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    2619 Pennsylvania Ave

    Los Angeles, CA 90033
    • $1,795,000
    • STATUS: Active
    • ON SITE: 14 days
    • ID#: 20-631268
    UPDATED: 51 min ago
    $1,795,000
    • 7
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,598
      SQFT
    • $390
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    100% Vacant 6-unit building + 1 potential ADU. Value Add Fixer in the Hot Boyle Heights area just minutes away from DTLA and Arts District. Huge upside to 9% Cap Rate and 8 GRM after renovations. Large units with potential to reconfigure the layouts to create additional beds and baths to a more favorable unit mix and maximize rents. Building is only a 6 minute walk to the metro station, and has a walk score of 93 making it convenient for shopping and employment. Individually metered for Gas & Electricity and includes 3 Garages with alley access and ADU potential. Rent roll on MLS is projected as building is 100% vacant.

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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/109924026
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    2619 Pennsylvania Ave Los Angeles, CA 90033

    • Price: $1,795,000
    • Status: Active
    • Updated: 51 min ago
    • ID#: 20-631268
    7
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    4,598
    SQFT
    $390
    $/SQFT
    1963
    Built
    Neighborhood:
    Boyle Heights
    County:
    Los Angeles
    Area:
    Boyle Heights
    Property Description
    100% Vacant 6-unit building + 1 potential ADU. Value Add Fixer in the Hot Boyle Heights area just minutes away from DTLA and Arts District. Huge upside to 9% Cap Rate and 8 GRM after renovations. Large units with potential to reconfigure the layouts to create additional beds and baths to a more favorable unit mix and maximize rents. Building is only a 6 minute walk to the metro station, and has a walk score of 93 making it convenient for shopping and employment. Individually metered for Gas & Electricity and includes 3 Garages with alley access and ADU potential. Rent roll on MLS is projected as building is 100% vacant.
    Exterior Features

    Lot Size Area 5419 Other Structures None Parking Garage Garage Patio Features None Paved YN Yes Pool Description None Pool YN No Spa None Spa YN No Total Parking 6

    Interior Features

    Baths Total 6.00 Cooling Wall/Window Equipment Hood Fan Foundation Details None Heating Wall

    Property Features

    Alley YN Yes Assessed Total Value 111490 Gross Income 204204 Gross Operating Income 204204 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 161788.00 Number Of Buildings 1 Number Of Units 6 Owner Pays WaterGardener Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityGas Total Annual Expense 36290 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Hooman Emanuel DRE#01200237 of Keller Williams Studio City.


    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