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    1507 Federal Ave

    Los Angeles, CA 90025
    • $7,200,000
    • STATUS: Active Under Contract
    • ON SITE: 126 days
    • ID#: 20-650446
    Under Contract
    UPDATED: 124 min ago
    $7,200,000
    • 20
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,146
      SQFT
    • $593
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:
    Area:

    School Ratings & Info

    Description

    Well kept 20 unit apartment building in Prime West Los Angeles, North of Santa Monica Blvd. situated on a large lot of over 14,000 sq. ft. with a lovely courtyard and apartments overlooking a sparkling pool. Value add opportunity, with a great mix of units. Parking for all apartments. Soft story work has not been done. One of the units might be non-conforming. Buyer to do their own investigations.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-25T23:42:28.413. 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/111262582
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    1507 Federal Ave Los Angeles, CA 90025

    • Price: $7,200,000
    • Status: Active Under Contract
    • Updated: 124 min ago
    • ID#: 20-650446
    20
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    12,146
    SQFT
    $593
    $/SQFT
    1957
    Built
    Neighborhood:
    West L.A.
    County:
    Los Angeles
    Area:
    West L.A.
    Property Description
    Well kept 20 unit apartment building in Prime West Los Angeles, North of Santa Monica Blvd. situated on a large lot of over 14,000 sq. ft. with a lovely courtyard and apartments overlooking a sparkling pool. Value add opportunity, with a great mix of units. Parking for all apartments. Soft story work has not been done. One of the units might be non-conforming. Buyer to do their own investigations.
    Exterior Features

    Carport Spaces Total 10 Lot Size Area 14011 Other Structures Other Parking Garage Built-In StorageControlled Entrance Style Mid-Century Total Parking 20

    Interior Features

    Baths Total 20.00 Cooling Ceiling FanOther Equipment CableRange/OvenRefrigerator Heating Wall Gas

    Property Features

    Assessed Total Value 5643773 Gross Income 429817 Gross Operating Income 419262 Like Units1 4 Like Units2 12 Like Units3 1 Like Units4 3 Net Operating Income 246762.00 Number Of Buildings 1 Number Of Units 20 Owner Pays Pool ServiceGardenerWater Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays Cable TvElectricity Total Annual Expense 172500 Type Of Units Apartments Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Carolyn Schneider DRE#00881530 of Miller & Desatnik Realty Co..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-25T23:42:28.413. 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 Gateway
    27720 Dickason Drive
    Valencia CA, 91355