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7411 S Western Ave

Los Angeles, CA 90047
  • $1,600,000
  • STATUS: Active
  • ON SITE: 38 days
  • MLS #: 21-730584
$1,600,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,000
    SQFT
  • $267
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1951
County:

School Ratings & Info

Description

Central Los Angeles Retail Offering - Located on Western Avenue and just south of Florence Avenue, the subject property is centrally located to all major employment hubs and is very central to all of LA County. Owner-User Opportunity - With one unit delivered vacant at the close of escrow, this is an ideal owner-user opportunity. Value-Add Investment with below Market Rents & One Vacancy - The current tenant is paying a below market rent and is on month to month term with no extension. The back unit will be delivered vacant at the close of escrow. Minimal Expenses with Rental Upside - The current tenant currently is responsible for all utility cost. The landlord is responsible for property tax and insurance. The new owner can implement Absolute Net (NNN) leases with new tenants.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-18T23:42:46.717. 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/117037924
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7411 S Western Ave Los Angeles, CA 90047

  • Price: $1,600,000
  • Status: Active
  • MLS #: 21-730584
0
Beds
0
Baths
0
½ Baths
0.15
Acres
6,000
SQFT
$267
$/SQFT
1951
Built
Neighborhood:
Metropolitan Southwest
County:
Los Angeles
Area:
Metropolitan Southwest
Property Description
Central Los Angeles Retail Offering - Located on Western Avenue and just south of Florence Avenue, the subject property is centrally located to all major employment hubs and is very central to all of LA County. Owner-User Opportunity - With one unit delivered vacant at the close of escrow, this is an ideal owner-user opportunity. Value-Add Investment with below Market Rents & One Vacancy - The current tenant is paying a below market rent and is on month to month term with no extension. The back unit will be delivered vacant at the close of escrow. Minimal Expenses with Rental Upside - The current tenant currently is responsible for all utility cost. The landlord is responsible for property tax and insurance. The new owner can implement Absolute Net (NNN) leases with new tenants.
Exterior Features

Carport Spaces Total 0 Covered Parking 0 Garage Structures Total 0 Lot Location Alley Access Lot Size Area 6555 Other Structures None Parking Garage Door Opener Total Parking 0

Interior Features

Baths Total 0.00 Common Walls Attached Cooling None Equipment None Heating None Laundry None

Property Features

Assessed Total Value 202603 Gross Income 96000 Gross Operating Income 93120 Like Units1 1 Like Units2 1 Net Operating Income 67220.00 Number Of Buildings 1 Number Of Units 2 Rent Control YN No Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 25900 Type Of Units 2 Year Built Source Assessor Zoning Lac2

Listing provided courtesy of John Katnik DRE#02002695 of James Capital Advisors, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-18T23:42:46.717. 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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