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    1017 W 25Th St

    Los Angeles, CA 90007
    • $1,475,000
    • STATUS: Active Under Contract
    • ON SITE: 68 days
    • ID#: 20-606756
    Under Contract
    $1,475,000
    • 8
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,412
      SQFT
    • $334
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1903
    County:

    School Ratings & Info

    Description

    This property is a multi family building that is located in the historic West Adams neighborhood near USC. Originally constructed in 1903, this property features 8 apartment units including 1-two bedroom / two bathroom, 2-one bedroom / one bathroom and 5 studios, all within 4,412 rentable square feet. There are six full size parking spaces with the potential to park two subcompact cars.The property is walking distance to Ralphs Grocery and approximately a mile away from USC. The West Adams area is experiencing revitalization with young professionals, many great restaurants and amenities, and new businesses moving into the area. Many historic homes in the area are being renovated and restored to their previous elegance. The property has long term tenants paying under market rent. This property will appeal to investors looking for a value-add opportunity with upside in rents in a neighborhood experiencing tremendous growth.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-26T23:42:33.873. 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.brandiprattrealestate.com/homes/108040389
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    1017 W 25Th St Los Angeles, CA 90007

    • Price: $1,475,000
    • Status: Active Under Contract
    • ID#: 20-606756
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    4,412
    SQFT
    $334
    $/SQFT
    1903
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    This property is a multi family building that is located in the historic West Adams neighborhood near USC. Originally constructed in 1903, this property features 8 apartment units including 1-two bedroom / two bathroom, 2-one bedroom / one bathroom and 5 studios, all within 4,412 rentable square feet. There are six full size parking spaces with the potential to park two subcompact cars.The property is walking distance to Ralphs Grocery and approximately a mile away from USC. The West Adams area is experiencing revitalization with young professionals, many great restaurants and amenities, and new businesses moving into the area. Many historic homes in the area are being renovated and restored to their previous elegance. The property has long term tenants paying under market rent. This property will appeal to investors looking for a value-add opportunity with upside in rents in a neighborhood experiencing tremendous growth.
    Exterior Features

    Cross Streets Adams & Hoover Lot Size Area 7072 Other Structures None Parking Garage Assigned Total Parking 6

    Interior Features

    Baths Total 8.00 Cooking Appliances Oven-Gas Cooling Air Conditioning Equipment RefrigeratorRange/Oven Flooring HardwoodCarpet Heating Wall Laundry None

    Property Features

    Assessed Total Value 483889 Entry Floor Number 2 Garage Income 300.00 Gross Income 106794 Gross Operating Income 106794 Like Units1 5 Like Units2 2 Like Units3 1 Net Operating Income 58610.00 Number Of Buildings 1 Number Of Units 8 Owner Pays ElectricityGasWater Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 48424 Type Of Units 8 Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Laura Alice Scaturro DRE#01942167 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-26T23:42:33.873. 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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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583