4155 Somerset Drive

Los Angeles, California 90008
For Sale $1,360,000
  • 0.18 acre lot
  • Built 1952
  • Multi-Residential Building
  • MLS# 16171204
  • Status Active

More Property Info for 4155 Somerset Drive

We are pleased to present this excellent cash flow opportunity in the Baldwin Hills community of Los Angeles. This eight unit property has a balanced unit mix of four 2 bedroom units and four 1 bedrooms. The complex is situated directly across from the new Kaiser near Marlton and Santa Rosalia. It is also adjacent to the new developments taking place at the Baldwin Hills Mall. With a GRM of 12.6 and a 5.20 CAP rate, this is a fantastic opportunity. Tenants in the area enjoy access to Kenneth Hahn Park, the Stocker Corridor Trails and the Norman Houston Park. Building has been upgraded with new electrical panels and energy efficient windows. This deal will provide a nice 4.78% cash flow from day one with plenty of upside in the rents. Information is from sources deemed reliable but are not guaranteed by the seller or listing broker. PLEASE DO NOT DISTURB TENANTS.

Property Highlights

  • Los Angeles County
  • Lot: 0.18 acres
  • Built 1952
  • Geo Coordinates: 34.010, -118.343
  • ZIP: 90008
  • Days On Homeswing: 55
  • Cooling: None
  • County Or Parish: Los Angeles
  • Directions: Near Marlton and Santa Rosalia
  • Lot Size Acres: 0.18
  • MLS Area Major: PHHT - Park Hills Heights
  • Number Of Buildings: 1
  • Number Of Units Total: 8
  • Parcel Number: 5032016001
  • Parking Features: Other
  • Stories Total: 2
  • Year Built: 1952
  • Zoning: LAR3

Community Information for 4155 Somerset Drive

Schools near 4155 Somerset Drive

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Monthly Payment for 4155 Somerset Drive

This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Loan Type: 30 year fixed at 4.00%
Price: $1,360,000
Down Payment: - $272,000 (20%)
Loan Amount: = $1,088,000
Principal & Interest: +
Property Taxes: + (1.5%)
Homeowner's Insurance: +
Mortgage Insurance - PMI: +
Total Payment: =
20%
Down Payment
4.00%
Rate

Listing Provided by

Jerome McAlpin, McAlpin & Company

Listing Disclaimer

Based on information from California Regional Multiple Listing Service, Inc. as of 12/6/2016 6:52:40 AM. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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License: 01760623
Home Smart Advantage Realty
License: 02005754
Rapisarda Real Estate
License: 01915989
Heritage Sotheby's International Realty

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