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1422 Cerro Gordo St
Los Angeles, CA 90026
1422/1426 CERRO GORDO · Multifamily Property For Sale
·
3 Units
Executive Summary
Call or email for new OM. Unusual offering. Three structures on two large lots owned and operated by the same family for over 50 years. Operating as a multi unit income property with current market rents. Main house has two stories, 3 bedrooms, 3 baths, living room, dining room. 2nd unit is a second story apartment of 2 Bedrooms and 1 Bath over a two car garage, 3rd unit is a separate guest unit or ADU consisting of a studio and full bath. All on two large lots with lush gardens. Ideal for development of two large luxury homes in the Elysian Heights neighborhood. High up in Elysian Park and surrounded by hiking trails with masterful views and lovely single family homes. First lot is 6745 Sq. Ft. and the second lot is 7495 Sq. Ft. for a total of 14,240 Sq. Ft.
Property Facts
| Price Per Unit | $1,000,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 3.89% | Building Size | 4,000 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1916/1973 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | LAR1 - Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations | ||
| Price Per Unit | $1,000,000 |
| Sale Type | Investment |
| Cap Rate | 3.89% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1916/1973 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | LAR1 - Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 1 | $5,000 | 1,971 |
| 2+1 | 1 | $3,800 | 1,600 |
| Studios | 1 | $2,000 | 700 |
Property Taxes
| Parcel Number | 5415-006-032 | Improvements Assessment | $38,956 |
| Land Assessment | $35,512 | Total Assessment | $74,468 |
Property Taxes
Parcel Number
5415-006-032
Land Assessment
$35,512
Improvements Assessment
$38,956
Total Assessment
$74,468
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