Property listed by James F. Gilb, James Gilb 310-592-7067
$1,598,000
We offer FOR SALE this value-add 10-unit two-story walkup apartment building in the Mid-City of Los Angeles. Built in 1958, the property offers 8 - one bedroom/one bath and 2 - two bedroom one bath apartments and according to the Los Angeles County Tax Assessors office, 7,652 square feet… Read More of building area. There are several very low rents providing very good future rental upside. There are two vacant units and a good possibility of a third, (please contact listing agent for more information on this.) The location is two blocks east of Crenshaw Blvd and just north of Olympic Blvd. This area enjoys a central locality and is close by car to Downtown Los Angeles, the Miracle Mile, Hollywood, Mid-Wilshire and Beverly Hills. This building is surrounded by a vast pool of traditional employers in almost every conceivable industry as well as educational institutions, government facilities and small businesses of every sort and kind. This contributes to the strong mandate for apartments to rent in the area on top of the already acute demand based on the existing housing supply imbalance. Please refrain from walking on the property and please do not disturb the tenants. For more information, please call the listing agent. Read Less
Listing Snapshot
Days Online
17
Last Updated
Property Type
Other
Beds
12
Square Ft.
7,652
Lot Size
0.19 Acres
Year Built
1958
MLS Number
25510147
30 Days Snapshot Of 90019
$2,035k
+75%
(avg) sold price
13
+8%
homes sold
75
-41%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1958, Building area total: 7,652, Levels: Two, Living area: 7652, 2 stories, 1 building, Architectural style: MidCenturyModern, Construction materials: Stucco
Cooling
WallWindowUnits
Floors
Carpet, Laminate
Garage
3 spaces
Heating
WallFurnace
Income
Gross income: $154,014, Net operating income: $79,964
Laundry
LaundryRoom
Lot
0.1921 acres, 8,367 square feet, Size: 8,367
Parking
6 carport spaces, 9 totals parking, Carport
Property
Zoning: LAR1-1HPOZ, None
Roof
Composition, Shingle
Spa
None
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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