2005 S La Salle Avenue

    Los Angeles (City), CA 90018
    • $2,190,000
    • STATUS: Active
    • ON SITE: 14 days
    • ID#: 19525472
    UPDATED: 40 min ago
    $2,190,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,586
      SQFT
    • $333
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:

    School Ratings & Info

    Description

    Unique opportunity to own this positive income generating property. Located minutes away from USC, Korea Town, DTLA and Mid-Wilshire lies an amazing opportunity to own a NON RENT CONTROLLED Multi Unit Residential Income Property. The main front house is NEWLY REMODELED and boasts 11 bedrooms with 4full baths. Two of the bedrooms have individual access from the outside. The main living area has a very large living room and an upgraded kitchen. The main house features plenty of rent-able rooms. Great for Airbnb or Student housing. The back building consists of 5 UNITS CURRENTLY BEING RENTD BELLOW MARKET RENTS. One unit is 2 bedroom, 2 baths. 3 units consist of 1 bedroom 1 bath each and 1 unit is a small studio. The property is in great condition, ready to be taken over and start generating income from day one. PRIVATE SHOWINGS ONLY! This complex it currently fully occupied do not disturb tenants. Please see private remarks for info on setting up showings.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-14T12:30:20.533. 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 Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.
    www.sellinglasouthbay.com/homes/100414043

    2005 S La Salle Avenue Los Angeles (City), CA 90018

    • Price: $2,190,000
    • Status: Active
    • Updated: 40 min ago
    • ID#: 19525472
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    6,586
    SQFT
    $333
    $/SQFT
    1910
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    Unique opportunity to own this positive income generating property. Located minutes away from USC, Korea Town, DTLA and Mid-Wilshire lies an amazing opportunity to own a NON RENT CONTROLLED Multi Unit Residential Income Property. The main front house is NEWLY REMODELED and boasts 11 bedrooms with 4full baths. Two of the bedrooms have individual access from the outside. The main living area has a very large living room and an upgraded kitchen. The main house features plenty of rent-able rooms. Great for Airbnb or Student housing. The back building consists of 5 UNITS CURRENTLY BEING RENTD BELLOW MARKET RENTS. One unit is 2 bedroom, 2 baths. 3 units consist of 1 bedroom 1 bath each and 1 unit is a small studio. The property is in great condition, ready to be taken over and start generating income from day one. PRIVATE SHOWINGS ONLY! This complex it currently fully occupied do not disturb tenants. Please see private remarks for info on setting up showings.
    Exterior Features

    Lot Size Source Estimated Lot Size Units Square Feet Parking Features Assigned Parking YN Yes

    Interior Features

    Cooling None Cooling YN No Laundry Features See Remarks

    Property Features

    Cap Rate 7.90 Gross Multiplier 11.41 Gross Operating Income 191880.00 Improvements Amount 339528 Land Value 679060 Laundry YN Yes Net Operating Income 151880.00 Special Listing Conditions Standard Total Expenses 40000.00 Zoning Lard2

    Listing provided courtesy of Kellen Moriarty of Real Estate Ebroker Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-14T12:30:20.533. 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 Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.
     
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