Posts Tagged with ‘los angeles’
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Income-Producing Triplex in Rampart Village
18 May 2024JUST LISTED | 234 S. Vendome St., Los Angeles, CA 90057 234 S. Vendome St., Los Angeles, CA 90057 $1,279,000 1905 Victorian Triplex 9 Bedrooms | 6 Baths 2926 Sq. Ft. | 6010 Sq. Ft. Lot Vintage Details Intact, Natural Light, Vacant Main House Schedule a private showing before the open house! JUST LISTED | Sitting at the intersection of the Eastside’s most desirable neighborhoods between Silver Lake and Virgil Village in vibrant Rampart Village is this very rare income producing triplex with a vacant and renovated detached main house. Nestled among a verdant and private front yard, the property has the most valuable configuration for owner-occupants and investors: a detached, move-in ready 3 bedroom/3 bath home in the front, complemented by a duplex at the rear. Upgrades to the main house include a brand new roof and central AC. The duplex, currently rented at $4413/month, consists of a 4 bedroom/2 bathroom unit upstairs and a 2 bedroom/1 bathroom unit downstairs. The front house, with a market rent potential of $4500/month, features high ceilings, vintage architectural details, a new kitchen, updated baths, paint and flooring. Even at current rates, the entire mortgage would be covered with over $1500/month positive income…
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How to Buy Your Own Little Piece of L.A.
15 Jan 2021Congratulations on your decision to make 2021 the year you become a homeowner! Rates are crazy low, Covid is here to stay (for now) and you can’t get out of your cramped quarters fast enough! But what do you do and where do you start? Before you start favoriting homes on Redfin or picking out patio furniture, the very first thing you have to do is — take a deep breath. Really. Buying a home in the Eastside of L.A. — the most intense region in all of Southern California, is not for the faint of heart. There will be drama and sometimes, a few tears. My role as your agent is to take as many of those bumps for you, be your neutral sounding board, voice of reason, strategist, therapist, cheerleader and friend in what will probably be one of the most exhilarating experiences of your life, outside of marriage and kids. I’m here to make it as fun and memorable as possible, for all the best reasons. After you’ve decided to work with me 😊 the most important next step is to reach out to a lender to find out 1) what you can get pre-approved for and more importantly, 2) determine…
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Buying a House in L.A. in the Age of Corona
21 Apr 2020Thinking of buying a house in Los Angeles during the Covid-19 pandemic? Yes, it can be done and no, you’re not crazy! The rules have changed a bit, but for the most part it’s still business as usual. With rates hovering near historic lows and inventory being tighter than ever, buyers and sellers are finding no reason to stay away from each other. That said, there are a few things you should know about buying a house now, in order of importance: #1 Check in with your lender and make sure you get an updated loan pre-approval. Your lender has always been super important and now even more so. Guidelines are changing almost weekly as are processing times. Everything is taking longer than usual and that pre-approval you got in February might no longer be valid so be sure to check in. #2 No more public open houses for the time being. Most properties are requiring you do several things like first driving by, watching a virtual tour and sending over your pre-approval before you can get a showing. Others might require all that and do a group chat with the sellers agent to further discuss. These rules weed out…
