5869 Dauphin Avenue
Los Angeles, CA, 90034 $ 1,599,000
Bedrooms9 Baths6.0 Sq 3,244 Monthly Estimate*
$ 11,169
Listed by Century 21 Masters
for $1,599,000 with 9 bedrooms and 6 full baths. This 3,244 square foot home was built in 1965 on a lot size of 0.0919.
Legal 4-plex close to Culver City, West Adams, Cumulus District, Hayden Tract and the soon-to-open Habitat development. Gross Scheduled Income: $105,664. Annual Expenses: $27,766. Net Operating Income: $77,899. GRM: 15.13. Cap Rate: 4.87%. Front unit is a townhouse style 3BD/2BA with other attractive unit mix of 3BD/2BA, 2BD/1BA, and 1BD/1BA. Two units have been remodeled. This property has been well maintained throughout the years with regular maintenance and several updates. Seller invested over $40,000 in improvements. Two units have been fully remodeled with new interior paint & new floors throughout, HVAC, updated plumbing, new full kitchen with appliances, new bathrooms and more. On-site laundry available for extra income. Low expenses. Quiet location on a cul-de-sac. Strong rental location. This area is undergoing an enormous transformation with the construction of new apartment buildings and the opening of creative office space for many tech companies such as HBO, Amazon, Apple, and more. Walk to new restaurants and galleries on West Adams such as Tartine, Normandie Bakery, Farmhouse kitchen, Alta, Mizlala, Adams Wine Shop and Cento and Whole Foods. Bike to trendy Culver City downtown, Boneyard Dog Park, Farmers Market, the LA Fitness and Equinox Gym. Easy commute to DTLA, Beverly Hills, Santa Monica and LAX. Seller paid $1,600,000 in 2022 and is selling due to change in life circumstances. Seller has assumable loan at 5.375%, balance $1.17m, and maturity date 05/2052 (Buyer to download form under Docs section). This is an excellent opportunity to acquire an investment property with strong income and future upside in rents and the neighborhood. A great starter property to launch your income portfolio. SELLER MOTIVATED-ALL OFFERS WILL BE ENTERTAINED!
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FeaturesGeneralSewer SewerTapPaid
Heating WallFurnace
Appliances Disposal Microwave Refrigerator
Zoning LARD1.5
Architectural Style Traditional
Pool Features None
Year Built 1965
View None
Levels MultiSplit
Gross Income 105664.0
County Los Angeles
Net Operating Income 77899.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Facing Direction West
Garage Y/N N
Special Listing Conditions Standard
Status Pending
Directions Washington Blvd. to Dauphin Ave.
City Los Angeles
View Y/N N
Senior Community Y/N N
Total Units 4
MLS Area C16 - Mid Los Angeles
Lot Size Square Feet 4004.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Dauphin
Spa Features None
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Virtual Tour https://855reelpix.com/5869-Dauphin-Ave/idx
Days on Market 37
Standard Status Pending
Year Built Source Assessor
Cap Rate 4.87
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InteriorFlooring Carpet
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Avenue
Laundry Features CommonArea
Total Bedrooms 9
Electric On Property Y/N N
Total Baths 6
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ExteriorParking Features Assigned Driveway
Water Source Public
Total Parking 4.0
Lot Size Area 4004.0
Number of Buildings 1
Spa N
Building Area Total 3244.0
Lot Size Acres 0.0919
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $11,169
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,999,871
Percent of Sale Price 25%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
3/14/2024 | $1,599,000 | | Listed Price |