Property listed by Ashby & Graff, Billy Rojas 310-856-9153
$3,600,000
RENTAL INCOME: $416,412.00 per year / $34,701.00 per month. Excellent opportunity to acquire a 26-unit apartment building in the Downtown L.A. / South Park area just south of the 10 Freeway. This 3-story, 16,152 sq. ft. building resides on an 8,823 sq. ft. corner lot which consists of thirteen… Read More 1 bed/1bath units and thirteen studios. Tremendous upside potential and is perfect for the investor looking to add more units to their portfolio at a low $138,461.00 cost per unit / $222.88 cost per square foot. The building is well taken care of and all units are mastered metered. The property is located several blocks south of the 10 Freeway on an excellent and quiet stretch of Maple Ave. and directly across the street from the Santee Education Complex. Excellent on-site manager / handy man. This asset is positioned in the northwest area of the 90011 zip code and 1.5 miles from the Crypto.com Arena. Large 1,000 sq. ft. plus basement that can potentially be used as laundry area. Seller selects all services. Read Less
Listing Snapshot
Days Online
130
Last Updated
Beds
13
Square Ft.
16,152
Lot Size
0.2 Acres
Year Built
1911
MLS Number
26653873
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1911, Living area: 16152.0, 1 building, 3 stories, Levels: ThreeOrMore
Community
Gated
Cooling
None
Disclosures
FamilialRelation
Income
Gross Income: $416,412, Net Operating Income: $235,319
Lot
0.2025 acres, Dimensions: 60x147, CornersMarked
Parking
None
Security Features
GatedCommunity, ResidentManager
Taxes
Parcel Number: 5127016003, Zoning: LAC2
Tenant Pays
CableTv
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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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