Address Not Available By Request

    Los Angeles (City), CA 90043
    • $3,150,000
    • STATUS: Active
    • ON SITE: 24 days
    • MLS #: 20559832
    UPDATED: 56 min ago
    $3,150,000
    • 15
      BEDS
    • 0.26
      ACRES
    • 15
      BATHS
    • 0
      1/2 BATHS
    • 7,900
      SQFT
    • $399
      $/SQFT
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    We are pleased to present this 14 unit apartment complex located in the Hyde Park submarket of Los Angeles. The building was constructed in 1964 and contains approximately 7,900 square feet. It is situated on an 11,349 square foot lot that is zoned LAR3, gated and protected by remote control acces. The unit mix consists of 1-2 Bedroom 2 Bath unit, 5-1 Bedroom units and 8-Spacious Studios. All of the units are separately metered for gas and electricity. Per owner, approximately 10 of the 14 units have been updgraded with Granite Counters and Laminate Flooring. The units passed the LAHD inspection in 2019. Also, the Seismic Retrofit work has been completed. The site is conveniently located within walking distance of the Florence-West Boulevard Metro depot. It is also within a couple of miles of the Hollywood Park Entertainment Complex and SoFi Stadium. This is a great opportunity to acquire a well maintained property in an up and coming location. Please do not walk on the property.

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    Based on information from CRISNet MLS as of 2020-03-30T11:43:33.457. 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.

    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-03-30T11:43:33.457. 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.

    Based on information from the Conejo Simi Moorpark Association of Realtors as of 2020-03-30T11:43:33.457. 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.

    Based on information from the i-Tech MLS as of 2020-03-30T11:43:33.457. 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.

    Licensed in the State of California, USA.
    www.jelmbergteam.com/homes/103886858

    Address Not Available By Request Los Angeles (City), CA 90043

    • Price: $3,150,000
    • Status: Active
    • Updated: 56 min ago
    • MLS #: 20559832
    15
    Beds
    15
    Baths
    0
    ½ Baths
    0.26
    Acres
    7,900
    SQFT
    $399
    $/SQFT
    1964
    Built
    Neighborhood:
    Park Hills Heights (PHHT)
    County:
    Los Angeles
    Area:
    Park Hills Heights (PHHT)
    Property Description
    We are pleased to present this 14 unit apartment complex located in the Hyde Park submarket of Los Angeles. The building was constructed in 1964 and contains approximately 7,900 square feet. It is situated on an 11,349 square foot lot that is zoned LAR3, gated and protected by remote control acces. The unit mix consists of 1-2 Bedroom 2 Bath unit, 5-1 Bedroom units and 8-Spacious Studios. All of the units are separately metered for gas and electricity. Per owner, approximately 10 of the 14 units have been updgraded with Granite Counters and Laminate Flooring. The units passed the LAHD inspection in 2019. Also, the Seismic Retrofit work has been completed. The site is conveniently located within walking distance of the Florence-West Boulevard Metro depot. It is also within a couple of miles of the Hollywood Park Entertainment Complex and SoFi Stadium. This is a great opportunity to acquire a well maintained property in an up and coming location. Please do not walk on the property.
    Exterior Features

    Parking Spaces Total 15 Parking Type Carport

    Interior Features

    Appliances None Cooling Type None Heating Type Wall Heater Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Unfurnished Unit Furnished06 Unfurnished Unit Furnished07 Unfurnished Unit Furnished08 Unfurnished Unit Furnished09 Unfurnished Unit Furnished10 Unfurnished Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bath04 1.0 Unit Number Of Bath05 1.0 Unit Number Of Bath06 2.0 Unit Number Of Bath07 1.0 Unit Number Of Bath08 1.0 Unit Number Of Bath09 1.0 Unit Number Of Bath10 1.0 Unit Number Of Bath11 1.0 Unit Number Of Bed01 1 Unit Number Of Bed02 1 Unit Number Of Bed03 0 Unit Number Of Bed04 0 Unit Number Of Bed05 0 Unit Number Of Bed06 2 Unit Number Of Bed07 1 Unit Number Of Bed08 1 Unit Number Of Bed09 0 Unit Number Of Bed10 0 Unit Number Of Bed11 0

    Property Features

    Adjusted Gross Income 207768.00 Assessed Improvement Value 323781.00 Assessed Land Value 215268.00 Cap Rate 4.27 Country United States Of America Expense Total Annual 69077.00 Gross Operating Income 203613.00 Gross Rent Multiplier 15.16 Hoa YN N Legal Disclosures Take Property As IsRent Control Lot Size Source Public Records Net Operating Income 134536.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 1442.00 Unit Monthly Rent02 1188.00 Unit Monthly Rent03 738.00 Unit Monthly Rent04 1258.00 Unit Monthly Rent05 1092.00 Unit Monthly Rent06 2027.00 Unit Monthly Rent07 1668.00 Unit Monthly Rent08 1004.00 Unit Monthly Rent09 1264.00 Unit Monthly Rent10 1339.00 Unit Monthly Rent11 794.00 Unit Projected Total Monthly Rent01 1668.00 Unit Projected Total Monthly Rent02 1668.00 Unit Projected Total Monthly Rent03 1339.00 Unit Projected Total Monthly Rent04 1339.00 Unit Projected Total Monthly Rent05 1339.00 Unit Projected Total Monthly Rent06 2027.00 Unit Projected Total Monthly Rent07 1668.00 Unit Projected Total Monthly Rent08 1668.00 Unit Projected Total Monthly Rent09 1339.00 Unit Projected Total Monthly Rent10 1339.00 Unit Projected Total Monthly Rent11 1339.00 Unit Total Monthly Rent01 1442.00 Unit Total Monthly Rent02 1188.00 Unit Total Monthly Rent03 738.00 Unit Total Monthly Rent04 1258.00 Unit Total Monthly Rent05 1092.00 Unit Total Monthly Rent06 2027.00 Unit Total Monthly Rent07 1668.00 Unit Total Monthly Rent08 1004.00 Unit Total Monthly Rent09 1339.00 Unit Total Monthly Rent10 1339.00 Unit Total Monthly Rent11 794.00 Unit Type01 2 Unit Type02 1 Unit Type03 1 Unit Type04 1 Unit Type05 1 Units Total In Complex 14 Zoning Lar3

    Listing provided courtesy of Jerome McAlpin DRE#00939725 of Mcalpin & Company.


    Based on information from CRISNet MLS as of 2020-03-30T11:43:33.457. 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.

    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-03-30T11:43:33.457. 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.

    Based on information from the Conejo Simi Moorpark Association of Realtors as of 2020-03-30T11:43:33.457. 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.

    Based on information from the i-Tech MLS as of 2020-03-30T11:43:33.457. 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.

    Licensed in the State of California, USA.
     
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