Description
Tolj Commercial Real Estate is pleased to offer an eight-unit multifamily apartment building located at 943 Centennial Street in Los Angeles. The subject property is conveniently located near major retailers, bars, shopping centers, and restaurants, and within driving distance to major entertainment and sporting venues: Walt Disney Music Hall, Civil Center, Crypto Arena (formerly Staple Center), Dodger Station, and more.The subject property consists of 6,570-sf building situated on 6983-sf lot zoned Los Angeles Multiple Residential (LAR-3-1). There are ten (10) onsite parking stalls with street and alley access either from Figueroa Terrace or West College Street. Unit-mix is comprised of (6) two bedroom and one bathroom unit, (1) two bedroom and two bathroom unit, and (1) three bedroom and two bathroom unit, a total of seventeen (17) bedrooms and ten (10) bathrooms. One main laundry room onsite. Each unit is individually metered for electricity and gas. There is one master water meter for the entire property. Pro-forma Gross Schedule Income: $217,200 , Pro-forma Cap Rate: 5.30% Pro-forma Gross Multiplier: 12.89. Prof-forma Net Operating Expenses: $148,361 . Building's actual income and operating expense are specified in the marketing brochure. Refer to the supplemental attachment ** Property is not under LA Rent Control but subject to California State Rent Control. Please verify with local city and state housing laws ***
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0BEDS
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0.16ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Tolj Commercial Real Estate is pleased to offer an eight-unit multifamily apartment building located at 943 Centennial Street in Los Angeles. The subject property is conveniently located near major retailers, bars, shopping centers, and restaurants, and within driving distance to major entertainment and sporting venues: Walt Disney Music Hall, Civil Center, Crypto Arena (formerly Staple Center), Dodger Station, and more.The subject property consists of 6,570-sf building situated on 6983-sf lot zoned Los Angeles Multiple Residential (LAR-3-1). There are ten (10) onsite parking stalls with street and alley access either from Figueroa Terrace or West College Street. Unit-mix is comprised of (6) two bedroom and one bathroom unit, (1) two bedroom and two bathroom unit, and (1) three bedroom and two bathroom unit, a total of seventeen (17) bedrooms and ten (10) bathrooms. One main laundry room onsite. Each unit is individually metered for electricity and gas. There is one master water meter for the entire property. Pro-forma Gross Schedule Income: $217,200 , Pro-forma Cap Rate: 5.30% Pro-forma Gross Multiplier: 12.89. Prof-forma Net Operating Expenses: $148,361 . Building's actual income and operating expense are specified in the marketing brochure. Refer to the supplemental attachment ** Property is not under LA Rent Control but subject to California State Rent Control. Please verify with local city and state housing laws ***
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-02T12:32:27.52. 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 Team Forss Realty Group. Licensed in the State of California, USA.