3860 W 1ST St , #1

    Los Angeles, CA 90004
    • $1,550,000
    • STATUS: Active
    • ON SITE: 40 days
    • MLS #: 20-556670
    UPDATED: 35 min ago
    $1,550,000
    • 6
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,556
      SQFT
    • $340
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1939
    County:
    Area:

    School Ratings & Info

    Description

    LOCATION! LOCATION! LOCATION! Prime location in Koreatown/Mid-Wilshire. Great opportunity for an investor. Currently property is zoned LAR3. This is a high demand area of Mid-Wilshire. Constructed in 1939, the building consists of 4 units-multifamily. The building features two 1BD/1BA, one 2BD/1BA and one 2BD/1BA with a den. A large patio with over 200+sf. Units have original decorative built in cabinetry and shelving. All units have access to a common patio and backyard. Close to all the shops, groceries, freeway, restaurants, and churches. Transportation is very close and easy access. Few minutes drive to Downtown Los Angeles, Griffith Park, and Hollywood. It is a very desirable location for day and night activities. All units are month to month. Buyer to cooperate with sellers 1031 exchange with no cost to the buyer. Property is sold as is.

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    Based on information from CRISNet MLS as of 2020-04-02T13:42:28.723. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-02T13:42:28.723. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the Conejo Simi Moorpark Association of Realtors as of 2020-04-02T13:42:28.723. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the i-Tech MLS as of 2020-04-02T13:42:28.723. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Licensed in the State of California, USA.
    www.desertarealuxuryhomes.com/homes/103426475

    3860 W 1ST St , #1 Los Angeles, CA 90004

    • Price: $1,550,000
    • Status: Active
    • Updated: 35 min ago
    • MLS #: 20-556670
    6
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    4,556
    SQFT
    $340
    $/SQFT
    1939
    Built
    Neighborhood:
    Mid-Wilshire
    County:
    Los Angeles
    Area:
    Mid-Wilshire
    Property Description
    LOCATION! LOCATION! LOCATION! Prime location in Koreatown/Mid-Wilshire. Great opportunity for an investor. Currently property is zoned LAR3. This is a high demand area of Mid-Wilshire. Constructed in 1939, the building consists of 4 units-multifamily. The building features two 1BD/1BA, one 2BD/1BA and one 2BD/1BA with a den. A large patio with over 200+sf. Units have original decorative built in cabinetry and shelving. All units have access to a common patio and backyard. Close to all the shops, groceries, freeway, restaurants, and churches. Transportation is very close and easy access. Few minutes drive to Downtown Los Angeles, Griffith Park, and Hollywood. It is a very desirable location for day and night activities. All units are month to month. Buyer to cooperate with sellers 1031 exchange with no cost to the buyer. Property is sold as is.
    Exterior Features

    Lot Size Area 5522 Other Structures None Parking Garage CarportDriveway - CombinationGarage Is AttachedTandem Pool YN No Tennis YN No Total Parking 8

    Interior Features

    Baths Total 4.00 Cooling None Den No Dining Room No Equipment MicrowaveRange/OvenRefrigerator Family Room No Heating Central

    Property Features

    Gardener Expense 1140.00 Gross Income 70632 Gross Operating Income 70632 Insurance Expense 5105.00 Land Lease Type Full Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Net Operating Income 58054.00 Number Of Buildings 1 Number Of Units 4 Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 12578 Type Of Units 4 Water Expense 3360.00 Water Heaters YN Yes Zoning Lar3

    Listing provided courtesy of Ted Alcantara DRE#01788552 of Keller Williams Downtown La and Mac Nomura CA DRE# 01977939 of Keller Williams Downtown La.


    Based on information from CRISNet MLS as of 2020-04-02T13:42:28.723. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-02T13:42:28.723. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the Conejo Simi Moorpark Association of Realtors as of 2020-04-02T13:42:28.723. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the i-Tech MLS as of 2020-04-02T13:42:28.723. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Licensed in the State of California, USA.
     
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