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    Address Not Available By Request

    Los Angeles (City), CA 90006
    • $2,000,000
    • STATUS: Active
    • ON SITE: 11 days
    • MLS #: 21676916
    UPDATED: 67 min ago
    $2,000,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,200
      SQFT
    • $476
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    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 California Regional Multiple Listing Service, Inc. as of 2021-01-19T07:26:55.783. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/113091798
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    Address Not Available By Request Los Angeles (City), CA 90006

    • Price: $2,000,000
    • Status: Active
    • Updated: 67 min ago
    • MLS #: 21676916
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    4,200
    SQFT
    $476
    $/SQFT
    1923
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - 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 Source Assessor Lot Size Units Square Feet Parking Features Garage - Three DoorDirect Garage Access Parking YN Yes

    Interior Features

    Appliances DisposalMicrowaveRefrigerator Appliances YN Yes

    Property Features

    Country Us Gross Income 141912.00 Gross Multiplier 14.60 Gross Operating Income 134816.00 Net Operating Income 89624.00 Senior Community YN No Special Listing Conditions Standard Tenant Pays GasElectricity Total Expenses 45193.00 Zoning Lar4

    Listing provided courtesy of Basil Starr of Equity Real Estate-Los Angeles


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-19T07:26:55.783. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
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