Price reduced by $100,000. Bring all Offers. The Landis Canyon Apartments is a 4-unit, canyon-facing property built in 1987, consisting of four large 3BR/2BA units situated on a 0.21-acre flat lot in the highly desirable 92104 zip code. The asset offers stabilized market rents with current income of… Read More approximately $11,400/month, along with architectural plans in place to add two additional units (2BR/2BA + 3BR/3BA), projected to generate an additional ~$7,000/month. The property is centrally located between the 805 and 15 freeways, within close proximity to North Park, South Park, and Normal Heights. Tenants benefit from walkable access to retail, dining, and entertainment, while the large unit sizes appeal to both families—due to nearby schools and conveniences—and young professionals seeking an urban lifestyle Read Less
Property listed by Marcus & Millichap, Thomas McCartin 310-259-7556
Listing Snapshot
Days Online
22
Last Updated
Year Built
1987
MLS Number
260017219SD
Additional Details
Building
Built in 1987, 1 building, 2 stories, Levels: Two
Community
Park Name: Cherokee Point
Cooling
Zoned
Fence
Partial
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $137,820, Net Operating Income: $89,357
Roof
Composition
Taxes
Parcel Number: 4476412900
Tenant Pays
CableTv, Electricity, Gas, TrashCollection
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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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