1421-1423 1/2 Waterloo St | Los Angeles, CA 90026
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- LoopNet Team
1421-1423 1/2 Waterloo St
Los Angeles, CA 90026
Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- BULLET-PROOF LOCATION – Situated in one of Los Angeles’ most desirable and trendy neighborhoods
- VALUE ADD: ADU POTENTIAL – potential to add an ADU in high ceiling rear carport and potential to create a second ADU by converting an existing large s
- LOW UTILITY COSTS – tenants pay for trash costs
- OWNER OCCUPANCY OPPORTUNITY – opportunity to occupy the single-family home by utilizing the Landlord Occupancy Eviction provision in the Los Angeles R
- VALUE ADD: RENTAL UPSIDE – current rents are approximately 44% below-market
- EXCELLENT UNIT MIX – one (1) stand-alone 3bed+1.5bath house, two (2)2bed+1bath and one (1) 1bed+1bath unit
PROPERTY FACTS
| No. Units | 4 | Building Size | 3,457 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Building Class | C | Year Built | 1929 |
| Lot Size | 0.17 AC | Parking Ratio | 1.74/1,000 SF |
| Zoning | R3-1, Los Angeles - multiple dwelling residential | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,457 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1929 |
| Parking Ratio | 1.74/1,000 SF |
| Zoning | R3-1, Los Angeles - multiple dwelling residential |
AMENITIES
UNIT AMENITIES
- Balcony
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $876.00 | 1 |
| 2+1 | 2 | $2,417 | 1 |
| 3+1.5 | 1 | $3,245 | 1 |
PROPERTY TAXES
| Parcel Number | 5424-022-007 | Improvements Assessment | $604,888 |
| Land Assessment | $1,411,406 | Total Assessment | $2,016,294 |
PROPERTY TAXES
Parcel Number
5424-022-007
Land Assessment
$1,411,406
Improvements Assessment
$604,888
Total Assessment
$2,016,294
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