Listing ID23239719
Price$2,699,000
Price/SqFt$399.56
StatusActive
SqFt
6,755
Acres
0.232
CountyLos Angeles
Year Built1956
Property TypeResidential Income
Here's your chance to own a fantastic property in a prime location. This building is not only low-maintenance but also easy to manage, making it an ideal investment. Most units are uniquely designed with high vaulted ceilings, adding to their appeal.The property features three garages and seven carports, ensuring ample parking for residents. With central water heating and separate metering for utilities, it offers added convenience. Plus, a dedicated laundry room is available in the building for tenants.This property is brimming with potential and is perfectly situated in a central location. It includes a mix of units, such as a 3-bedroom, 1.5-bathroom unit, a 2-bedroom, 1-bathroom unit, four 1-bedroom, 1-bathroom units, and three single units with 1 bathroom each.Located adjacent to Leimert Park and within walking distance of Crenshaw, this property offers easy access to public transportation, including trains and buses. Don't miss out on this remarkable investment opportunity!
County
Los Angeles
Price Reduction Date
2023-03-23T05:31:53+00:00
Price/SqFt
399.56
Property Type
Residential Income
Year Built
1956
Zoning
LAR3
Appliances
yes
Appliances
Disposal, Refrigerator
Cooling
no
Cooling Type
None
Heating
yes
Heating Type
Wall Furnace
Interior Features
Ceiling Fan(s)
Levels
Two
Stories Total
2
Lot Size Area
10100
Lot Size Dimensions
75x135
Lot Size Source
Assessor
Lot Size Square Feet
10100
Number Of Buildings
1
Parking
yes
Parking Features
Carport, Garage
Country
US
MLS Area Major
PHHT - Park Hills Heights
Association
no
Days On Market
386
List Agent State License
01184594
List Office State License
02007164
Lot Size Units
Square Feet
New Construction
no
Number Of Units Total
10
Parcel Number
5006020017
Senior Community
no
Cap Rate
4.3
Gross Multiplier
18
Gross Operating Income
143527
Net Operating Income
115516
Special Listing Conditions
Standard
Total Expenses
28008
© 2024. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to 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. Any correspondence from IDX pages are routed to Telford Real Estate Inc or one of their associates. Last updated Thursday, March 28th, 2024.
Based on information from CARETS as of Thursday, March 28th, 2024 01:20:37 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. 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.
Based on information from CARETS as of Thursday, March 28th, 2024 01:20:37 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. 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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Contact - Listing ID 23239719
Nancy Telford
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