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945 N Beaudry Ave

Los Angeles, CA 90012
  • $2,490,000
  • STATUS: Active Under Contract
  • ON SITE: 43 Days
  • MLS #: 21-796630
Under Contract
UPDATED: 62 min ago
$2,490,000
  • 17
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,810
    SQFT
  • $366
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1968
County:

School Ratings & Info

Description

945 N. Beaudry Avenue, an 8-unit multifamily investment property located in the culturally dynamic and rapidly developing neighborhood of Chinatown. This is the first time the property has been put on the market and is being sold by the family of the developer. Located just North of Sunset Boulevard, the subject property is conveniently located near a diverse selection of recreational activities (charming cafes, trendy restaurants and nightlife options) and offers easy access to the 110 and 101 Freeways. The 6,974 SF two-story building is comprised of (1) 3-bdrm. and 2-bath townhouse-style unit (perfect for an owner's unit) and (7) 2-bdrm. and 1-bath units. Please note, 4 units will be delivered vacant upon COE. The units offer a value-add opportunity to potential investors, as current rents are approx. 32% below market value for nicely remodeled units in the area.Located in a neighborhood that is currently seeing several large-scale developments, 945 N. Beaudry presents investors with the opportunity to acquire an ideal value-add investment in a neighborhood with tremendous promise.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-01T15:42:57.52. 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/122552682
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945 N Beaudry Ave Los Angeles, CA 90012

  • Price: $2,490,000
  • Status: Active Under Contract
  • On Site: 43 Days
  • Updated: 62 min ago
  • MLS #: 21-796630
17
Beds
0
Baths
0
½ Baths
N/A
Acres
6,810
SQFT
$366
$/SQFT
1968
Built
Neighborhood:
Silver Lake - Echo Park
County:
Los Angeles
Area:
Silver Lake - Echo Park
Property Description
945 N. Beaudry Avenue, an 8-unit multifamily investment property located in the culturally dynamic and rapidly developing neighborhood of Chinatown. This is the first time the property has been put on the market and is being sold by the family of the developer. Located just North of Sunset Boulevard, the subject property is conveniently located near a diverse selection of recreational activities (charming cafes, trendy restaurants and nightlife options) and offers easy access to the 110 and 101 Freeways. The 6,974 SF two-story building is comprised of (1) 3-bdrm. and 2-bath townhouse-style unit (perfect for an owner's unit) and (7) 2-bdrm. and 1-bath units. Please note, 4 units will be delivered vacant upon COE. The units offer a value-add opportunity to potential investors, as current rents are approx. 32% below market value for nicely remodeled units in the area.Located in a neighborhood that is currently seeing several large-scale developments, 945 N. Beaudry presents investors with the opportunity to acquire an ideal value-add investment in a neighborhood with tremendous promise.
Exterior Features

Covered Parking 6 Cross Streets N. Beaudry Avenue & Figueroa Terrace Entry Location Ground Level W/Steps Lot Location Alley Access Lot Size Area 6974 Other Structures None Parking Garage Covered ParkingTandem Pool Description None Pool YN No Spa None Spa YN No Total Parking 8 View Description None View YN No

Interior Features

Baths Total 9.00 Common Walls Attached Cooling None Equipment Built-InsRefrigeratorRange/Oven Fireplace Rooms None Heating Wall Laundry CommunityRoom

Property Features

Gross Income 177903 Gross Operating Income 172566 Like Units1 1 Like Units2 4 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 110604.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 61961 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Kenny Stevens DRE#01090251 of Compass.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-01T15:42:57.52. 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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