1517 Lovell AVE Arcadia , CA 91007
Active
$1,888,000
3 Units
5 Beds
3 Baths
2,134 Area(sq.ft.)
18,216 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 979 | $ 979 | $ 2,500 |
| Unit 2 | 1 | 1 | 1 | No | $ 870 | $ 870 | $ 2,000 |
| Unit 3 | 1 | 2 | 1 | No | $ 1,577 | $ 1,577 | $ 2,500 |
| 3 | 3 | 5 | 3 | $ 3,426 | $ 3,426 | $ 7,000 |
| MLS #: | AR24174250MR |
| Days On Market: | 35 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 885 |
| Price per unit: | $ 629,333 |
| Year Built: | 1953 |
Property Details
There are so many options with this property. 1) Live in one of the units and rent the rest of the units out to support your mortgage. 2) Add value to the property by renovating the current units and achieving market rents. 3) Develop the property by building a new home, ADU and junior ADU. All potential buyers to verify with the City of Arcadia planning department to determine what can be built.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 12,000 |
| Net Operating Income: | $ 29,112 |
Structure
| Community Features: | Curbs |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | ARR1YY |
| Land Lease Type: | Fee |
Interior
| Laundry: | Gas Dryer Hookup, Washer Hookup |
Exterior
| Pool: | No |
Detailed Map
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Income
