Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high

1906 Cimarron Street . Mid City , CA 90018

For sale 11 Units mix use in Los Angeles, CA. For more information please contact the listing agent, Sean Rosenzweig sean.rosenzweig@marcusmillichap.com

Posted: 08/29/2020 6:57 pm | On HOMEiZ: 1345 days | Updated: 3 years ago | Views: 605

Location Map

Property Type

Sold

Property Price

$1680000
$1680000
08/24/2020
7,539.00 Sq. Ft.
$168
10010
Contact Listing Agent%
No Data%
$0
$0
0.00
$0
1.25%
$21000

Property Location & Description

For sale 11 Units mix use in Los Angeles, CA. For more information please contact the listing agent, Sean Rosenzweig sean.rosenzweig@marcusmillichap.com
Rent Control
HIGH VACANCY PROPERTY: Seven out of the Twelve Units Will Be Delivered Vacant, Allowing a New Owner the Opportunity to Immediately Increase Income.RECENT UNIT RENOVATIONS: Current Ownership Has Completed Renovations to 42% of the Units.
EMERGING INFILL LOS ANGELES LOCATION: The Mid-City Submarket is a Rapidly Growing Infill Urban Location Proximate to Downtown Los Angeles.
11
$152727
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
0+1 
4 
300 
2.
1+1 
5 
500 
3.
 
 
 
4.
 
 
 
5.
 
 
 
5073-028-011
LAC2
0%
Yes
Brick Building
2
1923
Good
IMMEDIATE VALUE ADD OPPORTUNITY: 62% Upside in Rental Income Through Unit Renovations.

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

Not in MLS

Listing Info

Listing ID: 2405
Sold

For Sale

$1,680,000

Listing Presented by

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