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Listing ID 19466440
Price$4,200,000
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.
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Contact - Listing ID 19466440

Brett Lawyer

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

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