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    3529 Ferncroft Road

    Los Angeles (City), CA 90039
    • $949,999
    • STATUS: Active
    • ON SITE: 227 days
    • ID#: P1-1509
    UPDATED: 42 min ago
    $949,999
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    NOW BACK ON THE MARKET after buyer non-performance - $50K PRICE REDUCTION!Great multi-unit investment opportunity - sure to move quickly. 3529 Ferncroft Road is a newly-remodeled duplex in Atwater Village that provides an ideal house hacking opportunity, or it could generate a potential 5% cap rate for a pure investor. HUGE YARD with potential for an ADU addition or other expansion. The complex consists of an upstairs unit and downstairs master unit that are both 2-bed/1-baths and approximately 550sqft. The upstairs unit has been recently rented at max market rate ($2,550), and downstairs master unit will be delivered vacant (projected rent for this unit is about $2,800). Spacious storage sheds in the yard can be taken down to fully realize the property's potential. On-site laundry with a new Samsung washer/drier set. The current owner has expertly updated the exterior with new balconies and the kitchens with fresh countertops, large basin sinks, and new refrigerators. The property contains a driveway, and ample street parking exists throughout the neighborhood. The central LA location is just minutes from Echo Park and Silver Lake and just a 10-minute drive from the Griffith Observatory and Dodger Stadium. Located right off the 5 freeway in a pleasant neighborhood with a Walk Score of 74, this property is an ideal investment. Buyer to verify all information.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-14T18:37:53.58. 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 The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.
    www.thealvaradobrothers.com/homes/110473776
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    3529 Ferncroft Road Los Angeles (City), CA 90039

    • Price: $949,999
    • Status: Active
    • Updated: 42 min ago
    • ID#: P1-1509
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    1948
    Built
    Neighborhood:
    Not Applicable
    County:
    Los Angeles
    Property Description
    NOW BACK ON THE MARKET after buyer non-performance - $50K PRICE REDUCTION!Great multi-unit investment opportunity - sure to move quickly. 3529 Ferncroft Road is a newly-remodeled duplex in Atwater Village that provides an ideal house hacking opportunity, or it could generate a potential 5% cap rate for a pure investor. HUGE YARD with potential for an ADU addition or other expansion. The complex consists of an upstairs unit and downstairs master unit that are both 2-bed/1-baths and approximately 550sqft. The upstairs unit has been recently rented at max market rate ($2,550), and downstairs master unit will be delivered vacant (projected rent for this unit is about $2,800). Spacious storage sheds in the yard can be taken down to fully realize the property's potential. On-site laundry with a new Samsung washer/drier set. The current owner has expertly updated the exterior with new balconies and the kitchens with fresh countertops, large basin sinks, and new refrigerators. The property contains a driveway, and ample street parking exists throughout the neighborhood. The central LA location is just minutes from Echo Park and Silver Lake and just a 10-minute drive from the Griffith Observatory and Dodger Stadium. Located right off the 5 freeway in a pleasant neighborhood with a Walk Score of 74, this property is an ideal investment. Buyer to verify all information.
    Exterior Features

    Fencing None Lot Features Sprinklers None Number Of Separate Electric Meters 0 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No View None View YN No

    Interior Features

    Appliances FreezerGas RangeRefrigeratorDryerWasher Common Walls No Common Walls Cooling Electric Cooling YN Yes Fireplace Features None Fireplace YN No Heating Electric Heating YN Yes

    Property Features

    Community Features Suburban Disclosures Rent Control Fuel Expense 0 Garage YN No Gross Income 64200 Gross Scheduled Income 64200 Insurance Expense 0 Land Lease YN No Laundry Features Outside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional1031 Exchange Net Operating Income 48600 New Taxes Expense 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Operating Expense 15600 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Zoning Lar1

    Listing provided courtesy of Erik Serrao of Exp Realty Of California, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-14T18:37:53.58. 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 The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.
     
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