1132 N Evergreen Ave
Los Angeles, CA 90033
5 Beds
3 Baths
2,166 Sq Ft
11 Days on Market
For Sale $849,000
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Courtesy of Silverwood Properties

Listing Agent & Comments

Ken ShapiroSilverwood Properties
213-250-4404kenhshapiro@gmail.com License #01715663
Finally, a multi-family that actually cash flows, even with today's interest rates! Not only that, but you have tenants in both the front unit and rear unit who are not likely to be there forever. They are young professionals who are upwardly mobile, so you should look forward to getting market rents on those units sooner than later. By the way, I have met all the tenants and they are all very affable and cooperative,which is a big plus. The middle vacant unit is waiting for your touch to make it into a high rent unit. If you look at photos 4 to 13, that is the rear unit, which used to look exactly like the middle unit, which you see in photos 14 to 22. As soon as you spend $50K, give or take, on the middle unit you will make it look exactly like the two bed rear unit. Section 8 will fetch you $3052/mo in rent. Even if you don't want to go the Section 8 route, you will get close to that rent even with conventional tenants. The front unit could stand some updating but is basically in good condition. If/when those tenants leave you will spend a minimal amount of money to make it into a much higher rent unit.Each unit has it's own garage and there is an additional parking spot just alongside the garages. Each unit has it's own laundry hook-ups as well. Also, importantly, you are buying from responsible owners who have taken care of the property, so it should stand up well to a licensed home inspection once you are in escrow. They love the property and are only selling it because they are close to retirement and do not want to be landlords anymore. According to owners, they have recently updated the plumbing and electrical in the rear unit. The roof is only 9 years old according to the owners and the foundation was retrofitted right around the same time, plus the sewer line from the structure to the street has been recently replaced with a new sewer line. Bottom line, you are acquiring a property that a) cash flows, b) has very good upside and c) will not be a 'money pit.' Basically, everything a real estate investor is looking for in a property. So, come and get it! Middle unit can be shown anytime.

MLS# 24452097 • Data provided by CRMLS
Additional home details
Living Area2,166 Sq.Ft.
Lot Size5,841 Sq.Ft.
Total Rooms--
Bedrooms5
Bathrooms3
Stories1
Year Built1930
Property TypeMulti Family
ZoningLAR2
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$7,755
Property in Flood Zone--
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More Information On This Home
This home's estimated value
$836,672
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
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HouseCanary, Inc. Brokerage

1132 N Evergreen Ave., Los Angeles, CA 90033

Multi Family
5 Beds
3 Baths
2,166 Sq Ft
11 Days on Market

Listing Agent & Comments

Ken ShapiroSilverwood Properties
213-250-4404kenhshapiro@gmail.com License #01715663
Finally, a multi-family that actually cash flows, even with today's interest rates! Not only that, but you have tenants in both the front unit and rear unit who are not likely to be there forever. They are young professionals who are upwardly mobile, so you should look forward to getting market rents on those units sooner than later. By the way, I have met all the tenants and they are all very affable and cooperative,which is a big plus. The middle vacant unit is waiting for your touch to make it into a high rent unit. If you look at photos 4 to 13, that is the rear unit, which used to look exactly like the middle unit, which you see in photos 14 to 22. As soon as you spend $50K, give or take, on the middle unit you will make it look exactly like the two bed rear unit. Section 8 will fetch you $3052/mo in rent. Even if you don't want to go the Section 8 route, you will get close to that rent even with conventional tenants. The front unit could stand some updating but is basically in good condition. If/when those tenants leave you will spend a minimal amount of money to make it into a much higher rent unit.Each unit has it's own garage and there is an additional parking spot just alongside the garages. Each unit has it's own laundry hook-ups as well. Also, importantly, you are buying from responsible owners who have taken care of the property, so it should stand up well to a licensed home inspection once you are in escrow. They love the property and are only selling it because they are close to retirement and do not want to be landlords anymore. According to owners, they have recently updated the plumbing and electrical in the rear unit. The roof is only 9 years old according to the owners and the foundation was retrofitted right around the same time, plus the sewer line from the structure to the street has been recently replaced with a new sewer line. Bottom line, you are acquiring a property that a) cash flows, b) has very good upside and c) will not be a 'money pit.' Basically, everything a real estate investor is looking for in a property. So, come and get it! Middle unit can be shown anytime.

MLS# 24452097 • Data provided by CRMLS
Additional home details
Living Area2,166 Sq.Ft.
Lot Size5,841 Sq.Ft.
Total Rooms--
Bedrooms5
Bathrooms3
Stories1
Year Built1930
Property TypeMulti Family
ZoningLAR2
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$7,755
Property in Flood Zone--
We’ll connect you with top agents in your area.
New
Do you own this home?
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house
For Sale $849,000
Request tour
Save
Courtesy of Silverwood Properties
1132 N Evergreen Ave
Los Angeles, CA 90033
5 Beds
3 Baths
2,166 Sq Ft
11 Days on Market

Listing Agent & Comments

Ken ShapiroSilverwood Properties
213-250-4404kenhshapiro@gmail.com License #01715663
Finally, a multi-family that actually cash flows, even with today's interest rates! Not only that, but you have tenants in both the front unit and rear unit who are not likely to be there forever. They are young professionals who are upwardly mobile, so you should look forward to getting market rents on those units sooner than later. By the way, I have met all the tenants and they are all very affable and cooperative,which is a big plus. The middle vacant unit is waiting for your touch to make it into a high rent unit. If you look at photos 4 to 13, that is the rear unit, which used to look exactly like the middle unit, which you see in photos 14 to 22. As soon as you spend $50K, give or take, on the middle unit you will make it look exactly like the two bed rear unit. Section 8 will fetch you $3052/mo in rent. Even if you don't want to go the Section 8 route, you will get close to that rent even with conventional tenants. The front unit could stand some updating but is basically in good condition. If/when those tenants leave you will spend a minimal amount of money to make it into a much higher rent unit.Each unit has it's own garage and there is an additional parking spot just alongside the garages. Each unit has it's own laundry hook-ups as well. Also, importantly, you are buying from responsible owners who have taken care of the property, so it should stand up well to a licensed home inspection once you are in escrow. They love the property and are only selling it because they are close to retirement and do not want to be landlords anymore. According to owners, they have recently updated the plumbing and electrical in the rear unit. The roof is only 9 years old according to the owners and the foundation was retrofitted right around the same time, plus the sewer line from the structure to the street has been recently replaced with a new sewer line. Bottom line, you are acquiring a property that a) cash flows, b) has very good upside and c) will not be a 'money pit.' Basically, everything a real estate investor is looking for in a property. So, come and get it! Middle unit can be shown anytime.

MLS# 24452097 • Data provided by CRMLS
Additional home details
Living Area2,166 Sq.Ft.
Lot Size5,841 Sq.Ft.
Total Rooms--
Bedrooms5
Bathrooms3
Stories1
Year Built1930
Property TypeMulti Family
ZoningLAR2
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$7,755
Property in Flood Zone--
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$836,672
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
New
Do you own this home?
Access your homeowner dashboard
house

For Sale $849,000
Request tour
Save
Courtesy of Silverwood Properties