MLS Search

Listing ID 19466440
SqFt 16,152
Acres 0.203
Status Active
County Los Angeles
Year Built 1911
Property Type Rental Income
8/1/2019: UPDATED RENTAL INCOME: $344,072.70 per year/$28,672.70 per month. We are pleased to present the opportunity to acquire a 26 unit apartment building in the Downtown LA area just south of the 10 Freeway. This 3 story, 16,152 sq. ft. building resides on a 8,821 sq. ft. corner lot which consists of thirteen 1 bed/1bath units and thirteen singles. This "bread and butter" building has a tremendous 30% upside potential and is perfect for the investor looking to add more units to their portfolio at a low $161,538.00 cost per door and $260.00 cost per square foot. The building is well taken care of and all units are mastered metered allowing for 6% percent rental increases. Large 1,000 sq. ft. plus basement that can potentially be used as a laundry area. Excellent on-site management and positioned in the northwest area of the 90011 zip code.
Listing courtesy of Diane Herlofsky (01925969) from Westside Properties.
Based on information from CARETS as of Wednesday, October 16th, 2019 09:58:10 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CARETS. 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.

Contact - Listing ID 19466440

Brett Lawyer

250 N Canon Drive
Beverly Hills, CA 90210
Phone: 3108585402

Data services provided by IDX Broker