Thank you
Edmond Khudyan
Coldwell Banker Hallmark
818-476-3000
10 UNIT BUILT 1995. ACROSS FROM KEDREN COMMUNITY AND HEALTH CARE CLINC. THE AREA HAS IMPROVED SUBSTANTIALLY AND CONTINUING TO IMPROVE YEAR BY YEAR. LARGE UNITS WITH 18 TANDEM PARKING. 3 UNITS ARE 15% BELOW MARKET RENTS. RARE VACANCIES. CAPITAL IMPROVEMENTS IN 2023. CURRENTLY 5.81 CAP & 6.49 CAP AS OF OCT 1, 2024 RENT INCREASE. SEE ATTACHED SAPPLEMENTS. $290K PER UNIT & $300 PSF, BELOW REPLACEMENT COST. IN 2019, THE PROPERTY WAS APPRAISED BY MALAGA BANK @ $2.8M WHEN THE GROSS RENT WAS @ $208K. PLEASE DO NOT DISTURB THE TENANTS. LISTING AGENT IS THE OWNER. LAUNDRY ROOM HAS W/D HOOK UP READY FOR NEW LAUNDRY MACHINES. RENTS WILL INCREASE BY $1,624 ($19,488 ANNUALLY) EFFECTIVE OCT 1, 2024.
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Water Source : Public
Sewer : Sewer Tap Paid
Year Built: 1995
Building Area Total: 9,746
None
Electric Dryer Hookup,Gas Dryer Hookup,Laundry Room
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.2746
Lot Size Source: Assessor
Lot Size Square Feet: 11960
Original List Price: 2,899,000
Listing Contract Date: 2024-03-20
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5115006035
Garage Description: Assigned,Tandem,Uncovered
Lease Term: Negotiable
Tenant Pays: Cable TV,Electricity,Gas
Source Listing Status: Active Under Contract
Source Neighborhood: C42 - Downtown L.A.
Postal Code Plus 4: 5600
Directions: South of 42nd st. East of 110
Zoning: LAC2
Source Property Type: Residential Income
Area: C42 - Downtown L.A.
Property SubType: Apartment
Property Age: 29
Common Walls: 2+ Common Walls
Structure Type: Apartment
Year Built Source: Assessor
Entry Level: 1
Entry Location: Street
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
Residential Income, Los Angeles, CA,90011 | $990,000 | 6 | -- | 2,302 | 4400 Sqft |
606 E 51st Street, Los Angeles, CA,90011 | $1,400,000 | 6 | -- | 2,870 | 9937 Sqft |
876 -876 1/2 E 41st Place, Los Angeles, CA,90011 | $739,900 | 6 | 3 | 2,112 | 6250 Sqft |
4725 Compton Avenue, Los Angeles, CA,90011 | $450,000 | 2 | 1 | 1,029 | 2731 Sqft |
851 E 32nd Street, Los Angeles, CA,90011 | $675,000 | -- | -- | 2,400 | 5230 Sqft |
802 E. 25th Street, Los Angeles, CA,90011 | $824,999 | 5 | 1 | 2,026 | 163437120 Sqft |
2808 Maple Avenue, Los Angeles, CA,90011 | $650,000 | 2 | -- | 1,072 | 4800 Sqft |
209 E 31st Street, Los Angeles, CA,90011 | $675,000 | 2 | 1 | 1,028 | 6280 Sqft |
461 E 30th Street, Los Angeles, CA,90011 | $775,000 | -- | -- | 3,097 | 6244 Sqft |
1598 E 46th Street, Los Angeles, CA,90011 | $700,000 | -- | -- | 1,794 | 5257 Sqft |
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ByOwner last updated this listing 05/17/2024 @ 22:02
MLS: GD24056505
LISTED BY: Edmond Khudyan, Coldwell Banker Hallmark
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.