2615 Somerset Drive Los Angeles, CA ^$ 1,299,000

2615 Somerset Drive

^$ 1,299,000

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Recently Listed

2615 Somerset Drive

Los Angeles, CA, 90016

^$ 1,299,000

Bedrooms4 Baths4.0 Sq 2,083

Monthly Estimate*

^$ 9,074

Listed by Keller Williams Downtown LA

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2615 Somerset Drive, Los Angeles, CA 90016 - Image 9

2615 Somerset Drive, Los Angeles, CA 90016 - Image 10

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2615 Somerset Drive, Los Angeles, CA 90016 - Image 13

Multi-Family Home for sale in Los Angeles, CA

for $1,299,000 with 4 bedrooms and 4 full baths. This 2,083 square foot home was built in 1927 on a lot size of 0.1443.

Somerset Bungalows is a well maintained 4 plex located in trendy West Adams. There are two 2 unit detached buildings. Each unit is 1 bed 1 bath. Total rents is $7432/mo or $89,184/year. In the front building, unit 1 rent is $1872/mo, unit 2 is $1760/mo. In the back building, unit 3 rent is $1900/mo, unit 4 is $1900/mo. Unit 4 has given notice to vacate and will be vacant by mid May. Proforma rents indicate $2050/mo for each unit or $98,400/year. The garage is prime for an ADU conversion with easy access from the alley. Buyer to confirm. Yard has been zero-scaped for low water usage. Owner only pays for water, gardener, and sewer. Laundry on site. Owner has made many improvements.

Multi-Family Active

Price

^$ 1,299,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1443

Year Built

1927

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24379993

Days on Market

Features

General

Heating WallFurnace

Cooling None

Appliances Microwave Refrigerator

Zoning LARD1.5

Garage Spaces 2.0

Year Built 1927

Tenant Pays Gas TrashCollection

Stories 1

Levels One

Gross Income 89184.0

County Los Angeles

Net Operating Income 73611.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N Y

Special Listing Conditions Standard

Status ActiveUnderContract

Directions West Adams Blvd

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 6285.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Somerset

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 N

Days on Market 14

Standard Status ActiveUnderContract

Exterior

Parking Features DoorMulti Garage

Total Parking 2.0

Lot Size Area 6285.0

Number of Buildings 2

Spa N

Building Area Total 2083.0

Lot Size Acres 0.1443

Lot Size Units SquareFeet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

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 Drive

Total Bedrooms 4

Electric On Property Y/N N

Total Baths 4

Internal Only

Street Number 1 2615

* Excluded Features

List By

Keller Williams Downtown La

Broker

(626) 242-8197

Phone

Affordability Calculator

$9,074

Per Month

Monthly Principal & Interest: $9,074
Monthly Property Taxes: --
Monthly Home Insurance: --

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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

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,993,562

Percent of Sale Price 53%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

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Pricing History

Date	Price	Price Change	Description
4/15/2024	$1,299,000		Listed Price

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2615 Somerset Drive, Los Angeles, CA, 90016 is a Multi-Family Home for sale at $1,299,000 with 2,083 sqft and a lot size of 0.1443. 2615 Somerset Drive has 4 bedrooms, 4.0 baths, and was built in 1927. The property's zip code is 90016 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/6/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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2615 Somerset Drive

Multi-Family Home for sale in Los Angeles, CA

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