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Listing Details

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School Ratings & Info

Description

826 W Colden Ave is a non-rent controlled 6-unit property located in the rapidly developing area of South Los Angeles. The property consists of four 2+1's and two 4+2 units. All six units have been tastefully renovated, including stainless steel appliances and reimagined kitchens and bathrooms. Additionally, the property is fully parked and is individually metered for gas and electricity. There is also on-site laundry with owned machines for extra income. Most importantly, all tenants receive Section 8 assistance providing the Landlord with complete rental collection security. 826 W Colden Ave is central to major employment, freeways, and points of interest alike. Most errands can be accomplished by foot or with a short car ride. Moreover, the property lies a mere 2.9 miles from the brand new SoFi Stadium Development, 4.5 miles from the LA Memorial Coliseum and University of Southern California campus, and 6.1 miles from LA International Airport. Tenants with young children will enjoy walking them across the street to Ninety-Fifth Street Elementary and the 3 minute drive to Algin Sutton Recreation Center. This is an excellent opportunity to acquire an investment property with steady and reliable cash flow without the hassle of LA City Rent Control restrictions.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T18:26:50.17. 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 deemed reliable but is not guaranteed accurate by the MLS or Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
www.findorangecountyhomelistings.com/homes/119381114
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826 W Colden Avenue Los Angeles (City), CA 90044

  • Price: $1,949,000
  • Status: Active
  • Updated: 35 min ago
  • ID#: 21760562
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1950
Built
Neighborhood:
C36 - Metropolitan Southwest
County:
Los Angeles
Area:
C36 - Metropolitan Southwest
Property Description
826 W Colden Ave is a non-rent controlled 6-unit property located in the rapidly developing area of South Los Angeles. The property consists of four 2+1's and two 4+2 units. All six units have been tastefully renovated, including stainless steel appliances and reimagined kitchens and bathrooms. Additionally, the property is fully parked and is individually metered for gas and electricity. There is also on-site laundry with owned machines for extra income. Most importantly, all tenants receive Section 8 assistance providing the Landlord with complete rental collection security. 826 W Colden Ave is central to major employment, freeways, and points of interest alike. Most errands can be accomplished by foot or with a short car ride. Moreover, the property lies a mere 2.9 miles from the brand new SoFi Stadium Development, 4.5 miles from the LA Memorial Coliseum and University of Southern California campus, and 6.1 miles from LA International Airport. Tenants with young children will enjoy walking them across the street to Ninety-Fifth Street Elementary and the 3 minute drive to Algin Sutton Recreation Center. This is an excellent opportunity to acquire an investment property with steady and reliable cash flow without the hassle of LA City Rent Control restrictions.
Exterior Features

Parking Features GatedOversizedPrivateUncovered

Interior Features

Appliances DisposalRefrigerator Cooling None Cooling YN No

Property Features

Gross Income 148800 Laundry Features Common AreaLaundry Room Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 106036 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lar2

Listing provided courtesy of Jordan Peikin of Clement Partners Real Estate and Nathan Richards of Nathan Richards


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T18:26:50.17. 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 deemed reliable but is not guaranteed accurate by the MLS or Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
 
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Latrice Deluna Homes | The Orion Group
4533 MacArthur Blvd Ste 5074
Newport Beach CA, 92660