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    106 E Avenue 37

    Los Angeles, CA 90031
    • $5,750,000
    • STATUS: Active
    • ON SITE: 18 days
    • MLS #: 21-690708
    UPDATED: 54 min ago
    $5,750,000
    • 18
      BEDS
    • 0.82
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    The Heritage Square Portfolio features 3614-3818 Pasadena Avenue, 106-114 E. Avenue 37 and 103-117 E. Avenue 36 and is comprised of 22 residential units and 3 commercial spaces on 51,492 SF of land. 106-114 E Avenue 37 and 103-117 E Avenue 36 is a 17 unit bungalow-style property sitting on four parcels totaling 38,583 SF of land. Of the 17 units, 15 of them are true bungalows with private entrances, no shared walls, side-yards and backyards. 3614-3618 Pasadena Avenue is a 12,433 SF lot zoned LARAS3. The property consists of three commercial spaces and five residential units that sit above the largest tenant, currently occupied by a garment manufacturer. All commercial tenants are on a month-to-month contract. The portfolio sits directly across the street from the Heritage Square Gold Line station and is eligible for Tier 3 TOC incentives.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-27T22:42:25.753. 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.
    www.jelmbergteam.com/homes/114051398
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    106 E Avenue 37 Los Angeles, CA 90031

    • Price: $5,750,000
    • Status: Active
    • Updated: 54 min ago
    • MLS #: 21-690708
    18
    Beds
    0
    Baths
    0
    ½ Baths
    0.82
    Acres
    1924
    Built
    Neighborhood:
    Lincoln Heights
    County:
    Los Angeles
    Area:
    Lincoln Heights
    Property Description
    The Heritage Square Portfolio features 3614-3818 Pasadena Avenue, 106-114 E. Avenue 37 and 103-117 E. Avenue 36 and is comprised of 22 residential units and 3 commercial spaces on 51,492 SF of land. 106-114 E Avenue 37 and 103-117 E Avenue 36 is a 17 unit bungalow-style property sitting on four parcels totaling 38,583 SF of land. Of the 17 units, 15 of them are true bungalows with private entrances, no shared walls, side-yards and backyards. 3614-3618 Pasadena Avenue is a 12,433 SF lot zoned LARAS3. The property consists of three commercial spaces and five residential units that sit above the largest tenant, currently occupied by a garment manufacturer. All commercial tenants are on a month-to-month contract. The portfolio sits directly across the street from the Heritage Square Gold Line station and is eligible for Tier 3 TOC incentives.
    Exterior Features

    Cross Streets Pasadena Avenue And Avenue 36 Lot Description 2-4 Lots Lot Size Area 51492 Other Structures None Parking Garage Uncovered Total Parking 17

    Interior Features

    Baths Total 25.00 Cooling Other Equipment Other Heating Other

    Property Features

    Assessed Total Value 2003695 Gross Income 372380 Gross Operating Income 364932 Like Units1 1 Net Operating Income 223690.00 Number Of Buildings 16 Number Of Units 25 Sale Type Standard Source Lot Size Area Assessor Total Annual Expense 141242 Type Of Units Bungalows Year Built Source Vendor Enhanced Zoning Lard1.5Lasar3

    Listing provided courtesy of Max Berger DRE# of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-27T22:42:25.753. 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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