Los Angeles, CA 90031 2303 Hancock Street
$999,999
Pending
38 more
Presented By: Lori Robinson with Coldwell Banker Assoc.Brks-CL; 951-639-7777
- MLS# SW25014257
- 01/24/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 8
Baths • 5
SQFT • 3,430
Home Details
Great Investment Opportunity - 5 Unit Income Property Located in the highly desirable area of Lincoln Heights. Two separate dwellings. 2303 Hancock is a 3 bedroom downstairs unit with 1 1/4 bath, laundry and a basement with 2 upper units, one of which is a 2 bd, 1 ba and the other is 1 bd, 1 ba. The upper units have their own entrances. The detached duplex (Manitou addresses) are both 1 bedroom, 1 bath and one of them has been remodeled. Conveniently located to freeways, USC Health Science Campus, DTLA, China Town, Dodger Stadium, and more.
Presented By: Lori Robinson with Coldwell Banker Assoc.Brks-CL; 951-639-7777
Interior Features for 2303 Hancock Street
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesLaundryRoom
Total Stories2
Other Rooms
Entry Level1
General for 2303 Hancock Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesSidewalks
ContingencyTenants are Month to Month - Rent Control - Units will be delivered at COE with Tenants.
CoolingWallWindowUnits
CountyLos Angeles
DirectionsCorner of Hancock and Manitou
DisclosuresRentControl
Electric Expense223.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense170.0
Garage Spaces0.0
Garage Y/NNo
Gross Income0.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense4840.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, Exchange1031
Lot Size Square Feet7040.0
Lot Size UnitsSquareFeet
MLS Area677 - Lincoln Hts
MaintenanceExpense2560.0
MobileHomeRemainsYNNo
Net Operating Income40075.0
New ConstructionNo
Number Of Units Total5
Number of Units Leased3
Operating Expense23211.0
Pool FeaturesNone
Property Attached Y/NYes
Property ConditionFixer, UpdatedRemodeled
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories2
Tax Lot16
Tenant PaysElectricity, Gas
Total Actual Rent4051.0
Trash Expense27.0
Water Sewer Expense4054.0
Waterfront Y/NNo
Year Built1948
Year Built SourceAssessor
ZoningLARD3
Exterior for 2303 Hancock Street
Building Area Total3430.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre, CornerLot, StreetLevel
Lot Size Acres0.1616
Lot Size Area7040.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesDriveway, OnStreet
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
Additional Details
Price History
Hal Schlegel
Broker Associate