8,572 Sqft Lot
8,572 Sqft Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26185581
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1921
Lot Size 8,572 Sqft
Property Sub-Type Apartment
Property Description
Pride of ownership with three 2024-2026 upgraded units in upscale architectural and design features and amenities. No expense was spared in upgrading the three units to Architectural Digest standards. New plumbing, new electrical in two units and partial new electrical in one unit, new flooring, new kitchen and bath fixtures. Owner user for one unit and long term hold with income from rentals with potential for a future redevelopment for multifamily project (to be verified with City of Los Angeles). Five units will be delivered vacant. Buyer will be able to rent the vacant units at market or start plans for a redevlopment without the extreme cost of relocating tenants.
All income and expenses are estimated and proforma based on the renovated upgraded units and market rents for such units. Building will be delivered with five vacant units. Buyer to perform its own due diligence. Broker does not warranty any of the information. Broker has not verified any of the information nor will broker verify any of the information.
Vacant units can be rented at market rents of up to $2,800 for the one bedroom units and up to $3,650 for the two bedroom units. Four detached garages that can produce additional rental income of $150 each. As five units will be delivered vacant, the GRM is based on proforma future tenancy. The unit sizes are approximate.
Zoning information gathered from ZMAS - ZI-2374 State Enterprise Zone: Los Angeles - R3-1XL ZI-2427 Freeway Adjacent Advisory Notice for Sensitive Uses - ZI-2452 Transit Priority Area in the City of Los Angeles - ZI-2512 Housing Element Sites - General Plan land use - Medium residential.
Buyer to verify All information provided above. Broker, owner or any other representative of the owner has not verified nor will verify any of the information. Buyer to perform its due diligence with its own experts.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Interior
Interior Features Ceiling Fan(s), Multiple Staircases, Quartz Counters
Cooling Wall/Window Unit(s)
Fireplaces Type Dining Room, Electric, Gas, Kitchen, Living Room, Primary Bedroom
Fireplace Yes
Laundry Washer Hookup, Inside
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Sidewalks
Utilities Available Cable Available, Electricity Available, Natural Gas Available
Total Parking Spaces 4
Private Pool No
Building
Lot Description Level, Near Public Transit, Street Level
Story 2
Sewer Public Sewer
Architectural Style Mediterranean
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5537018013
Energy Description 500.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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Agent | License ID: 00680027
29811 Santa Margarita Parkway, Suite 100, Margarita, CA 92688