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4855 Elmwood Ave
Los Angeles, CA 90004
Multifamily Property For Sale
·
18 Units
Investment Highlights
- Future Development Potential-Residential condo (approx. 29 units) development lots * AB-2097-Reduced Parking Area * Lot 14,360 SF, R3-1, Tier 2, corne
- The 2-bedroom units are very large with the average unit being about 1,050 square feet.
- Potential for 42% rental upside with the opportunity to add value and capture top-of-the market rents through strategic renovations by modern
- The property offers renters in a high demand unit mix of 10 one bedroom/one bath unit and 8 two large bedroom/two bath unit.
- The common area amenities include a beautifully landscaped front yard with four palm trees, laundry room, storage rooms, & secured entry.
- New ownership can continue to capture an additional 42% upside in rents through comprehensive renovations of the ******remaining units in the fo
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 18 | - | - |
Property Taxes
| Parcel Number | 5522-020-026 | Improvements Assessment | $1,566,788 |
| Land Assessment | $3,655,843 | Total Assessment | $5,222,631 |
Property Taxes
Parcel Number
5522-020-026
Land Assessment
$3,655,843
Improvements Assessment
$1,566,788
Total Assessment
$5,222,631
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