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Sharlotte Blake

sharlotte@laluxestates.com +1(323) 219-1101

$2,526,000

Est. payment - /mo

6,555 Sqft Lot

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID NP26240789

HOA Y/N No

Year Built 2015

Lot Size 6,555 Sqft

Property Sub-Type Mixed Use

Property Description

Eight units, built in 2015, exempt from state rent control, with two vacancies ready to lease at market rents. This three-story contemporary building offers approx. 7,762 sq ft on a 6,554 sq ft LAR3 lot, with a mix of 1-, 2- and 3-bedroom units. Every unit has an open floor plan, central air and heat, in-unit washer and dryer, and stainless appliances including dishwasher and gas cooktop, with gated garage parking for 12 cars and fire sprinklers throughout. Those are the features renters search for, and they keep units leased. Current NOI is $171,938, with upside from filling the vacant units and bringing below-market rents up to pro forma. The location draws tenants on its own: quick freeway access and minutes to Koreatown, Downtown, Hancock Park, Century City and the Olympic Blvd tech corridor. Contact the listing agent for the full rent roll and financials, and schedule your tour today.

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LAR3

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry Laundry Room

Exterior

Garage Spaces 16.0

Garage Description 16.0

Pool None

Community Features Sidewalks

Total Parking Spaces 16

Private Pool No

Building

Lot Description Sprinklers In Rear, Sprinklers In Front

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5082025028

Acceptable Financing Cash, Cash to New Loan, Conventional, Submit

Listing Terms Cash, Cash to New Loan, Conventional, Submit

Special Listing Condition Standard

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Listed by Chad Pape Coldwell Banker Realty 949-394-8971, DRE #01411814

NEARBY SCHOOL & BUSINESS

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Sharlotte Blake

+1(323) 219-1101

Broker Associate License ID: 02035876

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Los Angeles, CA

1183 Crenshaw BLVD Los Angeles, CA 90019

Sharlotte Blake

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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1183 Crenshaw BLVD