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    1319 Masselin Ave

    Los Angeles, CA 90019
    • $2,029,000
    • STATUS: Active Under Contract
    • ON SITE: 27 days
    • ID#: 20-591110
    Under Contract
    $2,029,000
    • 8
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,807
      SQFT
    • $422
      $/SQFT
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    1319 Masselin Avenue is a classic 1950'e era apartment building located in the Wilshire-Vista area of Mid-City Los Angeles. The property is on a quiet street in a very strong rental area that is close to all. It is an easy drive to West LA, Beverly Hills, Hollywood and DTLA. The building has been well maintained by the long-term owner and the Los Angeles City mandated soft-story retrofit work has been completed. Seller intends on completing a 1031 Exchange. This transaction will be coordinated with the simultaneous close of another downleg property. 6 of the units are paying an additional $38 in rent for the soft-story retrofit pass through. Please do not walk on property or disturb tenants in any way. Please see rent roll & full marketing package attached in (documents section). Please do not send text messages to listing agent for status, telephone calls are preferred.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-13T23:44:01.387. 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.randyplaice.com/homes/106906601
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    1319 Masselin Ave Los Angeles, CA 90019

    • Price: $2,029,000
    • Status: Active Under Contract
    • ID#: 20-591110
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    4,807
    SQFT
    $422
    $/SQFT
    1958
    Built
    Neighborhood:
    Beverly Center-Miracle Mile
    County:
    Los Angeles
    Area:
    Beverly Center-Miracle Mile
    Property Description
    1319 Masselin Avenue is a classic 1950'e era apartment building located in the Wilshire-Vista area of Mid-City Los Angeles. The property is on a quiet street in a very strong rental area that is close to all. It is an easy drive to West LA, Beverly Hills, Hollywood and DTLA. The building has been well maintained by the long-term owner and the Los Angeles City mandated soft-story retrofit work has been completed. Seller intends on completing a 1031 Exchange. This transaction will be coordinated with the simultaneous close of another downleg property. 6 of the units are paying an additional $38 in rent for the soft-story retrofit pass through. Please do not walk on property or disturb tenants in any way. Please see rent roll & full marketing package attached in (documents section). Please do not send text messages to listing agent for status, telephone calls are preferred.
    Exterior Features

    Covered Parking 5 Direction Faces East Exterior Construction Stucco Lot Location City Lot Size Area 5820 Other Structures None Parking Garage UncoveredCarport Roof CompositionShingle Style Mid-Century Tennis Court None Tennis YN No Total Parking 7 View Description None View YN No Water Frontage None

    Interior Features

    Baths Total 7.00 Cooling None Equipment Garbage Disposal Flooring Wood Heating Wall Laundry Community Laundry Equipment Lease Water Heater Features Central Water Heater

    Property Features

    Alley YN No Assessed Total Value 506538 Gross Income 128916 Gross Operating Income 125212 Like Units1 6 Like Units2 1 Net Operating Income 82235.00 Number Of Buildings 1 Number Of Units 7 Owner Pays WaterGardener Rent Control YN Yes Sale Type Standard Security Features None Sewer In Street Source Living Area Assessor Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Tenant Pays ElectricityGas Total Annual Expense 42977 Type Of Units Apartments Water District Year Built Source Assessor Zoning Lar2

    Listing provided courtesy of James Gilb DRE#00998653 of Miller & Desatnik Realty Co..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-13T23:44:01.387. 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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    Valencia CA, 91355