2731 Darwin Avenue
About This Property
The Units are gone (long ago burned down). SFR remains. Zoning may be LARD2-1. New Opportunity Zone, Very close to USC Medical Campus, Check with the City of LA planning for possibilities, Near Downtown LA, Transportation, & Light Rail nearby. House is a Fixer. This is a probate with court confirmation of sale. Property is AS-IS condition. Seller will only for 9A/DWP and state Nothing done; Buyer to assume Seller's Retrofit requirements.
Court confirmation is 10/05/2019, 8:30 am, Stanley Mosk Court, Dept. 79, latest price is minimum overbid sale amount.
Sold As/Is. No contingencies, Buyer to assume retrofit if any.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 15, 2019 | Sold | ||
| Sold | |||
| Jan 28, 2019 | Listed by MICHELLE LOWE REAL ESTATE | $527,705 | |
| Listed by MICHELLE LOWE REAL ESTATE | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017