Highland Park, CA 90042 4939 Malta Street

$1,090,000

Pending

Presented By: TALIA LAI with Pinnacle Real Estate Group; 626-926-0236

MLS# WS24001976
01/04/2024

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Beds • 6
Baths • 4
SQFT • 2,724

Home Details

Four detached Spanish style houses in the trendy Highland Park area. Front 2 units are 2-bedroom 1 bath. Back units are 1 bedroom 1den and 1 bath each. Carport space is rented separately. Carport's roof was installed in 2015. Other buildings' roof were installed in 2013. Separated Gas and Electrical Meters for each unit. Most tenants have been living there for more than 14 years. Most copper plumbing pipes and most electrical wires were installed in most areas except unit #4939.5 which has not been done. Newer windows for unit#4939.5. Lots of upside rent potential. Centrally located. Minutes away to Downtown L.A., South Pasadena, Mt. Washington, etc... Close to Fwy 101, 110, 5 and 2. Metro Station is nearby. High demand rental area. Great potential for investors or developers. Lots of newer homes are built or under construction in nearby areas. Owners will not evict any tenants and will deliver the property in its "as-is" conditions with tenants. Property needs updates and fix up. Buyer to co-operate with seller for the 1031 tax deferred Exchange at no cost to buyer. Expenses are estimated only. Buyers and buyer's agent to do their due diligence to inspect and investigate the permits, room counts, conditions and development requirements of the property.

Presented By: TALIA LAI with Pinnacle Real Estate Group; 626-926-0236

Interior Features for 4939 Malta Street

Other Interior Features

Air Conditioning Y/NYes

Basement (Y/N)No

Common WallsNoCommonWalls

Electric On Property Y/NNo

Fireplace FeaturesNone

Fireplace Y/NNo

Heating Y/NYes

Laundry FeaturesNone

Street SuffixStreet

Total Stories1

Other Rooms

Entry Level3

General for 4939 Malta Street

AccessibilityParking

Additional Parcels Y/NNo

AppliancesGasRange, GasWaterHeater

Attached Garage No

Building Area UnitsSquareFeet

Carport Spaces3.0

Carport Y/NYes

CityHighland Park

Community FeaturesSuburban

Construction MaterialsUnknown

ContingencyDrive by only. Tenants are not aware of the sale. Please do not disturb tenants there. Drive by only and submit offer subject to interior inspection. Buyer to co-operate with seller's 1031 deferred

CoolingWallWindowUnits

CountyLos Angeles

Current FinancingConventional

Days on Market

DirectionsCross Streets: Ave 50

DisclosuresRentControl

ElectricElectricityOnProperty

Electric Expense0.0

Entry LocationGround Level With Steps

Fuel Expense0.0

Garage Spaces0.0

Garage Y/NNo

Gross Income4359.0

HOA0.0

HOA / Comm AssnNo

HeatingWallFurnace

Home Warranty Y/NNo

Insurance Expense2200.0

Land Lease Y/NNo

Lease Considered Y/NNo

Lease Renewal Y/NNo

LevelsOne

Listing TermsCash, CashtoNewLoan, Item1031Exchange, FHA

Lot Size Square Feet8400.0

MLS Area632 - Highland Park

MaintenanceExpense2000.0

MobileHomeRemainsYNNo

Net Operating Income35028.0

New ConstructionNo

Number of Units Leased4

Open Parking Spaces4.0

Operating Expense15012.0

Pool FeaturesNone

PossessionCloseOfEscrow

Private PoolNo

Property Attached Y/NNo

Property ConditionTurnkey

Property Sub Type AdditionalQuadruplex

Property SubTypeQuadruplex

Property TypeResidentialIncome

Rent Control Y/NYes

Senior Community Y/NNo

SewerPublicSewer

Spa FeaturesNone

Special Listing ConditionsStandard

Standard StatusPending

StatusPending

Stories1

Street NameMalta

Tax Lot6

Taxes$18,750

Tenant PaysADAUpgrades, CableTV, Electricity, Gas, ParkingFee

Total Actual Rent4299.0

Total Units4

Trash Expense0.0

UtilitiesElectricityAvailable, NaturalGasAvailable, PhoneAvailable, SewerConnected, WaterConnected

ViewNone

View Y/NNo

Water Sewer Expense6000.0

Waterfront Y/NNo

Year Built1927

Year Built SourceAssessor

Exterior for 4939 Malta Street

Building Area Total2724.0

Crops Included Y/NNo

FencingPartial

Foundation DetailsRaised

Horse Y/NNo

Irrigation Water Rights Y/NNo

Lot Dimensions60X140

Lot FeaturesStreetLevel

Lot Size Acres0.1928

Lot Size Area8400.0

Lot Size SourceAssessor

Lot Size UnitsSquareFeet

LotDimensionsSourceAssessor

Number of Buildings5

Number of Separate Electric Meters4

Number of Separate Gas Meters4

Number of Separate Water Meters1

Open Parking Y/NNo

Parking FeaturesAssigned, Carport, OneSpace

SpaNo

Total Parking7.0

Water SourcePublic

Additional Details

Price History

First Team Client Services

Price $1,090,000

MLS#WS24001976

List Date 01/04/2024

Property Type Pending

Phone 714.964.3311

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