This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
923-10111/2 E 79th St
Los Angeles, CA 90001
South Side Apartments · Multifamily Property For Sale
·
20 Units
PROPERTY FACTS
| No. Units | 20 | Building Size | 12,416 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built/Renovated | 1929/1953 |
| Building Class | C | Parking Ratio | 0.64/1,000 SF |
| Lot Size | 0.48 AC | ||
| Zoning | R3-1, Los Angeles | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 12,416 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1929/1953 |
| Parking Ratio | 0.64/1,000 SF |
| Zoning | R3-1, Los Angeles |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
SITE AMENITIES
- Laundry Facilities
ABOUT 923-10111/2 E 79TH ST , LOS ANGELES, CA 90001
The subject property has a Section 8 HAP Contact in place from 2007 that will need to be assumed. There is no debt in place to assume. Unit mix contacts 12 One Bedroom One bath & 8 Two Bedroom One bath units. Buyer should be experienced in working with HUD and Section 8 contracts. Additional upside potential **MAY** exist with the "potential" of one or more of the following: 1) Reduction in the property taxes for being a designated Low Income Housing. 2) Buyer's should also research the newly tax benefits of an "Opportunity Fund". 3) The avoidance of Rent Control when you have specific Housing Contracts in place. 4) The potential of creating a lucrative Tax Credit project with this investment offering. ***** Broker and Seller make NO representation on any of these methods being possible and the suggestions are intended solely for the Buyer and their own agent to investigate. Thus, mentioning these items are for discussion purposes ONLY and all Buyer(s) shall do their own due diligence as to whether or not any of the items 1-4 are practical. . The asset is being sold 100% occupied.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | $1,064 | 507 - 603 |
| 2+1 | 8 | $1,198 | 843 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,561,722 | |
| Land Assessment | $1,784,825 | Total Assessment | $3,346,547 |
PROPERTY TAXES
