Somerset Bungalows is a well maintained 4 plex located in trendy West Adams. There are two 2 unit detached buildings. Each unit is 1 bed 1 bath. Total rents is $7432/mo or $89,184/year. In the front building, unit 1 rent is $1872/mo, unit 2 is $1760/mo. In the back building, unit 3 rent is $1900/mo, unit 4 is $1900/mo. Unit 4 has given notice to vacate and will be vacant by mid May. Proforma rents indicate $2050/mo for each unit or $98,400/year. The garage is prime for an ADU conversion with easy access from the alley. Buyer to confirm. Yard has been zero-scaped for low water usage. Owner only pays for water, gardener, and sewer. Laundry on site. Owner has made many improvements.
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listed For Sale | $1,299,000 | $624 | Keller Williams Downtown LA |
Elementary School Virginia Road Elementary | 0.3 miles away | KG - 05 | |
Elementary School Glassell Park Elementary | 0.3 miles away | KG - 05 | |
Elementary & Middle School Celerity Troika Charter | 0.5 miles away | KG - 08 |