4151 3rd Ave | Los Angeles, CA 90008
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- LoopNet Team
4151 3rd Ave
Los Angeles, CA 90008
Multifamily Property For Sale
·
19 Units
INVESTMENT HIGHLIGHTS
- 6 (1+1) units and 13 studios just ½ mile from the heart of Leimert Park.
- Master metered for gas, allowing for an additional 1% annual rent increase.
- ADU potential to increase property’s revenue.
- Meticulously maintained property with timeless 1930s architecture and charming finishes.
- Value-add opportunity: Four vacant units provide immediate potential for renovation and increased rents.
- Four existing garages and two storage rooms offer opportunity for additional rental income.
PROPERTY FACTS
| No. Units | 19 | Lot Size | 0.18 AC |
| Property Type | Multifamily | Building Size | 14,900 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1930 |
| Building Class | C | ||
| Zoning | LAR1 - restricted Density Multiple Dwelling | ||
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 14,900 SF |
| No. Stories | 3 |
| Year Built | 1930 |
| Zoning | LAR1 - restricted Density Multiple Dwelling |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| Studios | 12 | - | - |
PROPERTY TAXES
| Parcel Number | 5023-024-014 | Improvements Assessment | $183,075 |
| Land Assessment | $251,944 | Total Assessment | $435,019 |
PROPERTY TAXES
Parcel Number
5023-024-014
Land Assessment
$251,944
Improvements Assessment
$183,075
Total Assessment
$435,019
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