501 Loma Drive

    Los Angeles (City), CA 90017
    • $1,490,000
    • STATUS: Active
    • ON SITE: 4 days
    • MLS #: 20567060
    New On Site 4 Days Ago
    UPDATED: 48 min ago
    $1,490,000
    • 7
      BEDS
    • 0.19
      ACRES
    • 7
      BATHS
    • 0
      1/2 BATHS
    • 5,237
      SQFT
    • $285
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1939
    County:

    School Ratings & Info

    Description

    501 South Loma Drive is a 7-unit multifamily property. Built in 1939, the property was constructed of low-density pre-war style architecture with a two-story, walk-up structure with plenty of character. The property is situated across from a Los Angeles Police Department Headquarters. Units offer walk-in closets, hardwood floors, built-in cabinetry and large windows. All units have private garages, and most have front and rear entrances. The unit-mix contains six one-bedrooms with one-bathroom and one unit that is a one-bedroom with one-bathroom and a den that features French doors off a large balcony. All units are individually metered for gas and electricity. Two units to be delivered vacant at close-of-escrow. A very early-stage project for 36-units was started. The property location is ideally zoned LAR4 and situated in a Transit Oriented Communities (TOC) Tier 3 zone. Buyer to perform their own due diligence and investigations into this investment offering.

    Monthly Payment Calculator



    Based on information from CRISNet MLS as of 2020-03-31T21:42:52.777. 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 2020-03-31T21:42:52.777. 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 2020-03-31T21:42:52.777. 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 2020-03-31T21:42:52.777. 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/104544839

    501 Loma Drive Los Angeles (City), CA 90017

    • Price: $1,490,000
    • Status: Active
    • Updated: 48 min ago
    • MLS #: 20567060
    7
    Beds
    7
    Baths
    0
    ½ Baths
    0.19
    Acres
    5,237
    SQFT
    $285
    $/SQFT
    1939
    Built
    Neighborhood:
    Downtown L.A. (C42)
    County:
    Los Angeles
    Area:
    Downtown L.A. (C42)
    Property Description
    501 South Loma Drive is a 7-unit multifamily property. Built in 1939, the property was constructed of low-density pre-war style architecture with a two-story, walk-up structure with plenty of character. The property is situated across from a Los Angeles Police Department Headquarters. Units offer walk-in closets, hardwood floors, built-in cabinetry and large windows. All units have private garages, and most have front and rear entrances. The unit-mix contains six one-bedrooms with one-bathroom and one unit that is a one-bedroom with one-bathroom and a den that features French doors off a large balcony. All units are individually metered for gas and electricity. Two units to be delivered vacant at close-of-escrow. A very early-stage project for 36-units was started. The property location is ideally zoned LAR4 and situated in a Transit Oriented Communities (TOC) Tier 3 zone. Buyer to perform their own due diligence and investigations into this investment offering.
    Exterior Features

    Parking Spaces Total 7 Parking Type Garage

    Interior Features

    Appliances None Cooling Type Wall Unit(S) Heating Type Wall Heater Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Partially Unit Furnished03 Partially Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bed01 1

    Property Features

    Adjusted Gross Income 97380.00 Assessed Improvement Value 302382.00 Assessed Land Value 707283.00 Cap Rate 3.71 Country United States Of America Expense Total Annual 42160.00 Gross Operating Income 99031.00 Gross Rent Multiplier 14.85 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Vendor Enhanced Net Operating Income 55220.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 1179.00 Unit Projected Total Monthly Rent01 11200.00 Unit Total Monthly Rent01 8252.00 Unit Type01 7 Units Total In Complex 7 Zoning Lar4

    Listing provided courtesy of Brent Sprenkle DRE#01290116 of Berkadia.


    Based on information from CRISNet MLS as of 2020-03-31T21:42:52.777. 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 2020-03-31T21:42:52.777. 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 2020-03-31T21:42:52.777. 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 2020-03-31T21:42:52.777. 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.
     
    The Sandi Phillips Team | Compass
    74199 El Paseo, Suite 200
    Palm Desert CA, 92260