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    201 S Park View St

    Los Angeles, CA 90057
    • $2,445,000
    • STATUS: Active
    • ON SITE: 112 days
    • ID#: 20-571214
    UPDATED: 28 min ago
    $2,445,000
    • 13
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,600
      SQFT
    • $679
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1927
    County:

    School Ratings & Info

    Description

    Price drop! Seller is motivated! Priced to sell at $2,445,000, this property has a 14.03 GRM and 5.47% cap rate. This 5-unit turn-key Westlake apartment complex has been renovated down to the studs and is an incredible opportunity for an investor wanting passive income. The building includes (2) 2 bedroom/1.5 bath units, (2) 3 bedroom/1.5 bath units, and (1) 3 bedroom/2 bath unit. Centrally located, the property sits around the corner from Silver Lake, Echo Park, and DTLA, and a short distance from the ever-evolving MacArthur Park and LaFayette Park areas. Being within easy reach of the Metro Red and Purple lines and minutes away from the 101,110, and 2 other freeways, this property includes 10 resident parking spaces with the potential for generating additional income. 4 of 5 tenants are on RUBS (tenants pay shared utilities) so owner has low operating costs. With every conceivable amenity within reach, this property will surely shine as the crown jewel in your investor portfolio.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-26T11:42:36.897. 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/106576502
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    201 S Park View St Los Angeles, CA 90057

    • Price: $2,445,000
    • Status: Active
    • Updated: 28 min ago
    • ID#: 20-571214
    13
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,600
    SQFT
    $679
    $/SQFT
    1927
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    Price drop! Seller is motivated! Priced to sell at $2,445,000, this property has a 14.03 GRM and 5.47% cap rate. This 5-unit turn-key Westlake apartment complex has been renovated down to the studs and is an incredible opportunity for an investor wanting passive income. The building includes (2) 2 bedroom/1.5 bath units, (2) 3 bedroom/1.5 bath units, and (1) 3 bedroom/2 bath unit. Centrally located, the property sits around the corner from Silver Lake, Echo Park, and DTLA, and a short distance from the ever-evolving MacArthur Park and LaFayette Park areas. Being within easy reach of the Metro Red and Purple lines and minutes away from the 101,110, and 2 other freeways, this property includes 10 resident parking spaces with the potential for generating additional income. 4 of 5 tenants are on RUBS (tenants pay shared utilities) so owner has low operating costs. With every conceivable amenity within reach, this property will surely shine as the crown jewel in your investor portfolio.
    Exterior Features

    Building Type Attached Carport Spaces Total 0 Covered Parking 5 Cross Streets Beverly Blvd And 3rd Direction Faces East Entry Location Ground Level W/Steps Garage Structures Total 1 Levels Two Lot Description 5 + Lots Lot Location City Lot Size Area 7507 Other Structures None Parking Garage Garage - 4+ CarParking SpaceUnassignedUncovered Paved YN Yes Pool Description None Pool YN No Style Traditional Total Parking 10 View Description City View YN Yes Water Frontage None

    Interior Features

    Bathroom Features Low Flow Shower(S)Low Flow Toilet(S)RemodeledShower And Tub Baths Total 7.00 Bedroom Features All Bedrooms DownAll Bedrooms Up Common Walls Attached Cooking Appliances Free Standing GasRangeRange Hood Cooling Air ConditioningCentral Den No Dining Room No Equipment DishwasherDryerGarbage DisposalHood FanRange/OvenRefrigeratorStackable W/D HookupWasherWater Line To Refrigerator Family Room No Fireplace Rooms None Flooring HardwoodLaminate Heating Central Interior Features Common WallsDetached/No Common WallsTurnkey Kitchen Features Open To Family RoomRemodeledTile Counters Laundry In Unit Laundry Equipment Own Rooms Living Room Water Heater Features Tankless Windows Bay WindowDouble Pane Windows

    Property Features

    ADACompliance No Alley YN No Garage Income 450.00 Gardener Expense 2100.00 Gross Income 174240 Gross Operating Income 174240 Insurance Expense 3500.00 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Maintenance Expense 2500.00 Net Operating Income 133800.00 Number Of Buildings 2 Number Of Units 5 Owner Pays GardenerWater Property Condition Updated/Remodeled Rent Control YN Yes Sale Type Standard Security Features None Sewer In Connected And Paid Source Living Area Assessor Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityGasWaterTrash Collection Total Annual Expense 40440 Type Of Units Multifamily Water DistrictMeter On Property Water Expense 3000.00 Water Heaters YN Yes Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Will Tiao DRE#01918965 of Tiao Properties, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-26T11:42:36.897. 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
    27720 Dickason Drive
    Valencia CA, 91355