Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high
2103 South Harcourt Avenue . Mid City , CA 90016
Global Platinum Properties is pleased to present this promising 5-Unit Multi-Family Property. NOT on MLS/off market.For Sale: Harcourt Apartments.FIRST TIME ON THE MARKET! 5 RESIDENTIAL UNITS FOR SALE.For more information please contact Listing agent : Armin Soleimani 310.666.2246 Email: ArminSoleimani@gmail.com or lapropertyhunter@gmail.com
Posted: 05/10/2019 7:44 pm
| On HOMEiZ: 1813 days |
Updated: 3 years ago
| Views: 2070
Location Map
Property Type
Sold
Property Price
$1125000
$1125000
11/25/2019
6,372.00
Sq. Ft.
$277
4058
Contact listing agent%
1.05 %%
$0
$0
50.22
1.25%
$14063
Property Location & Description
Global Platinum Properties is pleased to present this promising 5-Unit Multi-Family Property. NOT on MLS/off market.For Sale: Harcourt Apartments.FIRST TIME ON THE MARKET! 5 RESIDENTIAL UNITS FOR SALE.For more information please contact Listing agent : Armin Soleimani 310.666.2246 Email: ArminSoleimani@gmail.com or lapropertyhunter@gmail.com
Rent Control
FIRST TIME ON THE MARKET! 5 RESIDENTIAL UNITS FOR SALE.Global Platinum Properties is pleased to present this promising 5-Unit
Multi-Family Property. The said property consists of two separate
dwellings that amount to a total of 4,058 SF. The said improvements sit
on an approximate 6,372 SF RD2-corner-lot. 2 of the 5 units are being
delivered vacant with RTI plans that will allow you re-function the layout
to a more favorable bed and bathroom count (See attached
supplements). This presents an immediate value add opportunity with
upside in rents. Each unit has a 1 car covered garage and 1 car
uncovered (tandem) surface parking space. The other 3 units are being
occupied by long term tenants. Each unit is individually metered for Gas
& Electricity. Most of the roof was recently replaced. This property is
perfect for someone that is looking for a solid property in an established
Mid-City/West Adams Neighborhood.
This property is minutes from the Growing Media Hub in
Culver City where Large Leases has been signed by
Amazon, HBO, Apple (1.5 Miles)! Laso, just minutes to
Miracle Mile-, Downtown Los Angeles, Beverly Hills, and
Hollywood. This area of Mid-City/West Adams is booming!
Harcourt is a mild thoroughfare which underpasses the 10
freeway, giving easy access to and from the 10 freeway
5
$225000
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
1+1
2
$770
2.
1
1
$700
3.
2+1 Vacant
1
4.
3+2 Vacant
1
5.
1
5061018001
LARD2
50%
Wood & Stucco
2
1945
Very good
NUMBER OF BUILDINGS (2 )
FIRST TIME ON THE MARKET
NOI (CURRENT) $14,194/ NOI (Pro Forma) $123,910
CAP RATE (Pro Forma) 9.18 %
GRM (Pro Forma) 8.93
2 Units will be delivered vacant with Fully Approved Plans to change Unit Mix to Maximize Rents
Property Information
Sewer
Sewer System (Public)
Parking
On-street
Investment Overview
Investor
Energy Efficiency
No
Don't Know
N/A
N/A
No
No
No
No
Neighborhood lifestyle
Urban Core
More information
NOT IN MLS
Listing Presented by
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