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    1408 N Las Palmas Ave

    Los Angeles, CA 90028
    • $1,350,000
    • STATUS: Active
    • ON SITE: 84 days
    • ID#: 20-570592
    Foreclosure
    $1,350,000
    • 6
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,432
      SQFT
    • $393
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:
    Area:

    School Ratings & Info

    Description

    Price reduced by $45,000. The new asking price is $1,350,000. 1408 N Las Palmas is a lender-owned REO, six-unit apartment building situated in the Hollywood neighborhood of Los Angeles. The 1957 built property constructed of wood frame and stucco is a two-story walk-up with open parking in the rear, one parking space per unit. Units are individually metered for electricity and gas, and all of the units are one-bedrooms with one-bathroom. One unit will be delivered vacant, and five units are occupied. There is a potential to redevelop the property into either an apartment building or a small lot subdivision. According to public records the lot size is 7,145.1 square feet and the zoning is RD 1.5-1XL and situated in a TOC Tier 3 zone. Please see KTGY site study. With a Walk Score of 96, the property is within walking distance to shops, dining, entertainment, and employment opportunities. The property is situated in the Federal Designated Qualified Opportunity Zone.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-06T23:42:31.47. 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/104997126
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    1408 N Las Palmas Ave Los Angeles, CA 90028

    • Price: $1,350,000
    • Status: Active
    • ID#: 20-570592
    6
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,432
    SQFT
    $393
    $/SQFT
    1957
    Built
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    Hollywood
    Property Description
    Price reduced by $45,000. The new asking price is $1,350,000. 1408 N Las Palmas is a lender-owned REO, six-unit apartment building situated in the Hollywood neighborhood of Los Angeles. The 1957 built property constructed of wood frame and stucco is a two-story walk-up with open parking in the rear, one parking space per unit. Units are individually metered for electricity and gas, and all of the units are one-bedrooms with one-bathroom. One unit will be delivered vacant, and five units are occupied. There is a potential to redevelop the property into either an apartment building or a small lot subdivision. According to public records the lot size is 7,145.1 square feet and the zoning is RD 1.5-1XL and situated in a TOC Tier 3 zone. Please see KTGY site study. With a Walk Score of 96, the property is within walking distance to shops, dining, entertainment, and employment opportunities. The property is situated in the Federal Designated Qualified Opportunity Zone.
    Exterior Features

    Lot Size Area 7144 Other Structures None Parking Garage Parking Space Total Parking 7

    Interior Features

    Baths Total 6.00 Cooling Other Equipment Other Heating Wall

    Property Features

    Gross Income 71937 Gross Operating Income 73791 Like Units1 6 Net Operating Income 35871.00 Number Of Buildings 1 Number Of Units 6 Sale Type Real Estate Owned Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 36066 Type Of Units 6 Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Brent Sprenkle DRE#01290116 of Berkadia.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-06T23:42:31.47. 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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    Randy Plaice and Associates | RE/MAX
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    Valencia CA, 91355