For sale 44 units Apartment building in Los Angeles, CA. For more information contact the listing agent , Janet Neman janet.neman@e.kidder.com (424) 653-1809

Posted: 12/28/2021 2:23 pm | On HOMEiZ: 855 days | Updated: 2 years ago | Views: 397

Location Map

Property Type

Property status

Sold

Property Price

Asking Price

$7450000

Last Sold Price

$7450000

Last Sold Date

12/23/2021

Total Lot Size

9,309.00 Sq. Ft.

Asking Price per Sq. Ft.

$268

Total Building Size Sq. Ft.

27796

Commission Split %

2.0%

Cap Rate %

4.02%

Gross Annual Income

Net Operating Income

$299490

Gross Rent Multiplier

13.09

Operating Expenses

Annual Property Tax Rate for this property

1.25%

Property tax total amount

$93125

Property Location & Description

Listing Headline

For sale 44 units Apartment building in Los Angeles, CA. For more information contact the listing agent , Janet Neman janet.neman@e.kidder.com (424) 653-1809

Rent control

Rent Control

Property Description

This is a great opportunity to purchase a value-add apartment building in the desirable Virgil Village neighborhood of East Hollywood. Adjacent to Silver lake, this striking 4-story structure features 44 units with a diverse unit mix, an elevator, laundry room, separately metered electric and a solar water heating system.

Location Description

.Adjacent to Silver lake.

No. of Units

Price per Unit

$169318

Units Mix

No.

Description

No. Units

Sq. Ft.

Avg. Mo. Rent

0+1

1+1

APN / Parcel ID

5539-020-014

Zoning

LARD1.5

Occupancy %

100%

Construction Type

Brick Building

No. Stories

Year Built

1928

Overall Property Condition

Good

Highlights

Excellent Location in Hip Virgil Village Adjacent to Silver lake

40% Upside in Rents

Separately Metered for Electric

Solar Water Heating System

Property Information

Amenities

Elevator

Sewer

Type of Sewer

Sewer System (Public)

Parking

Parking type

On-street

# of Covered Parkings

No Data

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

Listing Info

Listing ID: 2997

Sold

For Sale

$7,450,000

Listing Presented by

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4015 Melrose Avenue . East Hollywood , CA 90029