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1209 S Lake St
Los Angeles, CA 90006
Lake Apartments · Multifamily Property For Sale
·
94 Units
Investment Highlights
- Opportunity to acquire a 94 multifamily units and a ±6,000 SF parking lot in Los Angeles.
- Opportunity to increase revenue by implementing a RUBS program to charge back for utilities.
- Property features a beauty art deco lobby, controlled access, storage, and well-designed units.
- Excellent value-add investment opportunity with strong cash flow and substantial upside potential.
- Additional income being generated from 6,000 SF parking lot, on-site laundry, and storage.
- Adjacent property at 1200 S Hoover (59 units) is also available for sale.
Property Facts
| No. Units | 94 | Lot Size | 0.38 AC |
| Property Type | Multifamily | Building Size | 52,968 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | B | Year Built | 1926 |
| Zoning | LAR4 | ||
| No. Units | 94 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.38 AC |
| Building Size | 52,968 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1926 |
| Zoning | LAR4 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Storage Space
- Elevator
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 94 | - | 410 - 590 |
Property Taxes
| Parcel Number | 5136-025-003 | Improvements Assessment | $4,458,999 |
| Land Assessment | $1,946,883 | Total Assessment | $6,405,882 |
Property Taxes
Parcel Number
5136-025-003
Land Assessment
$1,946,883
Improvements Assessment
$4,458,999
Total Assessment
$6,405,882
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