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    1182 E 52Nd St

    Los Angeles, CA 90011
    • $1,880,000
    • STATUS: Active
    • ON SITE: 27 days
    • MLS #: 21-689916
    UPDATED: 14 min ago
    $1,880,000
    • 10
      BEDS
    • 0.4
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,490
      SQFT
    • $419
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    Eight-unit investment opportunity in the Central Alameda neighborhood of Los Angeles. This is a centrally located property in South Los Angeles with close proximity and transportation options to commute to Downtown Los Angeles and neighboring cities of Huntington Park and Vernon.The subject property offers an investor the opportunity to purchase a newly renovated turn-key community, with each unit recently gutted and featuring new flooring, countertops, stainless steel appliances, and lighting fixtures. The property consists of eight separate structures featuring two two-bedroom and six one-bedroom apartments. At the current income, the building is offered at a 5.62% cap. There are eight total parking spaces and ease of management as gas and electricity are separately metered. In addition, tenants pay for trash and there are zero common area utility expenses.The subject property is located across the street from Hooper Avenue Elementary School. Residents have many transportation options available as the property is in close proximity to the Metro A Rail Line as well as multiple Metro bus lines along Hooper Avenue and Compton Avenue. 1182 E 52nd Street is ideally located for residents to commute to employment opportunities in Downtown Los Angeles...

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-05T12:42:43.933. 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/113991720
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    1182 E 52Nd St Los Angeles, CA 90011

    • Price: $1,880,000
    • Status: Active
    • Updated: 14 min ago
    • MLS #: 21-689916
    10
    Beds
    0
    Baths
    0
    ½ Baths
    0.4
    Acres
    4,490
    SQFT
    $419
    $/SQFT
    1924
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    Eight-unit investment opportunity in the Central Alameda neighborhood of Los Angeles. This is a centrally located property in South Los Angeles with close proximity and transportation options to commute to Downtown Los Angeles and neighboring cities of Huntington Park and Vernon.The subject property offers an investor the opportunity to purchase a newly renovated turn-key community, with each unit recently gutted and featuring new flooring, countertops, stainless steel appliances, and lighting fixtures. The property consists of eight separate structures featuring two two-bedroom and six one-bedroom apartments. At the current income, the building is offered at a 5.62% cap. There are eight total parking spaces and ease of management as gas and electricity are separately metered. In addition, tenants pay for trash and there are zero common area utility expenses.The subject property is located across the street from Hooper Avenue Elementary School. Residents have many transportation options available as the property is in close proximity to the Metro A Rail Line as well as multiple Metro bus lines along Hooper Avenue and Compton Avenue. 1182 E 52nd Street is ideally located for residents to commute to employment opportunities in Downtown Los Angeles...
    Exterior Features

    Lot Size Area 17441 Other Structures None Parking Garage Driveway Total Parking 8

    Interior Features

    Baths Total 8.00 Cooking Appliances Oven-Gas Cooling Other Equipment Range/OvenRefrigerator Heating Other Laundry None

    Property Features

    Assessed Total Value 252584 Gross Income 159540 Gross Operating Income 151563 Like Units1 6 Like Units2 2 Net Operating Income 105668.00 Number Of Buildings 8 Number Of Units 8 Sale Type Standard Source Living Area Owner Source Lot Size Area Vendor Enhanced Total Annual Expense 45895 Type Of Units Bungalow Water Heaters YN Yes Year Built Source Owner Zoning Lard1.5

    Listing provided courtesy of Neema Ahadian DRE#01346750 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-05T12:42:43.933. 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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