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Atwater Village, CA 90039,3529 Ferncroft RD
Atwater Village, CA 90039,3529 Ferncroft RD
Atwater Village, CA 90039,3529 Ferncroft RD
$913,000
Est. payment /mo
$925,000
1.3%
Est.Price: ?

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2,787 Sqft Lot
SOLD DATE : 02/25/2022

Key Details

Sold Price $913,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID DW22002760

Year Built 1948

Lot Size 2,787 Sqft

Property Description

CASH COW!!! $66,000 Gross Rents, ($52,104 NOI) and 5.63 CAP in Atwater Village!! HIGH RENTAL DEMAND AREA!! Newly remodeled units (top and bottom) with that beautiful farmhouse motif. Yard is big enough for a potential ADU addition. Each unit is 2 beds and 1 bath (approx 550 sq ft each) with an open floor plan (Title shows 1 Bed+1 Bath each). Upstairs tenant has been there for years and is current on rent ($2,550). Lower unit was being used by owner and will be delivered vacant upon purchase (can be rented for up to $3,000/mo). Upstairs has an exclusive patio and lower unit has its own dedicated patio. This property is minutes from the local eateries and shopping of Silver Lake, DTLA, Glendale and Glassel Park. Hikers, we are also minutes from Griffith Park: Area Walk score is 80 VERY Walkable. Convenient washer & dryer located near the downstairs patio and storage located in the back of the property. Great ROI as a rental.

Location

State CA

County Los Angeles

Area 606 - Atwater

Zoning LAR1

Interior

Heating Electric

Cooling Electric

Laundry Washer Hookup, Electric Dryer Hookup, Laundry Room, Outside

Exterior

Pool None

Community Features Sidewalks

View Y/N Yes

View Neighborhood

Building

Lot Description Back Yard

Story Two

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash to New Loan, Conventional

Listing Terms Cash to New Loan, Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Mark Velasco • Sharpstone Realty, Inc.
Bought with Mark Velasco • Sharpstone Realty, Inc.
agent
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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