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1060 N Avenue 50

Los Angeles, CA 90042
  • $1,825,000
  • STATUS: Active
  • ON SITE: 125 days
  • ID#: 21-712454
UPDATED: 37 min ago
$1,825,000
  • 1
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,628
    SQFT
  • $694
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1947
County:

School Ratings & Info

Description

** Price Reduced by $75,000 - APPROVED ADU PLANS ** We are pleased to present for sale a rare opportunity to purchase a 7 unit multi-family asset in one of LA's hottest rental markets North Highland Park! 5 out 7 units have been extensively renovated and are comprised of (7) spacious studios. There have been substantial upgrades to the exterior AND interior units including new windows/doors, an electric panel, individual sub panels, electrical upgrades, new copper plumbing, new flooring, mini-split HVAC units, kitchen cabinets, designer countertops, new stainless steel appliances, bathroom vanities and tile, and in-unit laundry! Seller has APPROVED PLANS to convert two single car garage spaces into an additional 1 Bedroom & 1 Bathroom ADU. The property also offers tenants a large patio space for tenants to enjoy! Past appraisal records indicate gross living area of 2,628 SF while tax assessor shows 2,494 SF, buyer to verify and conduct their own due diligence pertaining to size of structure. EMAIL LISTING AGENT FOR OM!

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-03T07:42:21.373. 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/115606389
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1060 N Avenue 50 Los Angeles, CA 90042

  • Price: $1,825,000
  • Status: Active
  • Updated: 37 min ago
  • ID#: 21-712454
1
Beds
0
Baths
0
½ Baths
0.13
Acres
2,628
SQFT
$694
$/SQFT
1947
Built
Neighborhood:
Highland Park
County:
Los Angeles
Area:
Highland Park
Property Description
** Price Reduced by $75,000 - APPROVED ADU PLANS ** We are pleased to present for sale a rare opportunity to purchase a 7 unit multi-family asset in one of LA's hottest rental markets North Highland Park! 5 out 7 units have been extensively renovated and are comprised of (7) spacious studios. There have been substantial upgrades to the exterior AND interior units including new windows/doors, an electric panel, individual sub panels, electrical upgrades, new copper plumbing, new flooring, mini-split HVAC units, kitchen cabinets, designer countertops, new stainless steel appliances, bathroom vanities and tile, and in-unit laundry! Seller has APPROVED PLANS to convert two single car garage spaces into an additional 1 Bedroom & 1 Bathroom ADU. The property also offers tenants a large patio space for tenants to enjoy! Past appraisal records indicate gross living area of 2,628 SF while tax assessor shows 2,494 SF, buyer to verify and conduct their own due diligence pertaining to size of structure. EMAIL LISTING AGENT FOR OM!
Exterior Features

Lot Size Area 5746 Other Structures Other Parking Garage Garage Total Parking 7

Interior Features

Baths Total 7.00 Cooling Other Equipment DryerMicrowaveWasherRange/OvenRefrigerator Flooring Other Heating Other

Property Features

Assessed Total Value 1066410 Gross Income 118224 Gross Operating Income 114677 Like Units1 7 Net Operating Income 80496.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Appraiser Source Lot Size Area Assessor Total Annual Expense 34181 Type Of Units Investment Year Built Source Vendor Enhanced Zoning Lar1

Listing provided courtesy of Eric Dilanian DRE#01951699 of Remax Commercial And Investment Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-03T07:42:21.373. 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