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5403 Blackwelder St

Los Angeles, CA 90016
  • $1,765,000
  • STATUS: Active Under Contract
  • ON SITE: 36 days
  • MLS #: 21-753212
Under Contract
UPDATED: 33 min ago
$1,765,000
  • 12
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,159
    SQFT
  • $287
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1961
County:

School Ratings & Info

Description

Opportunity knocks! 7 unit apartment building in a West Adams opportunity zone and just blocks to trendy Culver city. Culver City is quickly becoming an extension of the Silicon Beach tech hub. Also conveniently located between downtown LA and the Westside beaches as well as easy 10 freeway access and the expo line La Cienega station. This property has a great unit mix comprised of Three 2 bed 1 bath, Two 2 bed 1 bath and Two 1 bed 1 bath units. Each unit has very spacious and open living rooms with some updating throughout. Updates include kitchen counters with quartz/granite and wood/vinyl flooring. The building features laundry hookups, large rear yard space with many possibilities, two private balconies and a common area courtyard. There 6 parking spots with the potential of doubling that by creating tandem parking. The explosive area growth includes many new home developments, restaurants, coffee shops, bars and office space. With current trends and a 34% upside in rental income, this makes a excellent investment opportunity!

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-03T23:42:33.353. 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/118797861
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5403 Blackwelder St Los Angeles, CA 90016

  • Price: $1,765,000
  • Status: Active Under Contract
  • Updated: 33 min ago
  • MLS #: 21-753212
12
Beds
0
Baths
0
½ Baths
0.17
Acres
6,159
SQFT
$287
$/SQFT
1961
Built
Neighborhood:
Mid Los Angeles
County:
Los Angeles
Area:
Mid Los Angeles
Property Description
Opportunity knocks! 7 unit apartment building in a West Adams opportunity zone and just blocks to trendy Culver city. Culver City is quickly becoming an extension of the Silicon Beach tech hub. Also conveniently located between downtown LA and the Westside beaches as well as easy 10 freeway access and the expo line La Cienega station. This property has a great unit mix comprised of Three 2 bed 1 bath, Two 2 bed 1 bath and Two 1 bed 1 bath units. Each unit has very spacious and open living rooms with some updating throughout. Updates include kitchen counters with quartz/granite and wood/vinyl flooring. The building features laundry hookups, large rear yard space with many possibilities, two private balconies and a common area courtyard. There 6 parking spots with the potential of doubling that by creating tandem parking. The explosive area growth includes many new home developments, restaurants, coffee shops, bars and office space. With current trends and a 34% upside in rental income, this makes a excellent investment opportunity!
Exterior Features

Covered Parking 5 Cross Streets Jefferson And Hauser Direction Faces South Exterior Construction Hard Coat Levels Two Lot Description FencedBack Yard Lot Location None Lot Size Area 7200 Other Structures None Parking Garage CarportDriveway Patio Features None Pool Description None Pool YN No Roof Flat Spa None Spa YN No Sprinklers None Style Mid-Century Tennis Court None Total Parking 6 View Description None View YN No Water Frontage None

Interior Features

Bathroom Features Low Flow Toilet(S) Baths Total 10.00 Common Walls Attached Cooking Appliances Gas/Electric Range Cooling None Equipment CableRange/OvenRecirculated Exhaust FanRefrigerator Fireplace Rooms None Flooring LaminateHardwoodTileCarpet Foundation Details Slab Heating Wall Laundry Laundry Area Water Heater Features Gas

Property Features

Alley YN No Amenities None Assessed Total Value 681056 Disability Access None Gross Income 600 Gross Operating Income 120492 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 69463.00 Number Of Buildings 1 Number Of Units 7 Owner Pays ElectricityGasWater Property Condition Repair Cosmetic Rent Control YN Yes Sale Type Standard Security Features Window BarsCarbon Monoxide Detector(S)Smoke Detector Sewer In Connected And Paid Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityGas Total Annual Expense 51029 Type Of Units Apartment Water Meter On PropertyPublic Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Anthony Ridino DRE#01954598 of Propertycloud.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-03T23:42:33.353. 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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