2705 Darwin Avenue Los Angeles, CA $ 1,350,000
2705 Darwin Avenue
$ 1,350,000
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2705 Darwin Avenue

Los Angeles, CA, 90031
$ 1,350,000
Bedrooms12 Baths7.0 Sq 4,555

Monthly Estimate*

$ 9,430

Listed by 1Vision Real Estate
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View a Virtual Tour

Multi-Family Home for sale in Los Angeles, CA

for $1,350,000 with 12 bedrooms and 7 full baths. This 4,555 square foot home was built in 1906 on a lot size of 0.1671.

Step into the heart of Lincoln Heights and discover an exceptional opportunity awaiting you. This remarkable property boasts three distinct buildings: a Single Family Residence, a Four-Plex, and an ADU, each contributing to its unique charm and versatility. The main residence features a spacious layout with 5 bedrooms and 2 bathrooms, while the Four-Plex comprises 3 units offering 1 bedrooms and 1 bathroom, alongside 1 additional units with 2 bedroom and 1 bathroom. The ADU comprises of 2 bedrooms and 1 bath. With such diverse accommodations, this property presents an enticing 4.25% cap rate, providing investors with an immediate avenue for cash flow. Benefiting from recent renovations, including upgraded windows, electrical enhancements with proper permits, plumbing improvements with new water heaters (all permitted), and refreshed water sewer lines, this property ensures both modern comfort and compliance. Additionally, it boasts separate gas/electric meters and 2 water meters for added convenience and efficiency. Perfectly located mere minutes away from USC Medical Campus, Keck Hospital, downtown LA, public transportation hubs, Dodger Stadium, and major freeways, this property offers unparalleled accessibility to key amenities and destinations. Don't miss out on this prime opportunity to acquire a property perfectly poised for both investment and lifestyle in a highly sought-after location. NOTE: Most of the units are being renovated and updated.

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Multi-Family Active

Price

$ 1,350,000

Bedrooms

12

Full Bath

7

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

0.1671

Year Built

1906

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

PW24058986

Days on Market

34

Features
General
Sewer PublicSewer
Zoning LARD2
Garage Spaces 0.0
Pool Features None
Year Built 1906
Tenant Pays Electricity Gas Insurance
Property SubType Apartment
Gross Income 0.0
Community Features StormDrains StreetLights Suburban Sidewalks
County Los Angeles
Net Operating Income 76680.0
Operating Expense 30000.0
Insurance Expense 4000.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions North of Main St
City Los Angeles
Entry Location front
View Y/N N
Senior Community Y/N N
Total Units 6
MLS Area 677 - Lincoln Hts
Lot Size Square Feet 7280.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Darwin
Listing Terms Submit
Spa Features None
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 0.0
Home Warranty Y/N N
Fuel Expense 0.0
Trash Expense 2400.0
Water Sewer Expense 7000.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Virtual Tour https://www.wellcomemat.com/mls/54fb0656b70f1ljh7 https://www.wellcomemat.com/video/54fb0656b70f1ljh7/PW24058986/
Days on Market 2
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 2
Property Sub Type Additional Apartment
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Exterior
Lot Features Item01UnitAcre
Water Source Private
Total Parking 0.0
Lot Size Area 7280.0
Number of Buildings 3
Spa N
Building Area Total 4555.0
Lot Size Acres 0.1671
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 2
Number of Separate Gas Meters 6
Number of Separate Electric Meters 6
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Avenue
Laundry Features WasherHookup ElectricDryerHookup GasDryerHookup Inside
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 2705
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* Excluded Features
List By
1Vision Real Estate

Broker

(714) 474-9105

Phone

Affordability Calculator

$9,430
Per Month
100%
0%
0%
Monthly Principal & Interest
$9,430
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.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/26/2024$1,350,000 Listed Price

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2705 Darwin Avenue, Los Angeles, CA, 90031 is a Multi-Family Home for sale at $1,350,000 with 4,555 sqft and a lot size of 0.1671. 2705 Darwin Avenue has 12 bedrooms, 7.0 baths, and was built in 1906. The property's zip code is 90031 which is in Los Angeles, CA