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W Address Not Published St

Los Angeles, CA 90016
  • $2,395,000
  • STATUS: Active Under Contract
  • ON SITE: 141 Days
  • ID#: 22-124627
Under Contract
UPDATED: 48 min ago
$2,395,000
  • 12
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,190
    SQFT
  • $461
    $/SQFT
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Four of the six units have been completely remodeled with brand new electrical, plumbing, and mechanical. These units are completely sub-metered for gas, electrical and water -- resulting in an extremely low utility expense which is rare in the Los Angeles market. Due to the extent of the renovations, the expense profile of the property is extremely low, and will allow for strong cash flow immediately. In addition, there are currently plans to add an ADU to the property which will allow the new owner to immediately capitalize on additional income.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-06-24T23:43:02.24. 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/125369324
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W Address Not Published St Los Angeles, CA 90016

  • Price: $2,395,000
  • Status: Active Under Contract
  • On Site: 141 Days
  • Updated: 48 min ago
  • ID#: 22-124627
12
Beds
0
Baths
0
½ Baths
0.15
Acres
5,190
SQFT
$461
$/SQFT
Neighborhood:
Mid Los Angeles
County:
Los Angeles
Area:
Mid Los Angeles
Property Description
Four of the six units have been completely remodeled with brand new electrical, plumbing, and mechanical. These units are completely sub-metered for gas, electrical and water -- resulting in an extremely low utility expense which is rare in the Los Angeles market. Due to the extent of the renovations, the expense profile of the property is extremely low, and will allow for strong cash flow immediately. In addition, there are currently plans to add an ADU to the property which will allow the new owner to immediately capitalize on additional income.
Exterior Features

Lot Size Area 6375 Other Structures None Parking Garage AssignedDriveway Total Parking 7

Interior Features

Baths Total 8.00 Cooling Wall Unit(S) Equipment Garbage DisposalMicrowaveDishwasher Heating Wall

Property Features

Assessed Total Value 1237691 Gross Income 161760 Gross Operating Income 161760 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Like Units5 5 Like Units6 6 Net Operating Income 129943.00 Number Of Buildings 2 Number Of Units 6 Sale Type Standard Source Living Area Estimated Source Lot Size Area Estimated Tenant Pays GasElectricity Total Annual Expense 31817 Type Of Units Market Zoning Lard2

Listing provided courtesy of Andres Diaz DRE#01956479 of Keller Williams Downtown La.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-06-24T23:43:02.24. 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