6720 West

    Los Angeles (City), CA 90043
    • $1,800,000
    • STATUS: Active
    • ON SITE: 111 days
    • ID#: 18376256
    UPDATED: 28 min ago
    $1,800,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,720
      SQFT
    • $268
      $/SQFT
    Type:
    Multi-Family
    Built:
    1980
    County:

    School Ratings & Info

    Description

    Non-Rent Controlled 8-Unit Apartment Deal In The Heart Of L.A. With Ample On-Site Parking. The Building Is A 1950 Construction, However Its COO Was Established In The 1980s, And Consequently The Property Is Not Subject To Rent Control (Buyer To Verify). The $1,800 Market Rate Unit Was Recently Remodeled With Updated Kitchen, Bathroom, Etc. & Modified Layout For A 2nd Bedroom. Additional Upside For The Next Owner To Remodel The Other Units & Increase The Cashflow. The C2 Zoned Lot, Which Allows For R4 Uses (Buyer To Verify), Also has Development Potential. Located Just Minutes from The New Florence/West LA Metro Light Rail Station, Which Will Service The Crenshaw Line Upon Its Completion In 2019. The Crenshaw Line Connects The Green & Expo Lines & Will Connect To LAX. This Will Make Pacific Villas Location Extremely Attractive To Commuters & Expand The Desirability Of The Hyde Park Neighborhood. Additionally, The Property Is Less Than 2 Miles From The Hollywood Park Development.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-10T19:30:34.067. 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/86725310

    6720 West Los Angeles (City), CA 90043

    • Price: $1,800,000
    • Status: Active
    • Updated: 28 min ago
    • ID#: 18376256
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    6,720
    SQFT
    $268
    $/SQFT
    1980
    Built
    Neighborhood:
    PHHT - Park Hills Heights
    County:
    Los Angeles
    Area:
    PHHT - Park Hills Heights
    Property Description
    Non-Rent Controlled 8-Unit Apartment Deal In The Heart Of L.A. With Ample On-Site Parking. The Building Is A 1950 Construction, However Its COO Was Established In The 1980s, And Consequently The Property Is Not Subject To Rent Control (Buyer To Verify). The $1,800 Market Rate Unit Was Recently Remodeled With Updated Kitchen, Bathroom, Etc. & Modified Layout For A 2nd Bedroom. Additional Upside For The Next Owner To Remodel The Other Units & Increase The Cashflow. The C2 Zoned Lot, Which Allows For R4 Uses (Buyer To Verify), Also has Development Potential. Located Just Minutes from The New Florence/West LA Metro Light Rail Station, Which Will Service The Crenshaw Line Upon Its Completion In 2019. The Crenshaw Line Connects The Green & Expo Lines & Will Connect To LAX. This Will Make Pacific Villas Location Extremely Attractive To Commuters & Expand The Desirability Of The Hyde Park Neighborhood. Additionally, The Property Is Less Than 2 Miles From The Hollywood Park Development.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking YN Yes

    Interior Features

    Cooling None Cooling YN No Laundry Features Individual RoomSee Remarks

    Property Features

    Cap Rate 4.97 Gross Multiplier 13.39 Gross Operating Income 130368.00 Improvements Amount 385528 Insurance Expense 3678.00 Land Value 578294 Laundry YN Yes Licenses Expense 872.00 Maintenance Expense 2000.00 Net Operating Income 89441.00 Pest Control Expense 565.00 Professional Management Expense 6720.00 Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 43105.00 Trash Expense 1638.00 Water Sewer Expense 5132.00 Zoning Lac2

    Listing provided courtesy of Tia Hughes of Compass.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-10T19:30:34.067. 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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