846 Alandele Avenue

    Los Angeles (City), CA 90036
    • $1,950,000
    • STATUS: Active
    • ON SITE: 41 days
    • ID#: 20558760
    UPDATED: 30 min ago
    $1,950,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1950
    County:

    School Ratings & Info

    Description

    846 Alandele Avenue is a one-of-a-kind fourplex located in the Miracle Mile (90036). The offering provides investors and/or owner-occupiers a unique and rare opportunity to acquire an irreplaceable asset with meaningful rental upside in one of LA's most dynamic and stable rental markets. The asset has been thoughtfully updated and maintained by the same owners since 1962. 846 Alandele Avenue was built in 1950 and consists of 4,384 SF of improvements. The unit composition features Four (4) 2 Bedroom / 1 Bathroom apartment homes. The apartment units are large in size and average of 1,096 (+/-) square feet. The property is sited on a +/- 6,129 square foot parcel, zoned R3. Parking is provided for 4 vehicles and each of the garage spaces will be delivered vacant. Gas and electrical utilities are separately metered and paid by residents. Common area laundry facilities are provided for resident benefit. One unit will be delivered vacant at OR shortly following the close of escrow.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-09T22:33:54.503. 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 Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

    www.sellinglasouthbay.com/homes/103615929

    846 Alandele Avenue Los Angeles (City), CA 90036

    • Price: $1,950,000
    • Status: Active
    • Updated: 30 min ago
    • ID#: 20558760
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1950
    Built
    Neighborhood:
    C19 - Beverly Center-Miracle Mile
    County:
    Los Angeles
    Area:
    C19 - Beverly Center-Miracle Mile
    Property Description
    846 Alandele Avenue is a one-of-a-kind fourplex located in the Miracle Mile (90036). The offering provides investors and/or owner-occupiers a unique and rare opportunity to acquire an irreplaceable asset with meaningful rental upside in one of LA's most dynamic and stable rental markets. The asset has been thoughtfully updated and maintained by the same owners since 1962. 846 Alandele Avenue was built in 1950 and consists of 4,384 SF of improvements. The unit composition features Four (4) 2 Bedroom / 1 Bathroom apartment homes. The apartment units are large in size and average of 1,096 (+/-) square feet. The property is sited on a +/- 6,129 square foot parcel, zoned R3. Parking is provided for 4 vehicles and each of the garage spaces will be delivered vacant. Gas and electrical utilities are separately metered and paid by residents. Common area laundry facilities are provided for resident benefit. One unit will be delivered vacant at OR shortly following the close of escrow.
    Exterior Features

    Lot Size Units Square Feet Parking Features Garage Parking YN Yes

    Interior Features

    Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

    Property Features

    Gross Income 107629.00 Gross Multiplier 18.12 Gross Operating Income 105477.00 Net Operating Income 72303.00 Senior Community YN No Special Listing Conditions Standard Zoning Lar3

    Listing provided courtesy of Nick Astrupgaard of Kw Commercial Studio City and Rich Johns of Kw Commercial Studio City


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-09T22:33:54.503. 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 Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

     
    Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor
    28901 S. Western Avenue #139
    Rancho Palos Verdes CA, 90731
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