244 S Avenue 18

    Los Angeles (City), CA 90031
    • $4,600,000
    • STATUS: Active
    • ON SITE: 114 days
    • ID#: 19491230
    UPDATED: 191 min ago
    $4,600,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,958
      SQFT
    • $385
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2016
    County:

    School Ratings & Info

    Description

    BRAND NEW Apartment built-in 2016. EACH UNIT IS NEARLY 2,000sf LIVING SPACE. ALL 6 UNITS ARE 4 BEDROOMS AND 3 BATHROOMS EACH.THIS IS BRAND NEW CONSTRUCTION, LOW MAINTENANCE, CASH COW!!! BRING YOUR 1031 EXCHANGE HERE!! RIGHT NOW!! THERE IS NOTHING LIKE THIS IN THIS UP & COMING NEIGHBORHOOD. The upstairs features the bedrooms and the lower level features a wide-open floor plan of the living room and kitchen areas. Large windows throughout will allow natural light all day. PERK FOR EACH UNIT(THEIR OWN LAUNDRY), and fully equipped with kitchen appliances. Gorgeous hardwood flooring on the lower level with carpeted bedrooms. EVERYTHING IS BRAND NEW! GREAT CITY VIEWS!! Situated in the hip and trendy area of Lincoln Heights, on Ave.18, right off Broadway. Close to the 110, 101 and 5 freeways. Great for roommates, great for students looking for off-campus housing. Low Maintenance Cost. Easy to Manage!! JUST NORTH OF DTLA. CORPORATE RENTAL IS HUGH MARKET!! DON'T MISS THIS OPPORTUNITY!!!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-12T00:27:58.053. 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/97120074

    244 S Avenue 18 Los Angeles (City), CA 90031

    • Price: $4,600,000
    • Status: Active
    • Updated: 191 min ago
    • ID#: 19491230
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    11,958
    SQFT
    $385
    $/SQFT
    2016
    Built
    Neighborhood:
    677 - Lincoln Hts
    County:
    Los Angeles
    Area:
    677 - Lincoln Hts
    Property Description
    BRAND NEW Apartment built-in 2016. EACH UNIT IS NEARLY 2,000sf LIVING SPACE. ALL 6 UNITS ARE 4 BEDROOMS AND 3 BATHROOMS EACH.THIS IS BRAND NEW CONSTRUCTION, LOW MAINTENANCE, CASH COW!!! BRING YOUR 1031 EXCHANGE HERE!! RIGHT NOW!! THERE IS NOTHING LIKE THIS IN THIS UP & COMING NEIGHBORHOOD. The upstairs features the bedrooms and the lower level features a wide-open floor plan of the living room and kitchen areas. Large windows throughout will allow natural light all day. PERK FOR EACH UNIT(THEIR OWN LAUNDRY), and fully equipped with kitchen appliances. Gorgeous hardwood flooring on the lower level with carpeted bedrooms. EVERYTHING IS BRAND NEW! GREAT CITY VIEWS!! Situated in the hip and trendy area of Lincoln Heights, on Ave.18, right off Broadway. Close to the 110, 101 and 5 freeways. Great for roommates, great for students looking for off-campus housing. Low Maintenance Cost. Easy to Manage!! JUST NORTH OF DTLA. CORPORATE RENTAL IS HUGH MARKET!! DON'T MISS THIS OPPORTUNITY!!!
    Exterior Features

    Lot Size Units Square Feet Parking Features Assigned Parking YN Yes

    Interior Features

    Appliances DisposalRefrigeratorDishwasher Appliances YN Yes Cooling Central Air Cooling YN Yes Laundry Features Washer IncludedDryer Included

    Property Features

    Cap Rate 4.10 Gross Multiplier 17.00 Gross Operating Income 270000.00 Improvements Amount 1512210 Land Lease YN No Land Value 308761 Laundry YN Yes Net Operating Income 189000.00 Special Listing Conditions Standard Total Expenses 81000.00 Zoning Lard1.5

    Listing provided courtesy of Max Lee of Dream Realty Asset Mgt, Inc. and Bruce Lee of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-12T00:27:58.053. 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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