4433 Lockwood Avenue

    Los Angeles (City), CA 90029
    • $2,299,500
    • STATUS: Active
    • ON SITE: 81 days
    • ID#: 19488976
    UPDATED: 33 min ago
    $2,299,500
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,518
      SQFT
    • $509
      $/SQFT
    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.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-14T08:29:09.797. 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: Active
    • Updated: 33 min ago
    • ID#: 19488976
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,518
    SQFT
    $509
    $/SQFT
    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 See Remarks Lot Size Units Square Feet

    Interior Features

    Laundry Features See Remarks

    Property Features

    Electric Expense 1650.00 Fuel Expense 1200.00 Gross Multiplier 14.57 Gross Operating Income 175272.00 Improvements Amount 362443 Land Value 1035555 Laundry Income 600.00 Laundry YN Yes Maintenance Expense 3000.00 Net Operating Income 164014.00 Other Expense 600.00 Special Listing Conditions Standard Supplies Expense 800.00 Total Expenses 11258.00 Water Sewer Expense 2208.00 Workmans Compensation Expense 600.00 Zoning Lar3

    Listing provided courtesy of Fahim Shah of Fahim Shah Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-14T08:29:09.797. 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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