For sale 6 units apartment building in Los Angeles, Ca. For more information please contact the listing agent, Rick Ramirez818-212-2788 Rick.Ramirez@marcusmillichap.com

Posted: 03/03/2020 11:57 am | On HOMEiZ: 1523 days | Updated: 4 years ago | Views: 744

Location Map

Property Type

Property status

Sold

Property Price

Asking Price

$1685000

Last Sold Price

$1685000

Last Sold Date

02/19/2020

Total Lot Size

7,200.00 Sq. Ft.

Asking Price per Sq. Ft.

$302

Total Building Size Sq. Ft.

5584

Commission Split %

Contact listing agent%

Cap Rate %

4.65%

Gross Annual Income

Net Operating Income

$78353

Gross Rent Multiplier

13.59

Annual Property Tax Rate for this property

0.755%

Property tax total amount

$12722

Property Location & Description

Listing Headline

For sale 6 units apartment building in Los Angeles, Ca. For more information please contact the listing agent, Rick Ramirez818-212-2788 Rick.Ramirez@marcusmillichap.com

Rent control

Rent Control

Property Description

Delivered 50% Vacant at the Close of Escrow Allowing a New Owner the Opportunity to Immediately Begin Interior Renovations.

Location Description

Located Approximately 0.3 Miles From Los Angeles City College with Current Enrollment of Over 20,000 Students.Located Within a Five Minute Walk to the Vermont/Santa Monica Station of the Metro Red Line.

No. of Units

Price per Unit

$280833

Units Mix

No.

Description

No. Units

Sq. Ft.

Avg. Mo. Rent

1+1

715

2+1

832

3+1

1022

APN / Parcel ID

5540-019-001

Zoning

LARD1.5

Occupancy %

50%

Construction Type

Wood & Stucco

No. Stories

Year Built

1940

Overall Property Condition

Good

Highlights

Five Units Have Approved Plans to be Converted into Two and Three Bedroom Units Enabling Investors to Achieve Rent Premiums Over the Current Unit Mix.

Property Information

Sewer

Parking

Investment Overview

Energy Efficiency

How old is you cooling and heating system?

Neighborhood lifestyle

More information

MLS URL of this listing to link to your own site or brokerage site

Listing Info

Listing ID: 2178

Sold

For Sale

$1,685,000

Listing Presented by

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1186 North New Hampshire Avenue . East Hollywood , CA 90029