Spacious 4 unit building in Pico/Crenshaw area of central Los Angeles, near Koreatown and Mid-Wilshire. Recent upgrades include a new roof around 4 years ago and a newer heating system. Building's current use is as a 12-room boarding house, grossing $7,606/month. There are 5 bathrooms ( 3… Read More upstairs and 2 downstairs), and two communal kitchens, one on each floor. Seller pays all utilities, which average $1,000/month for water & electricity and $500/month for gas. There are at least 5 surface parking spaces. Situated on a 7,155 SF R3 lot with Tier 3 T.O.C. zoning for future development potential. Buyer to conduct their own due diligence and verify all square footages and permits. Read Less
Property listed by Kidder Mathews of California, Inc., Darin Spillman 310-312-2800
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Beds
12
Square Ft.
3,352
Lot Size
0.16 Acres
Year Built
1910
MLS Number
25549621
30 Days Snapshot Of 90019
$1.53M
+8%
(avg) sold price
11
-8%
homes sold
58
-36%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1910, Building area total: 3,352, Levels: Two, Living area: 3352, 2 stories, 1 building
Community
Gated
Cooling
None
Heating
Central
Income
Gross income: $91,272, Net operating income: $54,763
Lot
0.1644 acres, 7,160 square feet, Size: 7,160
Parking
5 totals parking, Driveway
Property
Zoning: LAR3
Security Features
GatedCommunity
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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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