1601 S Van Ness Avenue

    Los Angeles (City), CA 90019
    • $2,800,000
    • STATUS: Active
    • ON SITE: 26 days
    • ID#: 19514734
    $2,800,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,566
      SQFT
    • $370
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:

    School Ratings & Info

    Description

    This is a fantastic opportunity to own a well maintained 10 Unit building! Located in Arlington Heights, one most desirable part of Los Angeles, in the coveted 90019 zip code. Just minutes from downtown Los Angels in one direction and the west side in the other. The building maintains 100% occupancy with below market rents, which means that there is tremendous upside. The owner recently added a motorized gate, new facia, new rain gutters and new paint to the exterior. There is a new development planned for the property next door which will bring new capital into the immediate location. All units are 1 bedroom and 1 bathroom. It is located in a great area and has ample parking and a separate laundry room.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T00:33:43.89. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/99346104

    1601 S Van Ness Avenue Los Angeles (City), CA 90019

    • Price: $2,800,000
    • Status: Active
    • ID#: 19514734
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    7,566
    SQFT
    $370
    $/SQFT
    1949
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    This is a fantastic opportunity to own a well maintained 10 Unit building! Located in Arlington Heights, one most desirable part of Los Angeles, in the coveted 90019 zip code. Just minutes from downtown Los Angels in one direction and the west side in the other. The building maintains 100% occupancy with below market rents, which means that there is tremendous upside. The owner recently added a motorized gate, new facia, new rain gutters and new paint to the exterior. There is a new development planned for the property next door which will bring new capital into the immediate location. All units are 1 bedroom and 1 bathroom. It is located in a great area and has ample parking and a separate laundry room.
    Exterior Features

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

    Interior Features

    Appliances None Appliances YN No Cooling Wall/Window Unit(S) Cooling YN Yes Laundry Features None

    Property Features

    Gross Multiplier 20.00 Gross Operating Income 136332.00 Improvements Amount 420361 Land Value 600519 Laundry YN No Net Operating Income 129998.00 Special Listing Conditions Standard Total Expenses 6334.00 Zoning Lard2

    Listing provided courtesy of Shelley Brown of B.Smth Real Estate Group and Barrington Malcolm of Keller Williams Encino-Sherman Oaks


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T00:33:43.89. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
     
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