Seller's Agent in 2018
Lea Cruzado
L.A. Realty Services
(818) 933-1204
6 Total Sales
720 Milwaukee Ave Los Angeles, CA 90042
10
Beds
9
Baths
4,240
Sq Ft
1922
Built
Highlights
- Property is near public transit
- No HOA
- Laundry Room
- Corner Lot
- Cooling System Mounted To A Wall/Window
- Tile Flooring
About This Home
As of August 2018Great opportunity to own a 5 unit residential apartment located in highly desirable Highland Park area. Building 1 (#720) is a 2-bedroom, 1-bath, single story built in 1922; Building 2 (# 722-728) has four (4) 2-bedrooms, 1.5-baths townhouse style units that was built in 1964. Each unit is furnished with washer/dryer hookups and separately metered for gas and electric. It is a walking distance to groceries, restaurants, shops and café along York Boulevard, and a short drive to the Metro Gold Line Station, Downtown L.A., Pasadena, Glendale and Eagle Rock. This property appeals to an investor and/or an owner-user looking to occupy one unit and rent out the other four units. Southern California apartment rents are expected to get even pricier over the next two years, as demand increases. In L.A. County, average rents in 2018 are forecast to hit $2,304, up 3% from previous year. In 2019, rents are expected to climb another 3% to $2,373. This is an opportune time for investors. Bring your investor-buyers. All tenants are currently on a month-to-month term. Please DO NOT disturb tenants - Drive by Only.
Last Agent to Sell the Property
L.A. Realty Services License #01793397 Listed on: 05/31/2018
Co-Listed By
Corazon Baldovino
L.A. Realty Services License #01740637
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1922
Lot Details
- 5,605 Sq Ft Lot
- Two or More Common Walls
- Wood Fence
- Chain Link Fence
- Corner Lot
Home Design
- 4,240 Sq Ft Home
- Split Level Home
- Apartment
- Shingle Roof
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 10 Bedrooms
- 9 Bathrooms
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Home Security
- Window Bars
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
- Parking Available
- Off-Street Parking
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Natural Gas Connected
- Sewer Paid
Additional Features
- Exterior Lighting
- Property is near public transit
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Legal Lot and Block 10 / 9
- Tax Tract Number 832
- Assessor Parcel Number 5484009010
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 5 Units
Building Details
- 5 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $4,117
- Maintenance Expense $2,616
- Other Expense $1,442
- Pest Control $360
- Professional Management Expense $4,200
- Trash Expense $2,204
- Water Sewer Expense $1,959
- New Taxes Expense $16,686
- Operating Expense $33,784
- Gross Income $105,600
- Net Operating Income $68,648
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/14/2018 08/14/18 | Sold | $1,200,000 | -11.1% | $283 / Sq Ft |
| 07/10/2018 07/10/18 | Pending | -- | -- | -- |
| 07/02/2018 07/02/18 | Price Changed | $1,350,000 | -3.6% | $318 / Sq Ft |
| 05/31/2018 05/31/18 | For Sale | $1,400,000 | -- | $330 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Lea Cruzado
-
C
Seller Co-Listing Agent in 2018
Corazon Baldovino
L.A. Realty Services
-
Nick Astrupgaard
Buyer's Agent in 2018
Nick Astrupgaard
KW Commercial Studio City
(818) 432-1580
23 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV18130714
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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