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321 N Bixel St

Los Angeles, CA 90026
  • $4,995,000
  • STATUS: Active Under Contract
  • ON SITE: 50 Days
  • MLS #: 21-110805
Under Contract
UPDATED: 21 min ago
$4,995,000
  • 7
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,939
    SQFT
  • $720
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2020
County:

School Ratings & Info

Description

321 N. Bixel Street, a collection of newly constructed modern units offering unparalleled views of the DTLA skyline and condo-quality finishes. This stabilized trophy asset is NOT SUBJECT TO RENT CONTROL, generates $300K+ in annual gross income and features stellar tenant profiles with high-income producing jobs. Situated just South of Temple St, the subject property is comprised of (7) townhome-style lofts with private rooftop patios offering stellar views of DTLA and (2) ground-floor studios with private courtyards. Please note, 7 of 9 units were leased during the COVID pandemic, assuring future investors the property will continue to attract rental interest, even during challenging times. Developed to exceed the needs of high-income professionals, these condo-quality units feature cutting-edge smart home technology, stainless-steel appliances, quartz countertops, recessed lighting and in-unit washer and dryer. Additionally, the property features gated entry and nine covered parking spaces.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-28T10:42:33.93. 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/123861076
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321 N Bixel St Los Angeles, CA 90026

  • Price: $4,995,000
  • Status: Active Under Contract
  • On Site: 50 Days
  • Updated: 21 min ago
  • MLS #: 21-110805
7
Beds
0
Baths
0
½ Baths
N/A
Acres
6,939
SQFT
$720
$/SQFT
2020
Built
Neighborhood:
Silver Lake - Echo Park
County:
Los Angeles
Area:
Silver Lake - Echo Park
Property Description
321 N. Bixel Street, a collection of newly constructed modern units offering unparalleled views of the DTLA skyline and condo-quality finishes. This stabilized trophy asset is NOT SUBJECT TO RENT CONTROL, generates $300K+ in annual gross income and features stellar tenant profiles with high-income producing jobs. Situated just South of Temple St, the subject property is comprised of (7) townhome-style lofts with private rooftop patios offering stellar views of DTLA and (2) ground-floor studios with private courtyards. Please note, 7 of 9 units were leased during the COVID pandemic, assuring future investors the property will continue to attract rental interest, even during challenging times. Developed to exceed the needs of high-income professionals, these condo-quality units feature cutting-edge smart home technology, stainless-steel appliances, quartz countertops, recessed lighting and in-unit washer and dryer. Additionally, the property features gated entry and nine covered parking spaces.
Exterior Features

Covered Parking 9 Lot Size Area 7000 Other Structures None Parking Garage Side By SideCovered Parking Style Modern Total Parking 9 View Description City View YN Yes

Interior Features

Baths Total 9.00 Common Walls Attached Cooling Central Equipment Built-InsCableDishwasherDryerRange/OvenRefrigeratorWasher Fireplace Rooms None Flooring Wood Heating Central Laundry In Unit

Property Features

Gross Income 315252 Gross Operating Income 305794 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 4 Like Units5 1 Like Units6 1 Net Operating Income 209828.00 Number Of Buildings 1 Number Of Units 9 Rent Control YN No Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Assessor Total Annual Expense 95967 Type Of Units Lofts Year Built Source Assessor Zoning Lacw

Listing provided courtesy of Kenny Stevens DRE#01090251 of Compass.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-28T10:42:33.93. 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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