2925 S Western Avenue

    Los Angeles (City), CA 90018
    • $1,790,000
    • STATUS: Active
    • ON SITE: 111 days
    • ID#: 19492844
    UPDATED: 40 min ago
    $1,790,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,718
      SQFT
    • $205
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    LAC2 Zoning. 80 Ft x 95 Ft. Started RTI Process for 18 Units Residential Building. 13 x Studios, 4 x 1 Bedrooms, 1 x 2 Bed 1 Bath. 2 units are designated as low-income units. Expected Gross Rent Income of $403,200. Cap Rate 4.7 = $6,000,000 price tag. Great Up & Coming Area. Corner lot for ease Construction. SELLER MAY SELL PRIOR TO RTI WITH DISCOUNT. ONCE IN A LIFETIME OPPORTUNITY!!

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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/97287570

    2925 S Western Avenue Los Angeles (City), CA 90018

    • Price: $1,790,000
    • Status: Active
    • Updated: 40 min ago
    • ID#: 19492844
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    8,718
    SQFT
    $205
    $/SQFT
    1924
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    LAC2 Zoning. 80 Ft x 95 Ft. Started RTI Process for 18 Units Residential Building. 13 x Studios, 4 x 1 Bedrooms, 1 x 2 Bed 1 Bath. 2 units are designated as low-income units. Expected Gross Rent Income of $403,200. Cap Rate 4.7 = $6,000,000 price tag. Great Up & Coming Area. Corner lot for ease Construction. SELLER MAY SELL PRIOR TO RTI WITH DISCOUNT. ONCE IN A LIFETIME OPPORTUNITY!!
    Exterior Features

    Lot Size Units Square Feet Parking Features Other Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 4.70 Gross Multiplier 14.88 Gross Operating Income 403200.00 Improvements Amount 0 Land Lease YN No Land Value 367200 Laundry YN Yes Net Operating Income 282240.00 Special Listing Conditions Standard Total Expenses 120960.00 Zoning Lac2

    Listing provided courtesy of Bruce Lee of Dream Realty Asset Mgt, Inc. and Max Lee of


    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.
     
    Keller Williams Realty, LA Harbor
    28901 S. Western Avenue #139
    Rancho Palos Verdes CA, 90731