717 W 42nd Place Los Angeles, CA 90037
***VERMONT SQUARE SFR + RECREATION ROOM*** This home has a LOT of potential! Front house is shown legally as a 3 bedroom/1 bath vs actual 4 bedrooms/2 baths and has been rented to current tenant for past 8 years. Current rent: $1,900 month. At the rear was originally a garage that was legally converted to a "recreation room" which seller has added a kitchen and a bathroom making it a "studio" unit. This tenant has lived there 7 years and currently pays $700 per month rent = $2,600 month = $31,200 GSI = 13.6 x gross. Below market asking price should move this property QUICKLY! Ideal for FHA203(k) financing! Just a matter of 6 or 7 blocks north to reach Exposition Park & L.A. Coliseum with USC just north of that! This location is perfect for the commuter with easy access to public transportation and major freeways to downtown L.A. and all points beyond!, Directions Exit 11o Freeway at Vernon west 1 block to Figueroa, right (north) 3 blocks to 42bd Place, left to address.
Interior Features Include:
Fireplace Description None
Rooms Living Room
Exterior Features Include:
Acreage: 0.1100 Acres
Description Front Yard
Square Feet 4801
Other Features Include:
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