$1,900,000 Price Analysis   ♡   Los Angeles, CA 90026 16 bed 8 bath 4,714 SqFt ($403/SqFt) 6,689SqFt lot. Built 1958 Listed 2024-04-17, Taxes $2,968 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
We are pleased to present an 8 multi- unit resi dential property located in the thriving historic Filipino town community
* Sale Pending *Also known as HiFi, which is known for its diverse culinary scene. It is closely bordered by the eclectic and popular neighborhoods of Silverlake and Echo Park. Its central location provides easy access to the citys amenities and attractions, including a multitude of dining and entertainment options. Built in 1958, this multi-unit investment property, consists of eight units with 7 on-site allocated parking spaces.
Each unit features two-bedrooms with 1 bath. Five units will be delivered vacant and are therefore primed for transformation. This property offers the perfect canvas for investors looking to revitalize and enhance rental units in a sought-after location, with an easy to operate cash flow property and long term rent appreciation. The 5 vacant units can be rented at market rents with value-added upgrades that maximiz tenant appeal. Schedule a tour or contact us for a financial summary for a breakdown of revenue, expenses, NOI and cap rate.
Presented by Melanie Guillen at
Lee & Associates Los Angeles.
Property MLS #DW24076478 from CRMLS
Flooring: Tile
Heating: Yes
Lot Size Acres: 0.1535583
Lot Size Source: Assessor
Lot Size Square Feet: 6689
Parking Total: 7
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Bedrooms in Unit-5: 2
Bedrooms in Unit-6: 2
Bedrooms in Unit-7: 2
Bedrooms in Unit-8: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Total Bathrooms in Unit-8: 1
Tenant Pays: All Utilities
Rent Control: Yes
County: Los Angeles
Cap Rate: 9.14
Other Expense: 2400.00
Source Property Type: Residential Income
Insurance Expense: 3810.00
Area: C21 - Silver Lake - Echo Park
Source Neighborhood: C21 - Silver Lake - Echo Park
New Taxes Expense: 22800.00
Number of Separate Electric Meters: 8
Number of Separate Gas Meters: 8
Parcel Number: 5157006009
Postal Code Plus 4: 4829
Professional Management Expense: 9600.00
Trash Expense: 4257.40
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $116,647 + $40,406 $157,053 | $2,968 |
| 2021 | $114,360 + $39,614 $153,974 | $2,909 |
| 2020 | $113,188 + $39,208 $152,396 | $2,923 |
| 2019 | $110,969 + $38,440 $149,409 | $2,849 |
| 2018 | $108,794 + $37,687 $146,481 | $2,725 |
| 2017 | $106,661 + $36,949 $143,610 | $2,641 |
| 2016 | $104,570 + $36,225 $140,795 | $2,535 |
| 2015 | $103,000 + $35,681 $138,681 | $2,510 |
| 2014 | $100,983 + $34,983 $135,966 | $2,575 |
| 2013 | $100,527 + $34,825 $135,352 | $2,559 |
| 2012 | $98,556 + $34,143 $132,699 | $2,587 |
| 2010 | $96,624 + $33,474 $130,098 | $2,483 |
| 2009 | $96,130 + $33,303 $129,433 | $2,404 |
| 2009 | $95,902 + $33,224 $129,126 | $2,404 |
| 2008 | $94,246 + $32,650 $126,896 | $2,335 |
| 2007 | $92,399 + $32,010 $124,409 | $2,255 |
$1,900,000
CRMLS
Listing removed 2017-01-17
$1,200,000
CRMLS
Listed 2017-01-14
$1,200,000
CRMLS
Year Built: 1958
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: floor level
Property Age: 66
Property Attached: Yes
Property Condition: Repairs Cosmetic
Roof: Shingle
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Commercial/Residential
Year Built Source: Assessor
Sewer: Sewer: Public Sewer, Water Sewer Expense: 2425.50
Electricity Available
Natural Gas Available
Sewer Connected
Water Available
Water Source: Public
Map directions Map directions Map directions Map directions
 |  |  |  |  |
 |  |  |  |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.