Property listed by Re/Max Commercial & Investment, Brian Estes 310-963-2894
$725,000
5 unit multi-family property in the Pico Union neighborhood of Los Angeles. First time on market in 30 years. All units occupied by long term tenants.
Rents are significantly below market and average $434/unit. Because of the low in place income the property will not qualify for… Read More conventional financing. All cash purchase preferred.
Beautiful Victorian style architecture. Located in the HPOZ (historical zone). Any new development would need to be approved by the historic preservation staff. Buyer to verify what can be permitted. Dense rental market close to DTLA, The Crypto Arena, LA Live and much more. Large 6,113 sq ft lot. Potential for an ADU to be added in the rear of the property which is currently used for open parking. Individually metered for utilities. Space for onsite laundry facility which would generate additional income. Most if not all of the major building components including roof, electrical and plumbing are approximately 20 years old. Most if not all of the interiors are original to semi original condition. Read Less
Listing Snapshot
Days Online
0
Last Updated
Property Type
Apartment
Lot Size
0.14 Acres
Year Built
1890
MLS Number
SB25264688
Additional Details
Building
Built in 1890, 1 building, 2 stories, Levels: Two, Entry level: 1, Entry location: 1
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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