Jacki Lowe and Tim Comstock

Selling California One Yard At A Time

3529 FERNCROFT Road, Los Angeles, CA, 90039

$949,999

3529 FERNCROFT Road, Los Angeles, CA, 90039

Courtesy of: Erik Serrao 02070554 | EXp Realty Of California, Inc.

Information

Purchase Type: Sale

MLS ID: P1-1509

Price: $949,999

Days On Market: 157

Year Build: 1948

Lot size: 0.06

Details

Status: Pending

Property Type: Residential Income

New Construction: No

Heating: Electric

Fireplaces Features: None

Swimming Pool: No

Address: 3529 FERNCROFT Road

Country: US

County: Los Angeles

City: Los Angeles

Neighborhood: Not Applicable

Zip: 90039

State: California

Pool Features: None

Description

NOW BACK ON THE MARKET - $50K PRICE REDUCTION!Great multi-unit investment opportunity - sure to move quickly. 3529 Ferncroft Road is a newly-remodeled duplex in Atwater Village that provides an ideal house hacking opportunity, or it could generate a potential 5% cap rate for a pure investor. The complex consists of an upstairs unit and downstairs master unit that are both 2-bed/1-baths and approximately 550sqft. The upstairs unit has been recently rented at max market rate ($2,550), and downstairs master unit will be delivered vacant (projected rent for this unit is about $2,800). Downstairs unit is connected to a large yard with spacious storage sheds and on-site laundry with a new Samsung washer/drier set. The current owner has expertly updated the exterior with new balconies and the kitchens with fresh countertops, large basin sinks, and new refrigerators. The property contains a driveway, and ample street parking exists throughout the neighborhood. The central LA location is just minutes from Echo Park and Silver Lake and just a 10-minute drive from the Griffith Observatory and Dodger Stadium. Located right off the 5 freeway in a pleasant neighborhood with a Walk Score of 74, this property is an ideal investment. Buyer to verify all information.

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$949,999

3529 FERNCROFT Road, Los Angeles, CA, 90039

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