We are pleased to present this 17 unit offering in a great mid-city location of Los Angeles. The building has an excellent unit mix consisting of (5) 2 Bed / 1 Bath, (8) 1 Bed / 1 Bath, and (4) Single /1 Bath units. The units are spread out across… Read More 11,472 square feet of gross leasable area, on a large 14,000 square foot lot that is zonedLARD1.5. It was built in 1963 and is subject to LA RSO. There is an interior courtyard with plentiful parking in both the front and the rear of the building and it is secured with gated entry. With great in place cashflow, the opportunity also offers significant rental upside for a future investor. The subject property is well situated in the Mid-City of Los Angeles, surrounded by tremendous growth and developments in the recent past. Located just south of the Mid-Town Crossing and a short distance from a new development that includes Sprouts Farmers Market, Target and Michael's. The area has also benefited from entertainment options such as new and high end restaurants like N/Soto, just around the corner. With plenty of shopping, dining and entertainment options, current and future tenants in the subject property are able to capitalize on an abundance of local amenities. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., William James 310-425-9838
Listing Snapshot
Days Online
182
Last Updated
Property Type
Other
Beds
17
Square Ft.
11,472
Lot Size
0.32 Acres
Year Built
1963
MLS Number
24392873
30 Days Snapshot Of 90019
$1,484k
+7%
(avg) sold price
6
-62%
homes sold
83
+20%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator, Dryer, Washer
Building
Built in 1963, Building area total: 11,472, Levels: MultiSplit, Living area: 11472, 1 building, Architectural style: MidCenturyModern
Community
Gated
Cooling
WallWindowUnits
Fireplaces
None
Heating
WallFurnace
Income
Gross income: $344,293, Net operating income: $214,203
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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