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    5218 Latham St

    Los Angeles, CA 90011
    • $1,290,000
    • STATUS: Active
    • ON SITE: 303 days
    • MLS #: 20-548096
    UPDATED: 73 min ago
    $1,290,000
    • 16
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,800
      SQFT
    • $269
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    School District:

    Description

    Price to Sell! Price Reduction! Pleased to present an 8-unit multifamily building with a great unit mix of all 2 bedrooms and 1 bathrooms in Southeast Los Angeles. Built in 1959, the property consists of approximately 4,800 SF and is situated on a 7,500 SF lot. The property is 100% occupied. This offering presents an excellent opportunity to add value and capture annual gross income in excess of 76% rental upside. OM available upon request.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-26T20:44:08.513. 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/102632507
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    5218 Latham St Los Angeles, CA 90011

    • Price: $1,290,000
    • Status: Active
    • Updated: 73 min ago
    • MLS #: 20-548096
    16
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    4,800
    SQFT
    $269
    $/SQFT
    1959
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    School District:
    Los Angeles Unified
    Property Description
    Price to Sell! Price Reduction! Pleased to present an 8-unit multifamily building with a great unit mix of all 2 bedrooms and 1 bathrooms in Southeast Los Angeles. Built in 1959, the property consists of approximately 4,800 SF and is situated on a 7,500 SF lot. The property is 100% occupied. This offering presents an excellent opportunity to add value and capture annual gross income in excess of 76% rental upside. OM available upon request.
    Exterior Features

    Building Type Attached Direction Faces West Levels Two Lot Size Area 7500 Other Structures None Parking Garage AssignedDrivewayPrivate Paved YN Yes Tennis Court None Tennis YN No Total Parking 8

    Interior Features

    Baths Total 8.00 Common Walls Attached Cooking Appliances Cooktop - GasOven-GasMicrowave Cooling Air Conditioning Equipment Range/OvenCableFreezerRefrigerator Fireplace Rooms None Flooring MixedCarpetHardwood Heating Central Laundry None

    Property Features

    Alley YN No Electric Expense 789.00 Gross Income 92449 Gross Operating Income 92449 Insurance Expense 2141.00 Land Lease Type Fee Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Maintenance Expense 4500.00 Net Operating Income 63429.00 Number Of Buildings 1 Number Of Units 8 Owner Pays Water Rent Control YN Yes Sale Type Standard Security Features GatedSmoke DetectorCarbon Monoxide Detector(S)Window BarsFire And Smoke Detection System Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays ElectricityGas Total Annual Expense 26247 Trash Expense 2230.00 Type Of Units Apartment Water Expense 3097.00 Water Heaters YN Yes Year Built Source Assessor Zoning Lar2

    Listing provided courtesy of Jacob Kesherim DRE#01928381 of Brc Advisors- Bh.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-26T20:44:08.513. 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.
     
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