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4412 Lockwood Ave

Los Angeles, CA 90029
  • $2,500,000
  • STATUS: Active
  • ON SITE: 314 Days
  • MLS #: 21-706584
UPDATED: 202 min ago
$2,500,000
  • 11
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,784
    SQFT
  • $661
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

Description

3.4 CAP RATE! SOFT STORY WORK COMPLETED BY CODE, THE BUILDING IS UP TO CITY STANDARDS!! WAS IN ESCROW AND BUYER REPORTED (VERY IMPORTANT) MOST TENANTS WILL CONSIDER CASH FOR KEYS!! 5 BED HOME + 6 UNITS IN BACK!! THERE IS A HUGE BASEMENT POSS 2 ADU's WHICH WOULD THEN BE 9 UNITS......AMAZING FUTURE OWNER USER (LARGE 5 BEDROOM HOME IN FRONT WITH A SUPER LARGE BASEMENT!! -PLUS 6 ONE BED UNITS IN A SEPARATE BUILDING IN BACK)...LARGE DEV SITE. GREAT RENTAL AREA WALKING DISTANCE TO COLLEGE, DISTINCT EATERIES, SHOPS AND SO MUCH MORE! BONUS ROOM ATTACHED TO ONE OF THE 2ND FLOOR UNITS - BASEMENT IS SECTIONED OFF INTO 5 AREAS/ROOMS WITH ONE OF THE AREAS INCLUDES A WASH BASIN & COMODE. Zone: RD 1.5 Transit Oriented Communities (TOC) Tier 4, YES TIER 4 !!! LAND COST PER SQ. FT. APPROX $269/SQ.FT. =BUILDING COST PER SQ. FT. APPROX $453/SQ.FT. THIS IS TRULY WORTH LOOKING INTO FOR YOUR INVESTMENT PORTFOLIO!

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-25T23:42:30.403. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/115183799
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4412 Lockwood Ave Los Angeles, CA 90029

  • Price: $2,500,000
  • Status: Active
  • On Site: 314 Days
  • Updated: 202 min ago
  • MLS #: 21-706584
11
Beds
0
Baths
0
½ Baths
0.21
Acres
3,784
SQFT
$661
$/SQFT
1960
Built
Neighborhood:
Silver Lake - Echo Park
County:
Los Angeles
Area:
Silver Lake - Echo Park
Property Description
3.4 CAP RATE! SOFT STORY WORK COMPLETED BY CODE, THE BUILDING IS UP TO CITY STANDARDS!! WAS IN ESCROW AND BUYER REPORTED (VERY IMPORTANT) MOST TENANTS WILL CONSIDER CASH FOR KEYS!! 5 BED HOME + 6 UNITS IN BACK!! THERE IS A HUGE BASEMENT POSS 2 ADU's WHICH WOULD THEN BE 9 UNITS......AMAZING FUTURE OWNER USER (LARGE 5 BEDROOM HOME IN FRONT WITH A SUPER LARGE BASEMENT!! -PLUS 6 ONE BED UNITS IN A SEPARATE BUILDING IN BACK)...LARGE DEV SITE. GREAT RENTAL AREA WALKING DISTANCE TO COLLEGE, DISTINCT EATERIES, SHOPS AND SO MUCH MORE! BONUS ROOM ATTACHED TO ONE OF THE 2ND FLOOR UNITS - BASEMENT IS SECTIONED OFF INTO 5 AREAS/ROOMS WITH ONE OF THE AREAS INCLUDES A WASH BASIN & COMODE. Zone: RD 1.5 Transit Oriented Communities (TOC) Tier 4, YES TIER 4 !!! LAND COST PER SQ. FT. APPROX $269/SQ.FT. =BUILDING COST PER SQ. FT. APPROX $453/SQ.FT. THIS IS TRULY WORTH LOOKING INTO FOR YOUR INVESTMENT PORTFOLIO!
Exterior Features

Cross Streets Just E Of VermontWhere The College Is - W Of Mad Direction Faces North Lot Size Area 9299 Other Structures None Parking Garage Carport Attached Style Mid-Century Total Parking 7 View Description Tree Top View YN Yes

Interior Features

Baths Total 8.00 Cooling Window Unit(S) Equipment Garbage DisposalOtherRange/Oven Flooring MixedTileHardwood Heating Wall Gas

Property Features

Assessed Total Value 209105 Gross Income 106272 Gross Operating Income 106272 Like Units1 1 Like Units2 3 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 85018.00 Number Of Buildings 2 Number Of Units 7 Owner Pays Water Sale Type Standard Source Living Area Assessor Source Lot Size Area Vendor Enhanced Tenant Pays GasElectricity Total Annual Expense 21254 Type Of Units Home +6 Apts Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Bruce Jay DRE#00559166 of Bruce Jay Associates.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-25T23:42:30.403. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Indian Wells CA, 92210