1836 Arlington Avenue

    Los Angeles (City), CA 90019
    • $1,839,000
    • STATUS: Active
    • ON SITE: 65 days
    • ID#: SR19192226
    UPDATED: 194 min ago
    $1,839,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,410
      SQFT
    • $417
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:

    School Ratings & Info

    Description

    BOM!!! BACK ON MARKET / BUYER COULDN'T QUALIFY. DON'T MISS THIS GREAT 1031 EXCHANGE OPTION WITH 25% to 35% DOWN. RE- BUILT IN 2017, the ARLINGTON APARTMENTS, is a 4,410 SF 4 unit apartment building located in the gentrifying Arlington Heights neighborhood of Los Angeles. ARLINGTON APARTMENTS was re-built (exception of roof) in 2017 with permits. With over $10,000 in monthly income, ARLINGTON APARTMENTS positions itself to offer an investor a stabilized fourplex at an in-place 4.98% CAP RATE with flexible financing options. This well located fourplex has great street visibility and finds itself located near an abundance of amenities and businesses. Easy access to the 10 FWY and DTLA add an additional touch of convenience. The property offers central A/C, in-unit laundry, tank-less water heaters, and 8 surface parking spaces (no soft story retrofit required). Lines were run to separate the water/sewer and only meters are needed to complete the process. Don't miss out on this stabilized investment opportunity with financing options such as 25% down for leverage or 35% down for cash flow.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-17T00:35:15.083. 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/97867163

    1836 Arlington Avenue Los Angeles (City), CA 90019

    • Price: $1,839,000
    • Status: Active
    • Updated: 194 min ago
    • ID#: SR19192226
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    4,410
    SQFT
    $417
    $/SQFT
    1910
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    BOM!!! BACK ON MARKET / BUYER COULDN'T QUALIFY. DON'T MISS THIS GREAT 1031 EXCHANGE OPTION WITH 25% to 35% DOWN. RE- BUILT IN 2017, the ARLINGTON APARTMENTS, is a 4,410 SF 4 unit apartment building located in the gentrifying Arlington Heights neighborhood of Los Angeles. ARLINGTON APARTMENTS was re-built (exception of roof) in 2017 with permits. With over $10,000 in monthly income, ARLINGTON APARTMENTS positions itself to offer an investor a stabilized fourplex at an in-place 4.98% CAP RATE with flexible financing options. This well located fourplex has great street visibility and finds itself located near an abundance of amenities and businesses. Easy access to the 10 FWY and DTLA add an additional touch of convenience. The property offers central A/C, in-unit laundry, tank-less water heaters, and 8 surface parking spaces (no soft story retrofit required). Lines were run to separate the water/sewer and only meters are needed to complete the process. Don't miss out on this stabilized investment opportunity with financing options such as 25% down for leverage or 35% down for cash flow.
    Exterior Features

    Garage Spaces 0.00 Lot Features Landscaped Lot Size Source Assessor Lot Size Units Square Feet Parking Total 8.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Inside

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.98 Community Features Sidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 125640.00 Gross Multiplier 14.64 Gross Scheduled Income 125640.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 91649.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 30221.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 30221.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Seller Zoning Lard2

    Listing provided courtesy of Jared Levine of Keller Williams Realty Calabasas


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-17T00:35:15.083. 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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