Description
This 23-unit 1920's building in south la consists of three 1-bedrooms and 20-studios. built in 1925 and newly renovated with certificate of occupancy in 2024, this property is fully occupied. three new units were added to the existing floorplan and 16 units were separately metered for electricity. this building is priced to sell at a 7.0% cap rate on current income with the potential for 13.3% more rental upside.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
49339805
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
-
Exterior Features
Building Information
- Year Built: 1925
- Building Area Total: 7,312
Pool Features
- None
Laundry Features
- Common Area
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1435
- Lot Size Source: Assessor
- Lot Size Square Feet: 6253
-
Listing Information
Listing Price Information
- Original List Price: 3,985,000
- Listing Contract Date: 2025-04-11
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 5128009006
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Electricity,Insurance
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: C42 - Downtown L.A.
- Directions: East on Adams Blvd to Maple Avenue South of DTLA
- Zoning: LARD1.5
- Source Property Type: Residential Income
- Area: C42 - Downtown L.A.
- Property SubType: Apartment
Building and Construction
- Property Age: 100
- Common Walls: No Common Walls
- Structure Type: Apartment
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: Front
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BuyOwner last updated this listing 04/20/2025 @ 09:30
- MLS: SR25079856
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 7,312 sqft, 6,253 sized lot, and 0 parking. are nearby neighborhoods.