2315 Barlow Street

    Los Angeles (City), CA 90033
    • $10,500,000
    • STATUS: Active
    • ON SITE: 120 days
    • ID#: 19479718
    $10,500,000
    • 0
      BEDS
    • 0.57
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 28,333
      SQFT
    • $371
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1991
    County:

    School Ratings & Info

    Description

    We are proud to exclusively present the Barlow Street Apartments. This investment opportunity is being offered for the first time ever by the original developer. Built in 1991, this three-story, thirty-seven multifamily asset is located at 2315 Barlow Street, Los Angeles.The property consists of excellent unit mix of eight one-bedroom/one-bathroom, sixteen two-bedroom/one-bathroom, eight two-bedroom/one-and-half bathroom, three two-bedroom/two-bathroom, and two three-bedroom/two-bathroom. The complex has been self-managed by the current owner with many tenants still living at the subject property since construction. The property is not subject to rent control due to the age of the building, which gives an opportunity for investor an immediate upside for over forty-five percent. Over half of the units are upgraded with tile flooring with assigned tuck-under and enclosed garage parking. The apartments offer central HAVC and a laundry room which the machines are owned by the owner.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-18T00:36:20.21. 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/96063070

    2315 Barlow Street Los Angeles (City), CA 90033

    • Price: $10,500,000
    • Status: Active
    • ID#: 19479718
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.57
    Acres
    28,333
    SQFT
    $371
    $/SQFT
    1991
    Built
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    Property Description
    We are proud to exclusively present the Barlow Street Apartments. This investment opportunity is being offered for the first time ever by the original developer. Built in 1991, this three-story, thirty-seven multifamily asset is located at 2315 Barlow Street, Los Angeles.The property consists of excellent unit mix of eight one-bedroom/one-bathroom, sixteen two-bedroom/one-bathroom, eight two-bedroom/one-and-half bathroom, three two-bedroom/two-bathroom, and two three-bedroom/two-bathroom. The complex has been self-managed by the current owner with many tenants still living at the subject property since construction. The property is not subject to rent control due to the age of the building, which gives an opportunity for investor an immediate upside for over forty-five percent. Over half of the units are upgraded with tile flooring with assigned tuck-under and enclosed garage parking. The apartments offer central HAVC and a laundry room which the machines are owned by the owner.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features GarageDetached Carport Parking YN Yes

    Interior Features

    Cooling Central Air Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 3.00 Electric Expense 51200.00 Gross Multiplier 18.70 Gross Operating Income 561480.00 Improvements Amount 2321839 Insurance Expense 8000.00 Land Value 854472 Laundry YN Yes Maintenance Expense 27382.00 Net Operating Income 315321.00 Operating Expense 2400.00 Other Expense 9250.00 Special Listing Conditions Standard Total Expenses 232315.00 Zoning Lac2

    Listing provided courtesy of Edward Pan of Colliers International Greater


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-18T00:36:20.21. 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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