117 S Avenue 64 | Los Angeles, CA 90042
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- LoopNet Team
117 S Avenue 64
Los Angeles, CA 90042
24-u NON Rent Control, 1989 Construction · Multifamily Property For Sale
·
24 Units
INVESTMENT HIGHLIGHTS
- 1989 built Turnkey apartment in excellent location in Highland Park; Upgraded with Upside (estimated 13%)!
- Excellent unit mix with good distributions of 2 bedroom and 1 bedroom units
- Superb location crossing York Blvd, walk to stores, dining, and shopping, Close to Figueroa St and Gold Line Station
- Not under City of Los Angeles rent control; Maximum rent increase under the Statewide Ordinance AB1482 (5% + CPI)
- Each unit has central HVAC, copper plumbing, individual water heater, and is separately metered for electricity and gas
- Walking distance to South Pasadena, Arroyo Seco Golf Course in South Pasadena, and Arroyo Seco Park; at the border of Highland Park and South Pasadena
PROPERTY FACTS
| No. Units | 24 | Building Size | 13,674 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1989/2019 |
| Building Class | C | Parking Ratio | 2.78/1,000 SF |
| Lot Size | 0.26 AC | ||
| Zoning | LARD1.5 - Residential | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 13,674 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built/Renovated | 1989/2019 |
| Parking Ratio | 2.78/1,000 SF |
| Zoning | LARD1.5 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Vaulted Ceiling
- Refrigerator
- Oven
- Sprinkler System
- Range
- Carpet
- Patio
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Gated
- Recycling
- Trash Pickup - Curbside
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | - | 500 |
| 2+1 | 8 | - | 700 |
PROPERTY TAXES
| Parcel Number | 5492-035-033 | Improvements Assessment | $2,275,657 |
| Land Assessment | $5,290,905 | Total Assessment | $7,566,562 |
PROPERTY TAXES
Parcel Number
5492-035-033
Land Assessment
$5,290,905
Improvements Assessment
$2,275,657
Total Assessment
$7,566,562
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