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    312 N Avenue 50

    Los Angeles, CA 90042
    • $1,175,000
    • STATUS: Closed
    • ON SITE: 55 days
    • ID#: 20-590280
    Sold - 07/29/2020
    $1,175,000
    SOLD - 07/29/2020
    • 5
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,548
      SQFT
    • $461
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1906
    County:

    School Ratings & Info

    Description

    Public Remarks: This is one of the best multi-family opportunities in all of NELA right now. First, it has been thoroughly and meticulously renovated by the owner himself both inside and out, and is, quite simply, a work of art. Secondly, it is priced at a level where one can actually have some modest cash flow, even with the 3 bed unit currently running at below market. Whenever that unit goes vacant, it will increase in cash flow tremendously, raising the cap rate to 5.8! Thirdly, if one is looking for a multi-family where they would live in one of the units and defray their mortgage with the income from the other two, this is probably one of the most perfect scenarios for that model. The 3 bed 3 bath unit in front is spacious and beautiful, and the two singles (both at market rents) in the rear are detached from it and do not encroach on it at all. Plus, there's plenty of parking for all 3 units and the whole property is so private it sets up like an 'urban oasis!' Come check it out

    Sold by Bobby Macik BRE#01881308 of Compass.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-08-07T09:42:24.507. 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/106825538
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    312 N Avenue 50 Los Angeles, CA 90042

    • Price: $1,149,000
    • Status: Closed
    • Updated: 12 min ago
    • ID#: 20-590280
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    2,548
    SQFT
    $461
    $/SQFT
    1906
    Built
    Neighborhood:
    Highland Park
    County:
    Los Angeles
    Area:
    Highland Park
    Property Description
    Public Remarks: This is one of the best multi-family opportunities in all of NELA right now. First, it has been thoroughly and meticulously renovated by the owner himself both inside and out, and is, quite simply, a work of art. Secondly, it is priced at a level where one can actually have some modest cash flow, even with the 3 bed unit currently running at below market. Whenever that unit goes vacant, it will increase in cash flow tremendously, raising the cap rate to 5.8! Thirdly, if one is looking for a multi-family where they would live in one of the units and defray their mortgage with the income from the other two, this is probably one of the most perfect scenarios for that model. The 3 bed 3 bath unit in front is spacious and beautiful, and the two singles (both at market rents) in the rear are detached from it and do not encroach on it at all. Plus, there's plenty of parking for all 3 units and the whole property is so private it sets up like an 'urban oasis!' Come check it out
    Exterior Features

    Lot Size Area 6521 Other Structures None Parking Garage CarportDrivewayGated Total Parking 6

    Interior Features

    Baths Total 6.00 Cooling None Equipment DishwasherGarbage DisposalMicrowaveRange/OvenRefrigerator Heating Central

    Property Features

    Assessed Total Value 444882 Gross Income 72720 Gross Operating Income 72720 Like Units1 1 Like Units2 1 Like Units3 1 Net Operating Income 50904.00 Number Of Buildings 2 Number Of Units 3 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 21816 Type Of Units 3 Year Built Source Assessor Zoning Lar1

    Listing provided courtesy of Ken Shapiro DRE#01881308 of Silverwood Properties.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-08-07T09:42:24.507. 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