • ID#: WS21127889
    UPDATED: 214 min ago
    $1,399,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1927
    County:

    School Ratings & Info

    Description

    Hugh price reduction! Four detached Spanish Styles houses in one lot. Each unit has 2 parking spaces by their units. Front 2 units are 2-bedroom 1 bath. Back units are 1 bedroom 1 bath with a den. Carport space is rented separately at $30 each. Carport's roof was installed in 2015. Other buildings' roof were installed in 2013. Individual Gas and Electrical Meters. Most tenants have been living there for more than 13 years. Copper plumbing pipes and most electrical wires were installed in most areas except unit #4939.5. Newer windows for unit#4939.5. Lots of upside rent potential. Property is subject to rent control. Centrally located. Close to Fwy 101, 110, 5 and 2. Close to Downtown L.A., South Pasadena, Mt. Washington, etc... High demand rental area. Great potential for investors or developers. Lots of newer homes are built or under construction in nearby area. Owners will not evict any tenants and will deliver the property in its "as-is" conditions with tenants. Property needs updates and fix up. Rush before it is too late! Buyer to co-operate with seller for the 1031 tax deferred Exchange at no cost to buyer. Seller is ready to sell! Submit your best price and see you in escrow!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-27T00:25:16.58. 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 Brandon Hobbs Group | Compass. Licensed in the State of California, USA.
    www.searchwithcompass.com/homes/118197170
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    4939 Malta Street Highland Park, CA 90042

    • Price: $1,399,000
    • Status: Active
    • Updated: 214 min ago
    • ID#: WS21127889
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    1927
    Built
    Neighborhood:
    632 - Highland Park
    County:
    Los Angeles
    Area:
    632 - Highland Park
    Property Description
    Hugh price reduction! Four detached Spanish Styles houses in one lot. Each unit has 2 parking spaces by their units. Front 2 units are 2-bedroom 1 bath. Back units are 1 bedroom 1 bath with a den. Carport space is rented separately at $30 each. Carport's roof was installed in 2015. Other buildings' roof were installed in 2013. Individual Gas and Electrical Meters. Most tenants have been living there for more than 13 years. Copper plumbing pipes and most electrical wires were installed in most areas except unit #4939.5. Newer windows for unit#4939.5. Lots of upside rent potential. Property is subject to rent control. Centrally located. Close to Fwy 101, 110, 5 and 2. Close to Downtown L.A., South Pasadena, Mt. Washington, etc... High demand rental area. Great potential for investors or developers. Lots of newer homes are built or under construction in nearby area. Owners will not evict any tenants and will deliver the property in its "as-is" conditions with tenants. Property needs updates and fix up. Rush before it is too late! Buyer to co-operate with seller for the 1031 tax deferred Exchange at no cost to buyer. Seller is ready to sell! Submit your best price and see you in escrow!
    Exterior Features

    Carport Spaces 4 Carport YN Yes Construction Materials Unknown Entry Location Ground Level With Steps Fencing Partial Foundation Details Raised Lot Features Street Level Number Of Separate Electric Meters 4 Open Parking Spaces 4 Parking Features Assigned Parking Total 8 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No View None View YN No

    Interior Features

    Accessibility Features Parking Appliances Gas RangeGas Water Heater Common Walls No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Suburban Contingency Drive By Only. Tenants Are Not Aware Of The Sale. Please Do Not Disturb Tenants There. Drive By Only And Submit Offer Subject To interior inspection. Buyer To Co-Operate With Seller's 1031 Deferred Tax Exchange Current Financing Conventional Disclosures Rent Control Electric Electricity - On Property Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 4359 Gross Scheduled Income 51588 Insurance Expense 2200 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 ExchangeFha Maintenance Expense 2000 Net Operating Income 35028 New Construction YN No New Taxes Expense 18750 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 15012 Possession Close Of Escrow Property Condition Turnkey Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 4299 Trash Expense 0 Utilities Electricity AvailableNatural Gas AvailablePhone AvailableSewer ConnectedWater Connected Vacancy Allowance 1548 Vacancy Allowance Rate 0 Water Sewer Expense 6000 Water Source Public

    Listing provided courtesy of Talia Lai of Pinnacle Real Estate Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-27T00:25:16.58. 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 Brandon Hobbs Group | Compass. Licensed in the State of California, USA.
     
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