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1037 S Longwood Ave
Los Angeles, CA 90019
1037 S. LONGWOOD AVE/5001 EDGEWOOD PLACE · Multifamily Property For Sale
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3 Units
Investment Highlights
- The property was built over Brookside brook which runs through the property.
Executive Summary
Call or email for more info. Lovely neighborhood of Longwood Highlands. 9000 Sq. Ft. Triplex of two 3 BD, 2 BA side-by-side townhouses and one one-bedroom two-story townhouse in the rear. On-site parking for three. Plenty of street parking. The property was built over the Brookside brook, which runs through it. Highly atmospheric.
Rents are $4000. per month for one of the townhouses, and $ 4,400. for the other. There is a third one-bedroom townhouse in the rear that rents for $ 3,800. per month.
Water/Sanitation: 350 for 2 months
Tax based on the assessed value
Insurance: 2200 annual
Landscape: 150 per month
Includes plans for ADU in the rear structure
Rents are $4000. per month for one of the townhouses, and $ 4,400. for the other. There is a third one-bedroom townhouse in the rear that rents for $ 3,800. per month.
Water/Sanitation: 350 for 2 months
Tax based on the assessed value
Insurance: 2200 annual
Landscape: 150 per month
Includes plans for ADU in the rear structure
Property Facts
| Price Per Unit | $833,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 2.66% | Building Size | 3,940 SF |
| No. Units | 3 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1925 |
| Apartment Style | Garden | Parking Ratio | 0.76/1,000 SF |
| Zoning | LAR1 - Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations | ||
| Price Per Unit | $833,333 |
| Sale Type | Investment |
| Cap Rate | 2.66% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 3,940 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1925 |
| Parking Ratio | 0.76/1,000 SF |
| Zoning | LAR1 - Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations |
Amenities
Unit Amenities
- Balcony
- Cable Ready
- Storage Space
- Kitchen
Site Amenities
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $4,200 | 1,300 |
| 1+1 | 1 | $3,800 | 1,000 |
Property Taxes
| Parcel Number | 5084-008-010 | Improvements Assessment | $512,020 |
| Land Assessment | $1,137,827 | Total Assessment | $1,649,847 |
Property Taxes
Parcel Number
5084-008-010
Land Assessment
$1,137,827
Improvements Assessment
$512,020
Total Assessment
$1,649,847
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