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5804 San Vicente Blvd

Los Angeles, CA 90019
  • $3,600,000
  • STATUS: Active
  • ON SITE: 50 Days
  • MLS #: 21-794222
UPDATED: 62 min ago
$3,600,000
  • 12
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,818
    SQFT
  • $367
    $/SQFT
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Description

We are very pleased to offer for sale for the first time in over 50 years The San Vicente Apartments, 12 units situated in the highly coveted Wilshire Vista neighborhood of Los Angeles. Located at the SW corner of Curson Avenue and San Vicente, 5804 San Vicente is a beautifully charming 12 unit building that features all one-bedroom units and parking for 10 cars (4 in the back and 6 in the front garage). The San Vicente apartments boast a solid 84 Walkscore, as its located minutes from both The Grove, Beverly Center and Cedars Sinai as well as the upcoming UCLA hospital near the corner of Olympic and San Vicente. The units are separately metered for gas and electric, and the property boasts fully updated plumbing and electrical as well as all new Milgard windows installed with permits in 2020. Priced at $300,000 per unit and $366 per gross square foot, The San Vicente Apartments is an excellent multi-family investment opportunity. In addition to the solid fundamentals, the property offers a new owner over 40% in very achievable income upside potential. Market rents in the area call for a minimum of $2,150 for a redone 1 bedroom unit, making this an excellent multi-family investment property that has been well maintained and cared for with a stable income stream ready to be taken to the next level!

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-01T16:42:55.003. 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/122288935
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5804 San Vicente Blvd Los Angeles, CA 90019

  • Price: $3,600,000
  • Status: Active
  • On Site: 50 Days
  • Updated: 62 min ago
  • MLS #: 21-794222
12
Beds
0
Baths
0
½ Baths
0.22
Acres
9,818
SQFT
$367
$/SQFT
1950
Built
Neighborhood:
Beverly Center-Miracle Mile
County:
Los Angeles
Area:
Beverly Center-Miracle Mile
Property Description
We are very pleased to offer for sale for the first time in over 50 years The San Vicente Apartments, 12 units situated in the highly coveted Wilshire Vista neighborhood of Los Angeles. Located at the SW corner of Curson Avenue and San Vicente, 5804 San Vicente is a beautifully charming 12 unit building that features all one-bedroom units and parking for 10 cars (4 in the back and 6 in the front garage). The San Vicente apartments boast a solid 84 Walkscore, as its located minutes from both The Grove, Beverly Center and Cedars Sinai as well as the upcoming UCLA hospital near the corner of Olympic and San Vicente. The units are separately metered for gas and electric, and the property boasts fully updated plumbing and electrical as well as all new Milgard windows installed with permits in 2020. Priced at $300,000 per unit and $366 per gross square foot, The San Vicente Apartments is an excellent multi-family investment opportunity. In addition to the solid fundamentals, the property offers a new owner over 40% in very achievable income upside potential. Market rents in the area call for a minimum of $2,150 for a redone 1 bedroom unit, making this an excellent multi-family investment property that has been well maintained and cared for with a stable income stream ready to be taken to the next level!
Exterior Features

Direction Faces North Levels Two Lot Size Area 9715 Other Structures None Parking Garage GarageTandemUncovered Total Parking 0 View Description City Lights View YN Yes

Interior Features

Baths Total 13.00 Common Walls Attached Cooling Wall Unit(S) Equipment Range/OvenRefrigeratorDishwasher Heating Wall Laundry Equipment Lease

Property Features

Gross Income 186748 Gross Operating Income 181146 Like Units1 12 Net Operating Income 116891.00 Number Of Buildings 1 Number Of Units 12 Owner Pays WaterGardener Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays GasElectricity Total Annual Expense 64255 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Dana Brody DRE#01429001 of Dana Brody.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-01T16:42:55.003. 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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