1214 S Lake St | Los Angeles, CA 90006
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- LoopNet Team
1214 S Lake St
Los Angeles, CA 90006
1214 Lake Apartments · Multifamily Property For Sale
·
37 Units
Investment Highlights
- The subject property totals 20,460 SF featuring a unit mix that includes 25 singles, 11 one-bedrooms and one one-bedroom plus den.
- Furthermore, the basement features hookups allowing an investor to install community laundry for additional income. Gas is separately metered.
- 1214 S Lake St has been well-maintained by ownership with recent capital expenditures over the last four years including common area flooring... etc
- The majority of rents are currently under-market, providing a true value-add opportunity to capture the 38% rental upside through interior renovation.
- At the asking price, the property is being offered for a low $145,811 per unit and $264 per square foot.
Property Facts
| No. Units | 37 | Lot Size | 0.20 AC |
| Property Type | Multifamily | Building Size | 20,460 SF |
| Property Subtype | Apartment | Average Occupancy | 97% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1914 |
| Zoning | R4 | ||
| No. Units | 37 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 20,460 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built | 1914 |
| Zoning | R4 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Online Services
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 25 | $1,109 | 400 |
| 1+1 | 11 | $1,285 | 575 |
| 1+1 | 1 | $1,234 | 875 |
Property Taxes
| Parcel Number | 5136-024-012 | Improvements Assessment | $853,210 |
| Land Assessment | $4,834,863 | Total Assessment | $5,688,073 |
Property Taxes
Parcel Number
5136-024-012
Land Assessment
$4,834,863
Improvements Assessment
$853,210
Total Assessment
$5,688,073
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