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1331 Albany St
Los Angeles, CA 90015
Multifamily Property For Sale
·
20 Units
Investment Highlights
- Value-Add Opportunity: ±51% Rental Upside at $1,650/mo ProForma Rents
- 13/20 Units Renovated Through Natural Turnover: Vinyl Plank Flooring, Quartz Countertops, Stainless Steel Appliances, and More!
- Significant Discount to Homeownership: Average Home Price in Pico Union is ±$810k
- Minimal Deferred Maintenance: New Electrical and Copper Pluming in Most Units, New Roof, and New Primary Water Tank Heater
- Master Metered: Residents Reimburse Property Owner, Substantially Lowering Costs (See Financials for Exact Amount)
Property Facts
| No. Units | 20 | Lot Size | 0.14 AC |
| Property Type | Multifamily | Building Size | 9,088 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1924 |
| Zoning | RD1.5, Los Angeles | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 9,088 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1924 |
| Zoning | RD1.5, Los Angeles |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Wi-Fi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 20 | - | 450 |
Property Taxes
| Parcel Number | 5135-034-017 | Improvements Assessment | $580,292 |
| Land Assessment | $2,495,257 | Total Assessment | $3,075,549 |
Property Taxes
Parcel Number
5135-034-017
Land Assessment
$2,495,257
Improvements Assessment
$580,292
Total Assessment
$3,075,549
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