Skip To Content

    445 W 70th St

    Los Angeles, CA 90003
    • $2,535,000
    • STATUS: Active
    • ON SITE: 122 days
    • MLS #: 21-677642
    UPDATED: 69 min ago
    $2,535,000
    • 18
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,289
      SQFT
    • $273
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2011
    County:

    School Ratings & Info

    Description

    Constructed in 2011, the property consists entirely of well-appointed three bedroom townhomes, each above its own private two-car garage. Offered at an attractive 4.25% current CAP Rate, this building provides an investor with a recently-constructed, high-end asset that still generates a strong, stable cash flow. Each spacious floorplan includes three bedrooms and two- and-a-half bathrooms within more than 1,500 square feet. Tenants are attracted to the in-unit washer/dryers, granite countertops, central air/heat, fireplaces, walk-in closets, and high ceilings. Every apartment includes its own private balcony, private patio, breakfast bars, and tile flooring in the kitchen and entryway. A private two-car garage is attached to each unit, offering direct entry to the apartment. Each unit features its own individual water heater, while the entire premises are guarded by a security camera system.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-11T18:42:50.9. 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.
    www.desertarealuxuryhomes.com/homes/113109338
    Print Image

    445 W 70th St Los Angeles, CA 90003

    • Price: $2,535,000
    • Status: Active
    • Updated: 69 min ago
    • MLS #: 21-677642
    18
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    9,289
    SQFT
    $273
    $/SQFT
    2011
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    Constructed in 2011, the property consists entirely of well-appointed three bedroom townhomes, each above its own private two-car garage. Offered at an attractive 4.25% current CAP Rate, this building provides an investor with a recently-constructed, high-end asset that still generates a strong, stable cash flow. Each spacious floorplan includes three bedrooms and two- and-a-half bathrooms within more than 1,500 square feet. Tenants are attracted to the in-unit washer/dryers, granite countertops, central air/heat, fireplaces, walk-in closets, and high ceilings. Every apartment includes its own private balcony, private patio, breakfast bars, and tile flooring in the kitchen and entryway. A private two-car garage is attached to each unit, offering direct entry to the apartment. Each unit features its own individual water heater, while the entire premises are guarded by a security camera system.
    Exterior Features

    Lot Size Area 14197 Other Structures None Parking Garage Garage Is Attached Total Parking 0

    Interior Features

    Baths Total 12.00 Cooling Air Conditioning Equipment Other Heating Central

    Property Features

    Assessed Total Value 1491199 Gross Income 181200 Gross Operating Income 175764 Like Units1 6 Net Operating Income 107973.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 67791 Type Of Units Residential Year Built Source Vendor Enhanced Zoning Lac2

    Listing provided courtesy of Roderick 'Rick' Raymundo DRE#01357019 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-11T18:42:50.9. 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.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-677642-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-677642-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-677642-2.jpg
    Logo
    The Sandi Phillips Team | Compass
    74199 El Paseo, Suite 200
    Palm Desert CA, 92260