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Thomas Lo
Thomas Iping Lo, Broker
626-315-8405
This 8 unit two story apartment complex is located in the heart of the mid-Wilshire area near Koreatown, Hancock Park, and downtown Los Angeles. It is situated on a quiet street and is conveniently located near markets and restaurants. The apartment complex, which consists of one 3+2, two 2+2, four 1+1, and one studio units, has on site parking and is always in high demand with very little vacancy. The current rents are low so there is potential for a significant increase in rental income. In addition, the on-site laundry facility also currently provides additional income for the owner which is about $200/month or $2,400/year and is not included in the gross schedule rent figure. The apartment, which recently has a new roof, is a low maintenance building, is easy to maintain, and is to be sold as-is present condition.
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Unit No | Unit Key | Total Bath | Total Bed | Full Bath | Half Bath |
---|---|---|---|---|---|
1 | 1041325708 | 1 | 0 | 1 | 0 |
2 | 1041325708 | 1 | 1 | 1 | 0 |
3 | 1041325708 | 1 | 1 | 1 | 0 |
4 | 1041325708 | 1 | 1 | 1 | 0 |
5 | 1041325708 | 1 | 1 | 1 | 0 |
6 | 1041325708 | 2 | 2 | 2 | 0 |
7 | 1041325708 | 2 | 2 | 2 | 0 |
8 | 1041325708 | 2 | 3 | 2 | 0 |
Water Source : Public
Sewer : Public Sewer
Roof : Asphalt,Flat
Property Appliances: Dishwasher,Disposal,Gas Range,Refrigerator
Fireplace: None
Flooring: Carpet,Wood
Wall/Window Unit(s)
Air Conditioning
Wall Furnace
Has Heating
Fireplace Features: None
Has Fireplace: 0
Year Built: 1960
Building Area Total: 6,293
Roof: Asphalt,Flat
None
Common Area
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1722
Lot Size Source: Assessor
Lot Size Square Feet: 7499
Original List Price: 2,400,000
Listing Contract Date: 2023-08-11
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5092025015
Annual Tax: 29751
Garage Description: Assigned
Lease Term: Negotiable
Tenant Pays: Electricity,Gas,Water
Source Listing Status: Active
Source Neighborhood: C17 - Mid-Wilshire
Postal Code Plus 4: 3476
Directions: West of Western Avenue, East of Wilton Avenue, South of 8th Street, North of 9th Street
Zoning: LAR3
Source Property Type: Residential Income
Area: C17 - Mid-Wilshire
Property SubType: Apartment
Property Age: 64
Common Walls: No Common Walls
Structure Type: Apartment
Year Built Source: Public Records
Entry Level: 1
Entry Location: Front
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
822 S Windsor Boulevard.., Los Angeles, CA,90005 | $799,000 | 2 | 1 | 1,290 | 8980 Sqft |
854 S Normandie Avenue, Los Angeles, CA,90005 | $4,900,000 | -- | -- | -- | 13240 Sqft |
836 S Catalina Street, Los Angeles, CA,90005 | $2,250,000 | 8 | -- | 5,322 | 7249 Sqft |
821 S Wilton Place, Los Angeles, CA,90005 | $3,985,000 | 1 | -- | 10,786 | 8999 Sqft |
837 S Berendo Street #1, Los Angeles, CA,90005 | $2,050,000 | 8 | -- | 5,732 | 7499 Sqft |
2885 Francis Avenue, Los Angeles, CA,90005 | $1,995,000 | 12 | -- | 5,846 | 8057 Sqft |
702 Crenshaw Boulevard, Los Angeles, CA,90005 | $1,950,000 | 10 | 5 | 2,691 | 10491 Sqft |
4027 Leeward Avenue, Los Angeles, CA,90005 | $1,649,000 | 4 | 2 | 2,168 | 7236 Sqft |
670 Crenshaw Boulevard, Los Angeles, CA,90005 | $1,999,000 | 8 | 5 | 4,903 | 6196 Sqft |
893 S Norton Avenue, Los Angeles, CA,90005 | $1,490,000 | 2 | 2 | 1,975 | 7914 Sqft |
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ByOwner last updated this listing 05/06/2024 @ 08:19
MLS: WS23141948
LISTED BY: THOMAS LO, Thomas Iping Lo, Broker
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.