Listing ID23249271
Price$3,999,000
Price/SqFt$225.27
StatusActive Under Contract
SqFt
17,752
Acres
0.481
CountyLos Angeles
Year Built1964
Property TypeResidential Income
The New Multifamily Hotspot. The building has a stunning front exterior, new windows, with 5 beautifully upgraded units, 4 of which include in-unit washers and dryers. Buyer has the option of having the Seller complete the below work during escrow at a sales price of $4.199MM or close at a discount and do the work themselves. There are two vacant units that have been demoed and have permits for Buyer to upgrade immediately and lease. The parking requires tuck under parking retrofit which can be done at the same time as adding an additional dwelling unit (ADU) which is not included in the above cap rate. Two units are under eviction which can be completed prior to the close of escrow.
County
Los Angeles
Price Reduction Date
2023-10-27T20:17:54+00:00
Price/SqFt
225.27
Property Type
Residential Income
Year Built
1964
Zoning
LAR3
Appliances
yes
Heating
yes
Heating Type
Wall Furnace
Laundry
yes
Laundry Features
Community, In Kitchen
Levels
Two
Stories Total
2
Lot Size Area
20934
Lot Size Source
Assessor
Lot Size Square Feet
20934
Number Of Buildings
1
Parking
yes
Parking Features
Covered
Parking Total
18
Country
US
MLS Area Major
NOH - North Hills
Association
no
Days On Market
338
List Agent State License
01898026
List Office State License
01499010
Lot Size Units
Square Feet
New Construction
no
Number Of Units Total
18
Parcel Number
2654001045
Property Condition
Updated/Remodeled
Security Features
Automatic Gate, Gated Community
Senior Community
no
Year Built Source
Assessor
Cap Rate
6.23
Gross Multiplier
10.2
Gross Operating Income
379047
Net Operating Income
239867
Rent Control
yes
Special Listing Conditions
Standard
Tenant Pays
Electricity, Gas
Total Expenses
139180
Vacancy Allowance Rate
2
© 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 09:15:09 AM. 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 09:15:09 AM. 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 23249271
Nancy Telford
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