900 W College St
Los Angeles, CA 90012
Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 8,054 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1969 |
| Building Class | C | Parking Ratio | 0.99/1,000 SF |
| Zoning | LAR4 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 8,054 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 0.99/1,000 SF |
| Zoning | LAR4 |
About 900 W COLLEGE ST , LOS ANGELES, CA 90012
Kenny Stevens Team is pleased to present 900 West College Street, an 8-unit multifamily investment asset located in the culturally dynamic and rapidly developing neighborhood of Chinatown. Located just north of Sunset Boulevard, the subject property is conveniently located near a diverse selection of charming cafes, highly reviewed restaurants and boutique retail destinations. Additionally, its’ proximity to the 110 and 101 Freeways provides residents easy access to employment and entertainment hubs throughout the Greater Los Angeles Area. The 8,054 two-story building sits on a 6,808 SF lot and is comprised of (1) 4 Bdrm. and 3.5 Bath Townhouse, (1) 3 Bdrm. and 1.5 Bath unit and (5) 2 Bdrm. and 1 Bath units. Please note, the townhouse currently serves as the owner’s unit and will be delivered vacant upon close of escrow. The units offer a significant value-add opportunity to potential investors, as current rents are approximately 45% below market value for nicely remodeled units in the area. Located in a neighborhood that is currently seeing several large-scale developments, 900 West College St. presents investors with the opportunity to acquire an ideal value-add investment with significant financial upside.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+4 | 1 | $3,600 | 1,800 |
| 3+2 | 1 | $1,645 | 1,100 |
| 2+1 | 6 | $1,451 | 850 |
Property Taxes
| Parcel Number | 5406-028-010 | Improvements Assessment | $1,487,356 |
| Land Assessment | $1,203,008 | Total Assessment | $2,690,364 |
Property Taxes
