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(818) 953-5300

$649,946 2527 Manhattan Avenue, Montrose, CA 91020

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BOM! Sold with multiple bids! Run, don't walk! Fix and Save!!! Deferred Maintenance and Low Rents!!! Family owned since 1976!! Great 3 house property with copper plumbing! Front house owner's unit with 2 bedrooms, 1 bathroom, front yard, hardwood floors, kitchen with dining area, laundry room, and covered patio is rented for $1,550. Second house with 1 bedroom, 1 bathroom, and kitchen with dining area is rented for $1,135. Third house with 1 bedroom, 1 bathroom, guest room, 1-car garage, and huge yard is rented for $925. Rents are extremely low. 2 tenants since 1997 & 1 tenant since 2001! Wow! Only 10.86 x projected rents!!!

  • Exterior Features

    Common Walls

    • Detached/No Common Walls

    Garage Spaces Total

    • 1.00

    Lot Description

    • Curbs
    • Back Yard
    • Front Yard
    • Street Paved

    Open Other Spaces Total

    • 4

    Parking Spaces Total

    • 1

    Pool Descriptions

    • No Pool
  • Interior Features

    Levels

    • One Level

    Unit Furnished01

    • Unfurnished

    Unit Furnished02

    • Unfurnished

    Unit Furnished03

    • Unfurnished

    Unit Number Of Bath01

    • 1.00

    Unit Number Of Bath02

    • 1.00

    Unit Number Of Bath03

    • 1.00

    Unit Number Of Bed01

    • 2

    Unit Number Of Bed02

    • 1

    Unit Number Of Bed03

    • 1
  • Property Features

    Cap Rate

    • 6.10

    Country

    • United States Of America

    Cross Streets

    • Ocean View / Honolulu

    Expense Electric

    • 0.00

    Expense Gardener

    • 2125.00

    Expense Gas

    • 0.00

    Expense Insurance

    • 1461.00

    Expense Maintenance

    • 6818.00

    Expense Operating

    • 20180.00

    Expense Total Annual

    • 20180.00

    Expense Trash

    • 527.00

    Expense Water

    • 812.00

    Gross Rent Multiplier

    • 10.86

    Gross Scheduled Income

    • 59820.00

    Hoa YN

    • N

    Listing Terms

    • Cash To New Loan

    Lot Size Source

    • Public Records

    Monthly Gross Income

    • 4985.00

    Net Operating Income

    • 39640.00

    Number Electric Meters

    • 3

    Number Gas Meters

    • 3

    Number Of Buildings

    • 4

    Number Water Meters

    • 1

    Professional Management

    • 0.00

    Sewer

    • Unknown (N)

    Source MLS

    • California Regional MLS (CRMLS)

    Special Conditions

    • Standard Sale

    Unit Monthly Rent01

    • 1550.00

    Unit Monthly Rent02

    • 1135.00

    Unit Monthly Rent03

    • 925.00

    Unit Projected Total Monthly Rent01

    • 1795.00

    Unit Projected Total Monthly Rent02

    • 1395.00

    Unit Projected Total Monthly Rent03

    • 1795.00

    Unit Total Monthly Rent01

    • 1550.00

    Unit Total Monthly Rent02

    • 1135.00

    Unit Total Monthly Rent03

    • 925.00

    Unit Type01

    • 1

    Unit Type02

    • 1

    Unit Type03

    • 1

    Units Total In Complex

    • 3

    Water

    • Public
    • Water District
Listing provided courtesy of Bradley Korb DRE#00698730 of Re/Max In Action.

Price History
DATE DAYS AGO EVENT NEW PRICE
Mar 19, 2013 68 days ago Price Reduced: -$25,630 (-3.79%) $649,946
Feb 5, 2013 110 days ago New on market $675,576

Ask an Expert :: 2527 Manhattan Avenue

Brad Korb

Brad Korb



The Brad Korb Team
3813 W. Magnolia Blvd.
Burbank, CA 91505


Office:
(818) 953-5300


Let me know how I can assist you with your Southern California Real Estate needs. I am here to help! View my Profile / Listings



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