$2,250,000 Price Analysis   ♡   Los Angeles, CA 90044 14 bed 7 bath 5,184 SqFt ($434/SqFt) 0.25 acre lot. Built 1991 Listed 2024-06-05 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Situated in the heart of LAs rapidly expanding Athen's neighborhood
The 7-unit property built in 1991 located at 735 Laconia Blvd offers an outstanding investment opportunity for investors. Surrounded by a blend of multi-family and single-family homes, this property provides ample gated parking and exceptional accessibility, enhancing its appeal to both tenants and owners. The building offers 5, 184 square feet of rentable space on a lot that measures under 11, 000 square feet. All 7-units within the building are 2-bedroom, 1-bathroom, catering to a wide range of potential tenants. The property has undergone extensive capital improvements, which include the installation of pavers, a secure electric fence and a new, durable roof. Additionally, the exterior has been enhanced with artificial grass and water-efficient plants, contributing to the propertys aesthetic appeal and sustainability. 735 Laconia Blvd enjoys a prime location with close access to various forms of transportation.
Residents benefit from its proximity to a diverse array of dining options, major shopping centers and reputable educational institutions. The property is strategically situated near key landmarks such as Los Angeles International Airport (LAX), SoFi Stadium and the 110/105 freeways. This prime location ensures easy access to public transportation and everyday necessities along the Vermont Avenue and El Segundo Boulevard corridors, further enhancing the propertys connectivity and convenience for residents who commute by car or rely on public transit. The property offers economically friendly units that are ideal for working-class individuals who value being centrally located within the dynamic business sectors of the Los Angeles area. The strong tenant occupancy histry in Los Angeles makes filling vacancies effortless, contributing to a stable and reliable income stream for investors. The citys robust economy, rich cultural celebrations and major sporting events attract s a diverse population of tenants, ensuring continuous demand for rental units. In summary, 735 Laconia Blvd stands out as a legacy asset that offers a unique combination of modern amenities, strategic location and stable income potential. Investors are afforded the opportunity to secure a property that promises long-term appreciation in one of Los Angeless most promising neighborhoods.
Presented by Justin White at
Justin White.
Property MLS #PW24114652 from CRMLS
Garage Spaces: 3
Parking Total: 10
Lot Size Acres: 0.2525
Lot Size Source: Public Records
Lot Size Square Feet: 11000
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
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
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 5100.00
Area: 122 - Harbor Gateway
Source Neighborhood: 122 - Harbor Gateway
New Taxes Expense: 26990.00
Number of Separate Electric Meters: 7
Number of Separate Gas Meters: 7
Number of Separate Water Meters: 7
Source System Name: C2C
$2,250,000
CRMLS
Listing removed 2009-07-06
$990,000
TheMLSCLAW
Listing removed 2009-07-05
$990,000
ITECH
Listing removed 2009-04-09
$919,000
TheMLSCLAW
Listing removed 2009-04-08
$919,000
ITECH
Listed 2009-04-04
$990,000
TheMLSCLAW
Listing removed 2009-02-22
$919,000
TheMLSCLAW
Listed 2009-02-13
$919,000
TheMLSCLAW
Listed 2009-01-08
$919,000
ITECH
Listed 2008-07-09
$990,000
ITECH
Year Built: 1991
Building Features: 1
Common Walls: 2+ Common Walls, No One Above, No One Below
Entry Level: 1
Entry Location: 1
Property Age: 33
Property Attached: Yes
Levels or Stories: Three Or More
Building Total Stories: 3
Structure Type: Commercial/Residential
Year Built Source: Public Records
Water Source: Public
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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.