4433 Lockwood Avenue

    Los Angeles (City), CA 90029
    • $2,299,500
    • STATUS: Pending
    • ON SITE: 207 days
    • ID#: 19488976
    Pending
    UPDATED: 54 min ago
    $2,299,500
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1911
    County:

    School Ratings & Info

    Description

    Recently remodeled 11-unit apartment complex in East Hollywood. The subject property represents a rare opportunity to acquire a mid-size multifamily asset in one of the most sought-after submarkets in Los Angeles County. Current ownership has recently renovated all of the units including electric and plumbing for the front building. A stone's throw to Silverlake, Hollywood, LACC, and the thriving Sunset Corridor, you could not get more ideally situated.Eight easy to rent studio apartments in the front building. Back house is a triplex consisting of one 1 bedroom, a studio + loft, and another large studio. Back house units each have their own private yard. Located in Opportunity/Enterprise Zone offering significant tax advantages for select investors.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-17T15:28:33.767. 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/97246689

    4433 Lockwood Avenue Los Angeles (City), CA 90029

    • Price: $2,299,500
    • Status: Pending
    • Updated: 54 min ago
    • ID#: 19488976
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1911
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    Recently remodeled 11-unit apartment complex in East Hollywood. The subject property represents a rare opportunity to acquire a mid-size multifamily asset in one of the most sought-after submarkets in Los Angeles County. Current ownership has recently renovated all of the units including electric and plumbing for the front building. A stone's throw to Silverlake, Hollywood, LACC, and the thriving Sunset Corridor, you could not get more ideally situated.Eight easy to rent studio apartments in the front building. Back house is a triplex consisting of one 1 bedroom, a studio + loft, and another large studio. Back house units each have their own private yard. Located in Opportunity/Enterprise Zone offering significant tax advantages for select investors.
    Exterior Features

    Lot Size Source Other Parking Features None Parking YN No

    Property Features

    Gross Income 175272.00 Gross Multiplier 14.57 Gross Operating Income 175272.00 Laundry Income 600.00 Maintenance Expense 3000.00 Net Operating Income 164014.00 Other Expense 600.00 Senior Community YN No Special Listing Conditions Standard Supplies Expense 800.00 Water Sewer Expense 2208.00 Zoning Lar3

    Listing provided courtesy of Fahim Shah of Fahim Shah Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-17T15:28:33.767. 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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