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    2205 Clyde Ave

    Los Angeles, CA 90016
    • $1,300,000
    • STATUS: Active
    • ON SITE: 9 days
    • MLS #: 21-694058
    UPDATED: 18 min ago
    $1,300,000
    • 5
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,599
      SQFT
    • $361
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1947
    County:

    School Ratings & Info

    Description

    The RCRE Group of RE/MAX Commercial proud to present "Adams Arts 4", a 4 unit apartment community located near the trending West Adams / Culver Arts District.Stylish and chic, "Adams Arts 4" has many upgrades and is well maintained. 3 units are 1 bed + 1 bath and the rear unit upstairs is a large 2 + 2. All but the front unit has been recently renovated making for excellent upside opportunity with the final turnover. Additionally, the garages are large and present an easy build opportunity for a 5th ADU unit. As a passive investment, the projected 5 year IRR (internal rate of return) is estimated to be 21% year over year! With the last unit turnover your returns could far exceed this. With the exterior and major systems in excellent condition, a new owner just needs to come in with a down payment and some reserves for the future. With pricing set at compelling economic metrics, this property should be an easy deal to buy, an easy deal to own, and an easy deal to win with!

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-28T22:42:20.17. 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/114317105
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    2205 Clyde Ave Los Angeles, CA 90016

    • Price: $1,300,000
    • Status: Active
    • Updated: 18 min ago
    • MLS #: 21-694058
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,599
    SQFT
    $361
    $/SQFT
    1947
    Built
    Neighborhood:
    Mid Los Angeles
    County:
    Los Angeles
    Area:
    Mid Los Angeles
    Property Description
    The RCRE Group of RE/MAX Commercial proud to present "Adams Arts 4", a 4 unit apartment community located near the trending West Adams / Culver Arts District.Stylish and chic, "Adams Arts 4" has many upgrades and is well maintained. 3 units are 1 bed + 1 bath and the rear unit upstairs is a large 2 + 2. All but the front unit has been recently renovated making for excellent upside opportunity with the final turnover. Additionally, the garages are large and present an easy build opportunity for a 5th ADU unit. As a passive investment, the projected 5 year IRR (internal rate of return) is estimated to be 21% year over year! With the last unit turnover your returns could far exceed this. With the exterior and major systems in excellent condition, a new owner just needs to come in with a down payment and some reserves for the future. With pricing set at compelling economic metrics, this property should be an easy deal to buy, an easy deal to own, and an easy deal to win with!
    Exterior Features

    Lot Description 2-4 Lots Lot Size Area 6997 Other Structures None Parking Garage Garage - 3 CarDriveway Paved YN Yes Style Garden Home Total Parking 6

    Interior Features

    Baths Total 5.00 Cooling Air Conditioning Equipment Ceiling FanDishwasherDryerGarbage DisposalFreezerIce MakerMicrowaveWasherRefrigeratorRange/Oven Heating Wall

    Property Features

    Alley YN No Assessed Total Value 752620 Gross Income 87300 Gross Operating Income 84681 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 58541.00 Number Of Buildings 1 Number Of Units 4 Property Condition Updated/Remodeled Rent Control YN Yes Sale Type Standard Source Living Area Other Source Lot Size Area Vendor Enhanced Total Annual Expense 26140 Type Of Units Residential Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Scott Rosenberg DRE#01456686 of Re/Max Estate Properties.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-28T22:42:20.17. 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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