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$ 1,200,000
Est. payment | /mo
16 Beds
8 Baths
7,694 SqFt
$ 1,200,000
Est. payment | /mo
16 Beds
8 Baths
7,694 SqFt
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 7,694 sqft
Price per Sqft $155
MLS Listing ID 25611543
Bedrooms 16
HOA Y/N No
Year Built 1928
Lot Size 10,802 Sqft
Property Description
The property for sale is a 8-unit apartment complex located at 1815 Hauser Boulevard, Los Angeles CA 90019. The subject property is located just south of Venice Boulevard and north of Washington Boulevard, west of Hauser Boulevard. The 7,694 square foot two story apartment was built in 1928 and is situated over a 10,802 square foot lot & is zoned LARD1.5. The eight-unit apartment consists entirely of 2 bedroom / 1 bathroom units. There are 8 on-site parking spots located at the back of the property. The property has approximately 54% remaining rental upside through potential unit turn over. A savvy investor can also take advantage of higher potential rents by renting to Section 8 tenants which pay higher than current market rents for Mid-City 90019 zip code. The Housing Authority of the City of Los Angeles (HACLA) voucher payment standards pays up to $2,887for 2 bedroom units. There are multiple developments that are currently underway in Mid-City and in planning stages. Mid-City is centrally located, offering unparalleled convenience in one of LA's most desirable areas. The property is near a number of restaurants, cafes, bars, grocery stores, shopping centers and spiritual centers. Mid-City is a diverse community that is being gentrified in a quiet neighborhood in the center of Los Angeles. The sub-market witnessed a relatively strong renter demand for 490 units during the past 12 months, compared to the five-year average annual renter demand for 370 units.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Covered
Total Parking Spaces 8
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5064010014
Special Listing Condition Standard
Listed by Meir Frydman Keller Williams Los Angeles
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STEVE & KRISTA: The WIDNER Team
Agent | License ID: 00680027
29811 Santa Margarita Parkway, Suite 100, Margarita, CA, 92688