Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high
4808 & 4816 August Street . South Los Angeles , CA 90008
For sale 16- unit in Los Angeles, CA.For more information please contact the listing agent, JANET NEMAN 310.996.2210
Posted: 02/26/2020 1:33 pm
| On HOMEiZ: 1531 days |
Updated: 4 years ago
| Views: 910
Location Map
Property Type
Sold
Property Price
$3950000
$3950000
02/21/2020
8,087.00
Sq. Ft.
$254
15536
Contact listing agent%
5.21%
$0
$205795
12.53
0.755%
$29823
Property Location & Description
For sale 16- unit in Los Angeles, CA.For more information please contact the listing agent, JANET NEMAN 310.996.2210
Rent Control
16-unit apartment building located in Baldwin Village, a rapidly developing neighborhood in Los Angeles. Originally constructed in 1957, the Property is a well-maintained, two-story structure with controlled access. The Property features extremely spacious units with a strong unit mix of 6 - one bedroom, one bath, 8 - two bedroom, two bath and 2 - three bedroom, two bath units.
4808 + 4816 August Street is situated amongst numerous amenities including restaurants, schools, the Kenneth Hanh State Regional Park, and the new Kaiser Permanente. Additionally, the Property is near the new Baldwin Hills Crenshaw Plaza, a $700 million redevelopment project situated on 43 acres of land, which will feature new apartments, condominiums, a hotel, restaurants, retail and office space. Tenants are in close proximity to public transit, and the Metro’s LAX/Crenshaw Line is scheduled to open in mid-2020, connecting neighborhoods of Crenshaw, Baldwin Hills, and Leimert Park to the city of Inglewood and the Los Angeles International Airport (LAX). Additionally, tenants have convenient access to major employment centers including Century City, Culver City, and Downtown Los Angeles. With tremendous rental upside, 4808 + 4816 August Street appeals to investors looking for a value-add opportunity in a rapidly developing neighborho
16
$246875
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
1+1
6
2.
2+2
8
3.
3+2
2
4.
5.
LAR3
Wood & Stucco
1
1957
Good
Well-maintained property in the rapidly developing Baldwin Village neighborhood with high-grade renovations
Separately metered for electricity and gas
Soft-story seismic retrofit work has been completed
Property Information
Sewer
Sewer System (Public)
Parking
On-street
Investment Overview
Investor
Energy Efficiency
No
No Data
N/A
N/A
No
No
No
No
Neighborhood lifestyle
Urban Core
More information
19-516386
Listing Presented by
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