Beautiful, Prideful and very well maintained & remodeled rental property with 21 creative Studio units in very close proximity to many shops and restaurants in the rapidly changing Pico Union area just West of Downtown LA! Nearly all units have been beautifully remodeled and the entire building is light,… Read More bright with a creative energy about it. 3 units will be delivered VACANT at close of escrow. New carpeting being installed in all hallways and also has newer roof. This area has been increasingly sought after by tenants for close proximity to Korea Town, Downtown LA and mass transit. Seller financing is a possibility. This is a great investment building with BIG upside potential and returns! Market rents for each of the 3 vacant residential units is $1,900 Max. Building Unit Breakdown: 18 Residential and 3 Commercial Retail (ALL REGULAR LEASES - NO Triple Net Leases!). Read Less
Property listed by Christie's International Real Estate SoCal, Randy A. Wright 424-249-7162
Listing Snapshot
Days Online
11
Last Updated
Property Type
Other
Beds
20
Square Ft.
10,948
Lot Size
0.14 Acres
Year Built
1923
MLS Number
25520527
30 Days Snapshot Of 90006
$733k
-10%
(avg) sold price
4
0%
homes sold
50
-21%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
GasOven, Refrigerator
Building
Built in 1923, Building area total: 10,948, Levels: Two, Living area: 10948, 2 stories, 1 building, Architectural style: Spanish, Construction materials: Brick
Cooling
WallWindowUnits
Fireplaces
None
Floors
Carpet
Heating
WallFurnace
Income
Gross income: $317,916, Net operating income: $207,260
Interior Features
HighCeilings
Laundry
CommonArea
Lot
0.1444 acres, 6,289 square feet, Size: 6,289
Parking
None
Pool
None
Property
Zoning: LAC2, None, CityLights
Tenant Pays
CableTv, Electricity, Gas
Windows
Blinds
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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