4801 S 2ND Avenue

    Los Angeles (City), CA 90043
    • $3,450,000
    • STATUS: Active
    • ON SITE: 10 days
    • ID#: 20580902
    UPDATED: 46 min ago
    $3,450,000
    • 0
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1912
    County:

    School Ratings & Info

    Description

    Rare mixed-use property, 12 apartments over 5 street front retail and commercial spaces. Gated parking lot for approx 13 cars. Situated on 13,000 SF corner lot, this low density property is the only large mixed-use property in the immediate area. Wood frame and stucco construction. The entire Exterior of the building is freshly painted, Parking area has been re surfaced. All units have separate electric meters, Gas is master meter. The apartment unit mix consists of 3 - 2 Bedroom one Bath, 4 - one-Bedroom one Bath and 5 units are Studios-one bath. Onsite manager unit does not include in rent roll, big upside! Updated Electric Panels, New Water Heater, NO Soft Story Retrofit needed- Just got clearance from the city.The property is located in a federal qualified ENTERPRISE ZONE / EMPLOYMENT AND ECONOMIC INCENTIVE PROGRAM AREA (EZ), West Adams- Community Plan Implementation Zone

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-30T11:25:17.04. 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 RE/MAX Empire Properties. Licensed in the State of California, USA.

    www.inlandempiresold.com/homes/106038091

    4801 S 2ND Avenue Los Angeles (City), CA 90043

    • Price: $3,450,000
    • Status: Active
    • Updated: 46 min ago
    • ID#: 20580902
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    1912
    Built
    Neighborhood:
    PHHT - Park Hills Heights
    County:
    Los Angeles
    Area:
    PHHT - Park Hills Heights
    Property Description
    Rare mixed-use property, 12 apartments over 5 street front retail and commercial spaces. Gated parking lot for approx 13 cars. Situated on 13,000 SF corner lot, this low density property is the only large mixed-use property in the immediate area. Wood frame and stucco construction. The entire Exterior of the building is freshly painted, Parking area has been re surfaced. All units have separate electric meters, Gas is master meter. The apartment unit mix consists of 3 - 2 Bedroom one Bath, 4 - one-Bedroom one Bath and 5 units are Studios-one bath. Onsite manager unit does not include in rent roll, big upside! Updated Electric Panels, New Water Heater, NO Soft Story Retrofit needed- Just got clearance from the city.The property is located in a federal qualified ENTERPRISE ZONE / EMPLOYMENT AND ECONOMIC INCENTIVE PROGRAM AREA (EZ), West Adams- Community Plan Implementation Zone
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Uncovered Parking YN Yes

    Property Features

    Gross Income 215736.00 Gross Multiplier 15.90 Gross Operating Income 215736.00 Insurance Expense 6300.00 Net Operating Income 190524.00 New Taxes Expense 17856.00 Senior Community YN No Special Listing Conditions Standard Total Actual Rent 215736.00 Total Expenses 25212.00 Trash Expense 5532.00 Vacancy Allowance Rate 0.00 Water Sewer Expense 9120.00 Zoning Lac2

    Listing provided courtesy of Ofer Halimi of Keller Williams Realty Encino-Sherman Oa


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-30T11:25:17.04. 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 RE/MAX Empire Properties. Licensed in the State of California, USA.

     
    RE/MAX Empire Properties
    street
    Hemet CA, 92545