1601 Greenfield Avenue

    Los Angeles (City), CA 90025
    • $2,601,000
    • STATUS: Closed
    • ON SITE: 141 days
    • ID#: 18359640
    Sold - 08/20/2018
    $2,601,000
    SOLD - 08/20/2018
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,223
      SQFT
    • $498
      $/SQFT
    Type:
    Multi-Family
    Built:
    1952
    County:

    School Ratings & Info

    Description

    Nice 6 unit bldg North of Santa Monica Blvd. Expenses are estimated at 35% including new property taxes. Rents for 2 vacant units being remodeled are projected. Remodel will be finished within 2 weeks. All other rents shown are actual. Four single garages plus 2 driveway parking. Vacant unit #4 is an upstairs 1 bed 1 bath w/ rent projected at $2,400. Unit # 1 is a downstairs 2 bed 1 bath w/private patio & laundry w/ rent projected at $3,200. Actual rents shown do not show July increases which seller has mailed. Soft Story retrofit is required by the City & notice has been received by seller dated 10/13/17 compliance date is 10/13/19. Seller will not do soft story retrofit so price offer accordingly. It is the intent of the seller to affect a 1031 exchange w/ the sale of property. No showings. Inside only w/ accepted offer.Rent Roll attached under documents.

    Sold by Craig Ashley of Core Real Estate Group.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T07:31:47.517. 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/85106853

    1601 Greenfield Avenue Los Angeles (City), CA 90025

    • Price: $2,790,000
    • Status: Closed
    • Updated: 23 min ago
    • ID#: 18359640
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    5,223
    SQFT
    $498
    $/SQFT
    1952
    Built
    Neighborhood:
    C05 - Westwood - Century City
    County:
    Los Angeles
    Area:
    C05 - Westwood - Century City
    Property Description
    Nice 6 unit bldg North of Santa Monica Blvd. Expenses are estimated at 35% including new property taxes. Rents for 2 vacant units being remodeled are projected. Remodel will be finished within 2 weeks. All other rents shown are actual. Four single garages plus 2 driveway parking. Vacant unit #4 is an upstairs 1 bed 1 bath w/ rent projected at $2,400. Unit # 1 is a downstairs 2 bed 1 bath w/private patio & laundry w/ rent projected at $3,200. Actual rents shown do not show July increases which seller has mailed. Soft Story retrofit is required by the City & notice has been received by seller dated 10/13/17 compliance date is 10/13/19. Seller will not do soft story retrofit so price offer accordingly. It is the intent of the seller to affect a 1031 exchange w/ the sale of property. No showings. Inside only w/ accepted offer.Rent Roll attached under documents.
    Exterior Features

    Lot Size Units Square Feet

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features CommunitySee Remarks

    Property Features

    Cap Rate 3.60 Gross Multiplier 17.90 Gross Operating Income 155857.00 Improvements Amount 312285 Land Value 605706 Laundry YN Yes Net Operating Income 101000.00 Special Listing Conditions Standard Total Expenses 0.00 Zoning Lar3

    Listing provided courtesy of David Putnam of Berkshire Hathaway Homeservice.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T07:31:47.517. 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.
     
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