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Key Details
Sold Price $2,250,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR24068900
Year Built 1961
Lot Size 7,801 Sqft
Property Description
This property is located in an excellent location, walking distance to Target, transportation, restaurants and many more. Consists of eight units, seven units are 2 bedrooms and 1 bath, and the other unit is 1 bedroom and 1 bath. Individual gas meter and brand-new electrical circuit breaker for each unit. Building exterior was freshly painted last month. New 100-gallon water heater was installed in 2020. Easy commute to DTLA and surrounding areas, buyers and their representatives are responsible to do their own inspections and due diligence to verify and satisfy themselves with all city compliances, restrictions and guidelines of the property. Rents are currently below market, market rents are estimated to be $2,500 for 2 bedrooms and 1 bath, and $2,000 for 1 bedroom and 1 bath. The Gross schedule income, vacancy allowance and net operating income are based on estimation only, not actual numbers. Don't miss this great investment opportunity! Do not disturb tenants, drive by only! Offer subject to inspection. Owner is motivated, submit offers.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LARD2
Interior
Fireplaces Type None
Laundry Laundry Room
Exterior
Parking Features Carport
Pool None
Community Features Street Lights, Sidewalks
Building
Lot Description Back Yard
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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Bought with Elijah Korobkin • Central Realty Advisors Inc