Address
1403 Hooper Avenue Los Angeles, CA
Price
$ 975,000
Property Attributes
  • MLS#DW21032635
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaDowntown L.A.
  • Zip90021
  • Style
  • Price$ 975,000
  • Bedrooms2
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size2,329 SqFt
Listing Provided Courtesy Of:
Americo Peralta with John B Spear Real Estate - 562-607-2408
Data Source:
California Regional MLS (CRMLS) - 25 - CA
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.

Price History
2/17/2021 Listed $975,000

General Features

Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks
Listing Agent Americo Peralta - BRE#01821991
Listing Agent State License 01821991
MLS Area C42 - Downtown L.A.
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Senior Community Y/N No
Sewer Public Sewer
Special Listing Conditions Standard
Status Active
Terms Cash, Cash to New Loan, Conventional, Submit
Total Units 2
Zoning LAM2

Interior Features

Common Walls 1 Common Wall
Laundry Features Inside

Exterior Features

Lot Features 0-1 Unit/Acre
Lot Size Acres 0.05
Lot Size Area 2329
Lot Size Source Assessor
Lot Size Square Feet 2329
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 1
Number of Separate Gas Meters 1
Number of Separate Water Meters 1
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90021

Price
AVG $2.69M
$980K
Visits
AVG 479
97
Year Built
AVG 1910
1915
Walkscore
AVG 87
71
Data Provided by Walkscore ® not using MLS data

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