1820 S La Brea Avenue

    Los Angeles (City), CA 90019
    • $1,900,000
    • STATUS: Active
    • ON SITE: 170 days
    • ID#: SB18151575
    UPDATED: 36 min ago
    $1,900,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,261
      SQFT
    • $303
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    JUST REDUCED $200,000!! 1820 South La Brea is a 15 Unit Investment Opportunity in Los Angeles, perfect for both seasoned and new apartment investors alike! This 6200 square foot asset has a remarkable 35% upside in potential rent and is located near the trending Lafayette Square/Mid City area, which is currently undergoing dramatic changes. The building is master metered for utilities and has well laid out, cozy units with kitchenettes - several have full kitchens. The Unit Mix consists of 5 Studio units and 10 Bachelor units, with 10 compact parking spots available for tenants. Property is located within the newly formed Opportunity Zones! See remarks for more info.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-13T15:32:31.123. 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/85004404

    1820 S La Brea Avenue Los Angeles (City), CA 90019

    • Price: $1,900,000
    • Status: Active
    • Updated: 36 min ago
    • ID#: SB18151575
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    6,261
    SQFT
    $303
    $/SQFT
    1963
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    JUST REDUCED $200,000!! 1820 South La Brea is a 15 Unit Investment Opportunity in Los Angeles, perfect for both seasoned and new apartment investors alike! This 6200 square foot asset has a remarkable 35% upside in potential rent and is located near the trending Lafayette Square/Mid City area, which is currently undergoing dramatic changes. The building is master metered for utilities and has well laid out, cozy units with kitchenettes - several have full kitchens. The Unit Mix consists of 5 Studio units and 10 Bachelor units, with 10 compact parking spots available for tenants. Property is located within the newly formed Opportunity Zones! See remarks for more info.
    Exterior Features

    Garage Spaces 8.00 Lot Features Level With StreetLot Shape-RectangularNear Public TransitPavedWalkstreet Lot Size Source Assessor Lot Size Units Square Feet Parking Total 10.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features None Levels Three Or More

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.63 Community Features CurbsSidewalksStorm DrainsStreet Lighting Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 166110.00 Gross Multiplier 11.44 Gross Scheduled Income 166110.00 Insurance Expense 0.00 Land Lease YN No Laundry YN No Net Operating Income 87963.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 73994.00 Other Expense 73994.00 Other Expense Description Contact Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 73994.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Zoning Lar3

    Listing provided courtesy of Josh Cohen of Keller Williams Beach Cities.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-13T15:32:31.123. 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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