1131 N Avenue 56

    Los Angeles (City), CA 90042
    • $1,650,000
    • STATUS: Active
    • ON SITE: 5 days
    • ID#: 18413742
    New On Site 5 Days Ago
    UPDATED: 70 min ago
    $1,650,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,800
      SQFT
    • $589
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1993
    County:

    School Ratings & Info

    Description

    We are excited to announce 1131 N Avenue 56, Los Angeles - A stellar 4 unit property in Highland Park! Constructed in 1993, this building is non-rent control, which is incredibly difficult to find in the area. Within walking distance of some of Highland Park's hottest and trendiest spots, including Cafe De Leche, Tacos Le Estrella, Donut Friend, Town Pizza, Highland Cafe, The York, and Sonny's Hideaway, this is an investment opportunity not to be missed!Additionally, there is a local post office, playground & easy bus and transit access surrounding the property. From working professionals and students, to families just starting off, the property provides an attractive living opportunity for the area's demographics. Comprised of 4 (four) 2 bedroom, 1 bathroom units, each with 2 private parking spaces, this investment property proves to be a spacious place to live in a highly desired area, boasting some of LA's top walk and transit scores.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-11T23:28:21.913. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.impactca.com/homes/89901787

    1131 N Avenue 56 Los Angeles (City), CA 90042

    • Price: $1,650,000
    • Status: Active
    • Updated: 70 min ago
    • ID#: 18413742
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,800
    SQFT
    $589
    $/SQFT
    1993
    Built
    Neighborhood:
    632 - Highland Park
    County:
    Los Angeles
    Area:
    632 - Highland Park
    Property Description
    We are excited to announce 1131 N Avenue 56, Los Angeles - A stellar 4 unit property in Highland Park! Constructed in 1993, this building is non-rent control, which is incredibly difficult to find in the area. Within walking distance of some of Highland Park's hottest and trendiest spots, including Cafe De Leche, Tacos Le Estrella, Donut Friend, Town Pizza, Highland Cafe, The York, and Sonny's Hideaway, this is an investment opportunity not to be missed!Additionally, there is a local post office, playground & easy bus and transit access surrounding the property. From working professionals and students, to families just starting off, the property provides an attractive living opportunity for the area's demographics. Comprised of 4 (four) 2 bedroom, 1 bathroom units, each with 2 private parking spaces, this investment property proves to be a spacious place to live in a highly desired area, boasting some of LA's top walk and transit scores.
    Exterior Features

    Lot Size Units Square Feet Parking Features Private Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 4.10 Electric Expense 580.00 Gross Multiplier 16.27 Gross Operating Income 98358.00 Improvements Amount 250000 Insurance Expense 1400.00 Land Value 725000 Laundry YN Yes Maintenance Expense 4563.00 Net Operating Income 67703.00 Special Listing Conditions Standard Total Expenses 30655.00 Water Sewer Expense 3352.00 Zoning Lard2

    Listing provided courtesy of Benjamin J. Hsiang of Realty Investment Advisors, In.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-11T23:28:21.913. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Impact Real Estate
    28693 Old Town Front St #300-C
    Temecula CA, 92590