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144 W Avenue 26

East Los Angeles, CA 90031
  • $2,100,000
  • STATUS: Active
  • ON SITE: 297 Days
  • ID#: AR22178264
$2,100,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Listing Agent(s): Amy Wang of Coldwell Banker George Realty (626-445-6660)


Description

Multifamily Investment Opportunity. The West Avenue 26 apartments: a nine (9) unit multifamily investment opportunity located in Lincoln Heights. The building is built in 1962 with 5,597 SF of living area and (9) on site parking spaces. The property features (5) one bedroom one bathroom and (4) two bedroom, 1 bathroom. Tenants enjoy the ease and comfort of being walking Distance to Nearby Parks, Schools, Shops and Restaurants off Pasadena Ave and N Broadway. The Property neighbors Boyle Heights and Highland Park, and allows easy access to Downtown Los Angeles, Dodger Stadium and USC. The property is also near the 5, 110, 101 and 10 Freeways. Upside potential in rents. "Soft Story Retrofitting" has been completed.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-06T00:27:27.573. 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 Team Forss Realty Group. Licensed in the State of California, USA.
www.teamforss.com/homes/132104114
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144 W Avenue 26 East Los Angeles, CA 90031

  • Price: $2,100,000
  • Status: Active
  • On Site: 297 Days
  • ID#: AR22178264
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1962
Built
Neighborhood:
ELA - East Los Angeles
County:
Los Angeles
Area:
ELA - East Los Angeles
Property Description
Multifamily Investment Opportunity. The West Avenue 26 apartments: a nine (9) unit multifamily investment opportunity located in Lincoln Heights. The building is built in 1962 with 5,597 SF of living area and (9) on site parking spaces. The property features (5) one bedroom one bathroom and (4) two bedroom, 1 bathroom. Tenants enjoy the ease and comfort of being walking Distance to Nearby Parks, Schools, Shops and Restaurants off Pasadena Ave and N Broadway. The Property neighbors Boyle Heights and Highland Park, and allows easy access to Downtown Los Angeles, Dodger Stadium and USC. The property is also near the 5, 110, 101 and 10 Freeways. Upside potential in rents. "Soft Story Retrofitting" has been completed.
Exterior Features

Fencing Wrought Iron Lot Features Level Number Of Separate Electric Meters 10 Parking Features Assigned Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No Road Surface Type Paved Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Gas Range Common Walls No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Flooring Tile Heating Wall Furnace Heating YN Yes Interior Features Stone Counters

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 2.67 Common Interest Community Apartment Community Features Sidewalks Disclosures Familial RelationPrincipal is Real Estate Licensed Electric Expense 2400 Fuel Expense 0 Garage YN No Gross Income 10798 Gross Scheduled Income 105588 Insurance Expense 2000 Land Lease YN Yes Laundry Features Laundry Room Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Maintenance Expense 3000 Net Operating Income 56160 New Construction YN No New Taxes Expense 25000 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Operating Expense 52000 Other Expense 4800 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN Yes Security Features Window Bars Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasTrash Collection Trash Expense 100 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 14400 Water Source Public Zoning Lard2



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-06T00:27:27.573. 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 Team Forss Realty Group. Licensed in the State of California, USA.
 
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Team Forss Realty Group
31213 Temecula Parkway
Temecula CA, 92592
Listing Agent(s): Amy Wang of Coldwell Banker George Realty (626-445-6660)