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    S Address Not Published St

    Los Angeles, CA 90006
    • $2,000,000
    • STATUS: Active
    • ON SITE: 57 days
    • MLS #: 21-676916
    $2,000,000
    • 8
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,200
      SQFT
    • $476
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:
    Area:

    School Ratings & Info

    Description

    Charming 8-unit Spanish Colonial Revival property in the heart of Koreatown with WalkScore of 94. All units are 1BR/1BA townhouse-style with own entrances. Great value-add income property or flip. Five (5) units are vacant, have been updated and ready for lease up or sale. Detached 3-car garage provides a great opportunity to build 2 additional units (ADUs). Seller can provide building plans ($20k value). Property has been approved for TIC unit sales and has a DRE White Public Report ($30K value) allowing the new owner to sell residential TIC interests which are estimated to be valued at $300,000 to $350,000 per unit.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-04T23:42:27.877. 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/113054535
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    S Address Not Published St Los Angeles, CA 90006

    • Price: $2,000,000
    • Status: Active
    • MLS #: 21-676916
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    4,200
    SQFT
    $476
    $/SQFT
    1923
    Built
    Neighborhood:
    Mid-Wilshire
    County:
    Los Angeles
    Area:
    Mid-Wilshire
    Property Description
    Charming 8-unit Spanish Colonial Revival property in the heart of Koreatown with WalkScore of 94. All units are 1BR/1BA townhouse-style with own entrances. Great value-add income property or flip. Five (5) units are vacant, have been updated and ready for lease up or sale. Detached 3-car garage provides a great opportunity to build 2 additional units (ADUs). Seller can provide building plans ($20k value). Property has been approved for TIC unit sales and has a DRE White Public Report ($30K value) allowing the new owner to sell residential TIC interests which are estimated to be valued at $300,000 to $350,000 per unit.
    Exterior Features

    Lot Size Area 4201 Other Structures Other Parking Garage Garage - 3 CarGarage Is DetachedDirect Entrance Total Parking 6

    Interior Features

    Baths Total 8.00 Cooling Window Unit(S) Equipment MicrowaveRange/OvenCableRefrigeratorGarbage DisposalCeiling Fan Heating Wall Gas

    Property Features

    Assessed Total Value 1568922 Gross Income 141912 Gross Operating Income 134816 Like Units1 8 Net Operating Income 89624.00 Number Of Buildings 2 Number Of Units 8 Sale Type Standard Source Living Area Owner Source Lot Size Area Assessor Tenant Pays GasElectricity Total Annual Expense 45193 Type Of Units 1 Bedroom Year Built Source Vendor Enhanced Zoning Lar4

    Listing provided courtesy of Basil Starr DRE#01999884 of Equity Real Estate-Los Angeles.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-04T23:42:27.877. 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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    74199 El Paseo, Suite 200
    Palm Desert CA, 92260