Los Angeles, CA 90043 5868 Deane Avenue
$899,500
Presented By: Michael Millea with Lyon Stahl Investment Real Estate, Inc.; 310-233-2800
- MLS# SB25057029
- 03/14/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 4
Baths • 3
SQFT • 2,461
Garage • 3
Home Details
Very nice corner location at corner of 5868 Deane Ave and 59th St. in highly desirable Park Hills Heights neighborhood. The unit mix consists of 3 units - one 2 bedroom + 1 bath unit and two 1 bedroom + 1 bath units with each unit having its own garage. Based on the gross building area of 2,461 square feet, the average unit size is approximately 820 square feet. Situated near Windsor Hills and neighboring communities of Park Mesa Heights, Leimert Park, View Park, Crenshaw Manor, and Baldwin Hills.
Ideal property for an owner/user or an astute investor looking to take advantage of long-term rental growth. Value add property. The 1 bedroom 1 bath front house will be delivered vacant, which will allow the buyer to refresh and rent at FMV. One unit is located over the garage. Rents are super low so huge potential rental upside.
The site is rectangular shaped with a total land area of 6,625± square feet, or 0.15± acre. The topography of the site is level and situated at street grade. Constructed in 1941, the property is regulated by the Rent Stabilization Board.
Presented By: Michael Millea with Lyon Stahl Investment Real Estate, Inc.; 310-233-2800
Interior Features for 5868 Deane Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Total Stories1
Other Rooms
Entry Level1
General for 5868 Deane Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate1.53
Carport Y/NNo
CityLos Angeles
Community FeaturesStreetLights, Sidewalks
ContingencyAll Offers subject to inspection. DO NOT WALK ON PROPERTY OR BOTHER TENANTS.
CoolingNone
CountyLos Angeles
DirectionsFrom Crenshaw go west on Slauson and turn south on Deane Ave.
Electric Expense300.0
Electric On Property Y/NNo
Entry Location59th
Fuel Expense370.0
Garage Spaces3.0
Garage Y/NYes
Gross Income33840.0
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense3076.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan
Lot Size Square Feet6627.0
Lot Size UnitsSquareFeet
MLS AreaPHHT - Park Hills Heights
MaintenanceExpense1624.0
MobileHomeRemainsYNNo
Net Operating Income13722.0
New ConstructionNo
Number Of Units Total3
Number of Units Leased2
Operating Expense18765.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NNo
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot255
Taxes$10,794
Tenant PaysElectricity, Gas
Total Actual Rent1570.0
Trash Expense1000.0
UtilitiesElectricityConnected, NaturalGasConnected
ViewNone
Water Sewer Expense1000.0
Year Built1941
Year Built SourceAssessor
ZoningLAR1
Exterior for 5868 Deane Avenue
Building Area Total2461.0
Crops Included Y/NNo
Gulf-FrontNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot, FrontYard, Level, RectangularLot
Lot Size Acres0.1521
Lot Size Area6627.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned
Private PoolNo
SpaNo
Total Parking3.0
Water SourcePublic
Additional Details
Price History
Hal Schlegel
Broker Associate