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    1403 Hooper Avenue

    Los Angeles (City), CA 90021
    • $975,000
    • STATUS: Active
    • ON SITE: 211 days
    • ID#: DW21032635
    $975,000
    • 0
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,417
      SQFT
    • $688
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1915
    County:

    School Ratings & Info

    Description

    Opportunity to live in one unit and have the restaurant pay a large portion of your mortgage or just collect rents from both. Property consists of a restaurant and a single residential unit. Restaurant currently pays $3000/ month and the residential unit proforma rents would be $2000/month. This unit pencils out to a 6.15% cap based on these numbers. The residential unit shows as a 1 bed 1 bath unit. Current occupant has it configured as a 2 bed 1 bath space. The restaurant is occupied by an Italian restaurant called Il Bambino which has a strong following and great reviews, click on the link (https://g.page/ilbambinola?share). Restaurant owner has expressed interest in renewing lease at the end of his lease term. residential unit has fully fenced and gated driveway that provides secure parking. Property requires very little if any repairs. It shows true pride of ownership.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T00:28:52.49. 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 deemed reliable but is not guaranteed accurate by the MLS or CENTURY 21 Jordan-Link & Co.. Licensed in the State of California, USA.
    www.century21jordanlink.com/homes/114288602
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    1403 Hooper Avenue Los Angeles (City), CA 90021

    • Price: $975,000
    • Status: Active
    • ID#: DW21032635
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    1,417
    SQFT
    $688
    $/SQFT
    1915
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    Opportunity to live in one unit and have the restaurant pay a large portion of your mortgage or just collect rents from both. Property consists of a restaurant and a single residential unit. Restaurant currently pays $3000/ month and the residential unit proforma rents would be $2000/month. This unit pencils out to a 6.15% cap based on these numbers. The residential unit shows as a 1 bed 1 bath unit. Current occupant has it configured as a 2 bed 1 bath space. The restaurant is occupied by an Italian restaurant called Il Bambino which has a strong following and great reviews, click on the link (https://g.page/ilbambinola?share). Restaurant owner has expressed interest in renewing lease at the end of his lease term. residential unit has fully fenced and gated driveway that provides secure parking. Property requires very little if any repairs. It shows true pride of ownership.
    Exterior Features

    Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 1 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 1 Common Wall

    Property Features

    Additional Parcels YN No Common Interest None Community Features CurbsStorm Drain(S)Street LightsSidewalks Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 60000 Gross Scheduled Income 60000 Insurance Expense 1200 Land Lease YN No Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventionalSubmit Net Operating Income 60000 New Construction YN No New Taxes Expense 9750 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 0 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Lam2

    Listing provided courtesy of Americo Peralta of John B Spear Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T00:28:52.49. 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 deemed reliable but is not guaranteed accurate by the MLS or CENTURY 21 Jordan-Link & Co.. Licensed in the State of California, USA.
     
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