1553 W 2nd Ave | Los Angeles, CA 90019
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- LoopNet Team
1553 W 2nd Ave
Los Angeles, CA 90019
Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- SUPERB MID-CITY LOCATION – Centrally located in the highly sought after 90019 Zip Code with short driving distance to Downtown LA and Santa Monica
- VALUE-ADD OPPORTUNITY – Predominantly strong, stable, and affluent Rental Market with Rents 25%+ Below current market rates.
- EASY TO MANAGE – Low Maintenance overall, Individually Metered for Gas and Electric, and NO Soft-Story Retrofitting required**
- OUTSTANDING UNIT MIX – Eight (8) Large, super Spacious 1-Bed + 1-Bath units each of which includes a Den which can function and is being used as a 2nd
- TREMENDOUS RENTAL UPSIDE – Select units recently Remodeled and Six (6) on-site garages generating additional income
PROPERTY FACTS
| No. Units | 8 | Building Size | 6,350 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1936 |
| Building Class | C | Parking Ratio | 0.75/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | C2 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,350 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1936 |
| Parking Ratio | 0.75/1,000 SF |
| Zoning | C2 |
AMENITIES
UNIT AMENITIES
- Den
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 794 |
PROPERTY TAXES
| Parcel Number | 5072-035-011 | Improvements Assessment | $738,684 |
| Land Assessment | $1,108,026 | Total Assessment | $1,846,710 |
PROPERTY TAXES
Parcel Number
5072-035-011
Land Assessment
$1,108,026
Improvements Assessment
$738,684
Total Assessment
$1,846,710
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