Off Market! Make an Offer! Great investment opportunity. For sale 6 Units in Mid-Wilshire Los Angeles, California.For more information please contact the Listing agent ,Armin Soleimani Email: arminsoleimani@gmail.com (310) 666-2246

Posted: 05/15/2020 8:11 am | On HOMEiZ: 1434 days | Updated: 1 year ago | Views: 2487 | Saved to favorites: 1

Location Map

Property Type

Property status

Sold

Property Price

Asking Price

$1575000

Last Sold Price

$1575000

Last Sold Date

12/01/2022

Total Lot Size

7,500.00 Sq. Ft.

Asking Price per Sq. Ft.

$349

Total Building Size Sq. Ft.

4508

Commission Split %

Contact listing agent%

Cap Rate %

2.62%

Gross Annual Income

Net Operating Income

$41265

Gross Rent Multiplier

24.34

Annual Property Tax Rate for this property

0.755%

Property tax total amount

$11891

Property Location & Description

Listing Headline

Off Market! Make an Offer! Great investment opportunity. For sale 6 Units in Mid-Wilshire Los Angeles, California.For more information please contact the Listing agent ,Armin Soleimani Email: arminsoleimani@gmail.com (310) 666-2246

Rent control

Rent Control

Property Description

Builder's Dream in the heart of Koreatown. This is a beautiful 6- unit French Normandy that sits on a prime 7,500 Sf, R4, Tier 3 Lot. Walk 5 minutes to the Wilshire/Western Metro station, footsteps away from trendy restaurants and exclusive shopping. While awaiting the permitting process, you will also be collecting rent from the existing 6-units on the property. The property will be delivered 100% occupied, but at this price, relocation assistance is an investment.

Location Description

Mid-Wilshire Los Angeles, California. Walk 5 minutes to the Wilshire/Western Metro station, footsteps away from trendy restaurants and exclusive shopping.

No. of Units

Price per Unit

$262500

Units Mix

No.

Description

No. Units

Sq. Ft.

Avg. Mo. Rent

1+1

2+1

APN / Parcel ID

5093003012

Zoning

LAR4 (Tier 3)

Occupancy %

100%

Construction Type

Wood & Stucco

No. Stories

Year Built

1940

Overall Property Condition

Very good

Highlights

Builder's Dream in the heart of Koreatown.

R4, Tier 3 Lot.

Walk 5 minutes to the Wilshire/Western Metro station.

Footsteps away from trendy restaurants and exclusive shopping.

WASHER/DRYER in unit.

Property Information

Sewer

Type of Sewer

Sewer System (Public)

Parking

Parking type

Garage - Detached

Off-street

On-street

Assigned Parking

# of Covered Parkings

Investment Overview

Type of use

Investor

Energy Efficiency

Energy Star Certified

How old is you cooling and heating system?

No Data

Efficiency rating

N/A

R-value

N/A

Windows single-pane?

Natural daylight

Appliances energy efficient

Roof

Neighborhood lifestyle

Lifestyle

Urban Core

More information

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

http://www.globalmajorproperties.com/author/armin/

Listing Info

Listing ID: 2289

Sold

For Sale

$1,575,000

Listing Presented by

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806 South Manhattan Place . Central LA , CA 90005