425 S Detroit Street

    Los Angeles (City), CA 90036
    • $9,395,000
    • STATUS: Active Under Contract
    • ON SITE: 81 days
    • ID#: 18388298
    Under Contract
    UPDATED: 48 min ago
    $9,395,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 20,272
      SQFT
    • $463
      $/SQFT
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Ratings & Info

    Description

    We are pleased to present an iconic 1920s 4-story apartment building in the historic Hancock Park/Fairfax District of LA, walking distance to the Grove. This outstanding trophy property is tucked against the celebrity saturated Access Hollywood stage, between Paramount Pictures and CBS Studios. With zero rent control restrictions, this 24 unit building is likely to enhance the returns of any investor for years to come. The beautifully remodeled units feature hardwood floors, ceramic tile, granite countertops, new windows, new appliances, & exposed brick both inside and out. Multi-million-dollar historic houses surround this showpiece with some of the city's most popular attractions only steps away; Los Angeles County Museum of Art, The Original Farmers Market, El Rey Theater, Melrose Trading Post, in addition to the historic heart of Hollywood itself.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-11T17:30:14.01. 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. Licensed in the State of California, USA.
    www.teamforss.com/homes/87742487

    425 S Detroit Street Los Angeles (City), CA 90036

    • Price: $9,395,000
    • Status: Active Under Contract
    • Updated: 48 min ago
    • ID#: 18388298
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    20,272
    SQFT
    $463
    $/SQFT
    1928
    Built
    Neighborhood:
    C19 - Beverly Center-Miracle Mile
    County:
    Los Angeles
    Area:
    C19 - Beverly Center-Miracle Mile
    Property Description
    We are pleased to present an iconic 1920s 4-story apartment building in the historic Hancock Park/Fairfax District of LA, walking distance to the Grove. This outstanding trophy property is tucked against the celebrity saturated Access Hollywood stage, between Paramount Pictures and CBS Studios. With zero rent control restrictions, this 24 unit building is likely to enhance the returns of any investor for years to come. The beautifully remodeled units feature hardwood floors, ceramic tile, granite countertops, new windows, new appliances, & exposed brick both inside and out. Multi-million-dollar historic houses surround this showpiece with some of the city's most popular attractions only steps away; Los Angeles County Museum of Art, The Original Farmers Market, El Rey Theater, Melrose Trading Post, in addition to the historic heart of Hollywood itself.
    Exterior Features

    Lot Size Units Square Feet Parking Features Other Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features Washer IncludedDryer Included

    Property Features

    Gross Multiplier 17.62 Gross Operating Income 520064.00 Improvements Amount 1958400 Land Value 4569600 Laundry YN Yes Net Operating Income 375776.00 Special Listing Conditions Standard Total Expenses 163596.00 Zoning Lar4

    Listing provided courtesy of Joshua Ross of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-11T17:30:14.01. 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. Licensed in the State of California, USA.
     
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