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4801 2nd Ave

Los Angeles, CA 90043
  • $2,725,000
  • STATUS: Active Under Contract
  • ON SITE: 275 Days
  • MLS #: 21-683704
Under Contract
UPDATED: 57 min ago
$2,725,000
  • 15
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 14,565
    SQFT
  • $187
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1912
County:

School Ratings & Info

Description

Rare mixed-use property, 12 apartments over 5 street front retail and commercial spaces. Gated parking lot for approx 13 cars. Situated on 13,000 SF corner lot, this low density property is the only large mixed-use property in the immediate area. Wood frame and stucco construction. The entire Exterior of the building is freshly painted, Parking area has been re surfaced. All units have separate electric meters, Gas is master meter. The apartment unit mix consists of 3 - 2 Bedroom one Bath, 4 - one-Bedroom one Bath and 5 units are Studios-one bath. Onsite manager unit does not include in rent roll, big upside! Updated Electric Panels, New Water Heater, NO Soft Story Retrofit needed- Just got clearance from the city. The property is located in a federal qualified ENTERPRISE ZONE / EMPLOYMENT AND ECONOMIC INCENTIVE PROGRAM AREA (EZ), West Adams- Community Plan Implementation Zone

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-25T18:42:58.833. 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/113553997
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4801 2nd Ave Los Angeles, CA 90043

  • Price: $2,725,000
  • Status: Active Under Contract
  • Updated: 57 min ago
  • MLS #: 21-683704
15
Beds
0
Baths
0
½ Baths
0.3
Acres
14,565
SQFT
$187
$/SQFT
1912
Built
Neighborhood:
Park Hills Heights
County:
Los Angeles
Area:
Park Hills Heights
Property Description
Rare mixed-use property, 12 apartments over 5 street front retail and commercial spaces. Gated parking lot for approx 13 cars. Situated on 13,000 SF corner lot, this low density property is the only large mixed-use property in the immediate area. Wood frame and stucco construction. The entire Exterior of the building is freshly painted, Parking area has been re surfaced. All units have separate electric meters, Gas is master meter. The apartment unit mix consists of 3 - 2 Bedroom one Bath, 4 - one-Bedroom one Bath and 5 units are Studios-one bath. Onsite manager unit does not include in rent roll, big upside! Updated Electric Panels, New Water Heater, NO Soft Story Retrofit needed- Just got clearance from the city. The property is located in a federal qualified ENTERPRISE ZONE / EMPLOYMENT AND ECONOMIC INCENTIVE PROGRAM AREA (EZ), West Adams- Community Plan Implementation Zone
Exterior Features

Lot Size Area 13001 Other Structures None Parking Garage Gated Total Parking 13

Interior Features

Baths Total 16.00 Cooling Wall/Window Equipment None Heating Wall

Property Features

Gross Income 218724 Gross Operating Income 234552 Like Units1 3 Like Units2 4 Like Units3 5 Like Units4 5 Net Operating Income 209340.00 Number Of Buildings 1 Number Of Units 17 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 25212 Type Of Units Mixed Use Year Built Source Assessor Zoning Lac2

Listing provided courtesy of Ofer Halimi DRE#01324758 of Compass.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-25T18:42:58.833. 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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Zwemmer Realty Group | Keller Williams Realty
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