BACK ON THE MARKET AND WITH IM POROVED PRICING AFTER BUYERS DID NOT PERFORM.
Elegant Quadplex in Prime Los Angeles Locale with Pride of Ownership
Property Overview:
Introducing a distinguished quadplex, a testament to pride of ownership, strategically located in the sought-after region of Los Angeles. Constructed in 1948, this property stands as a beacon of timeless architecture paired with modern conveniences. Each of the four units boasts 2 well-appointed bedrooms and a full bathroom, ensuring comfort and privacy for residents.
The interiors, meticulously maintained, are adorned with a harmonious blend of carpet and hardwood flooring, exuding warmth and sophistication. Essential appliances, including stainless steel stackable washer/dryer, stove, and refrigerator, are thoughtfully integrated in all units, reflecting the attention to detail in every facet of this property.
Recent Upgrades & Features:
The property has been completely electrically rewired.
A recent roofing job ensures durability and protection.
The entire building has been repiped with Pex.
Each unit is equipped with an individual water shutoff valve, allowing for ease of maintenance without disturbing the tenants.
For added security, surveillance cameras have been installed throughout the property.
Rental Income & Lease Details:
Apt. #6957: $2,175.00/month
Apt #6957 ½: $2,150.00/month
Apt #6959: $2,120.00/month
Apt #6959 ½: $2,195.00/month
Total Monthly Income: $8,640.00
All tenants have signed a "Shared Water Bill" lease, ensuring the water bill is equitably divided amongst the four units and the landlord.
Investment Insight:
Currently, the property yields a monthly revenue of approximately $8,640. Notably, the rent has remained stable since before the onset of the COVID-19 pandemic, presenting a lucrative opportunity for potential appreciation in the future.
One of the standout features of this property is its impeccable maintenance. New owners can enjoy the luxury of a turnkey investment, with no immediate maintenance required—simply care for the tenants and reap the rewards.
Seize this unparalleled opportunity to invest in a piece of Los Angeles's real estate legacy, where every detail has been attended to with care and precision.
Sold for $1,600,000 on 04/01/24
Listing Provided by:
Yan Minkovitch DRE #01496475 323-864-7001,
Progressive Real Estate Solutions
Bought with: Melvianne Andersen
$1,600,000
6957 Kittyhawk Ave, Los Angeles, CA 90045
8beds
3,853sqft
Quadruplex
Built in 1948
-- sqft lot
$1,598,400 Zestimate®
$415/sqft
$3,590 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: April 02, 2024 at 11:51am
Listing Provided by:
Yan Minkovitch DRE #01496475 323-864-7001,
Progressive Real Estate Solutions
Bought with:
Melvianne Andersen, DRE #01721467
Melvianne Andersen
Source: CRMLS,MLS#: SR23181106
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 2
- Main level bedrooms: 4
Heating
- Floor Furnace, Wall Furnace
Cooling
- None
Appliances
- Included: Convection Oven, Gas Oven, Water Heater, Dryer, Washer
- Laundry: Inside, Upper Level
Features
- See Remarks
- Flooring: Carpet, Laminate, Wood
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total interior livable area: 3,853 sqft
Property
Parking
- Total spaces: 5
- Parking features: Garage
- Garage spaces: 5
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Patio & porch: Open, Patio
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: None
Lot
- Size: 6,875 sqft
- Features: 2-5 Units/Acre
Details
- Parcel number: 4103010017
- Zoning: LAR3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Mid-Century Modern
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Drywall, Concrete, Stucco
- Foundation: Slab
- Roof: Asphalt
Condition
- Turnkey
- New construction: No
- Year built: 1948
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, See Remarks, Water Connected
Community & neighborhood
Community
- Community features: Urban
Location
- Region: Los Angeles
Other
Other facts
- Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,FHA 203(b),FHA 203(k),FHA,Freddie Mac,Government Loan,VA Loan
- Road surface type: Paved
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Estimated market value
$1,598,400