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    1522 Hi Point St

    Los Angeles, CA 90035
    • $6,275,000
    • STATUS: Active
    • ON SITE: 6 days
    • ID#: 21-694366
    New On Site 6 Days Ago
    UPDATED: 20 min ago
    $6,275,000
    • 18
      BEDS
    • 0.39
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,766
      SQFT
    • $533
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1972
    County:

    School Ratings & Info

    Description

    Well-maintained building renovated down to the studs with copper plumbing throughout,15 of the 18 units include new electrical panels and windows | Large 17,003sf lot with ample opportunity for additional units through separating the lot and developing or via Accessory Dwelling Unit (ADU) program | Opportunity exists to enhance the units with new appliances for additional rental upside | 17.6% upside in rents with additional income opportunities in billing back utilities and charging for parking, with 27 spots for 18 units | 100% occupied with all tenants paying rent

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-24T20:43:10.697. 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/114307334
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    1522 Hi Point St Los Angeles, CA 90035

    • Price: $6,275,000
    • Status: Active
    • Updated: 20 min ago
    • ID#: 21-694366
    18
    Beds
    0
    Baths
    0
    ½ Baths
    0.39
    Acres
    11,766
    SQFT
    $533
    $/SQFT
    1972
    Built
    Neighborhood:
    Beverlywood Vicinity
    County:
    Los Angeles
    Area:
    Beverlywood Vicinity
    Property Description
    Well-maintained building renovated down to the studs with copper plumbing throughout,15 of the 18 units include new electrical panels and windows | Large 17,003sf lot with ample opportunity for additional units through separating the lot and developing or via Accessory Dwelling Unit (ADU) program | Opportunity exists to enhance the units with new appliances for additional rental upside | 17.6% upside in rents with additional income opportunities in billing back utilities and charging for parking, with 27 spots for 18 units | 100% occupied with all tenants paying rent
    Exterior Features

    Lot Size Area 17003 Other Structures None Parking Garage Parking For GuestsParking Space Total Parking 27

    Interior Features

    Bathroom Features Shower And Tub Baths Total 18.00 Cooking Appliances OvenMicrowaveCooktop - Gas Cooling None Equipment DishwasherRange/OvenFreezerRefrigerator Heating Central Laundry Community

    Property Features

    Assessed Total Value 3696858 Gross Income 425815 Gross Operating Income 1994 Like Units1 18 Net Operating Income 240507.00 Number Of Buildings 1 Number Of Units 18 Sale Type Standard Security Features Card/Code Access Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 172633 Type Of Units One Bedroom Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Jared Warren DRE# of Colliers International- Los Angeles.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-24T20:43:10.697. 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