2101 Estrella Ave

    Los Angeles, CA 90007
    • $2,300,000
    • STATUS: Active
    • ON SITE: 259 days
    • ID#: 19-492704
    UPDATED: 128 min ago
    $2,300,000
    • 15
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,273
      SQFT
    • $248
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1908
    County:

    School Ratings & Info

    Description

    We are pleased to offer for sale this eight (8) unit, fifteen (15) bedroom multifamily investment offering, located blocks away from the internationally renowned University of Southern California (USC). The subject property is constructed of wood frame and stucco in 1908, with approximately 9,273 rentable square feet on a 8,758 square foot lot. The asset is comprised of three (3) two-story structures, with a unit mix consisting of five (5) Studios, one (1) commercial space (currently occupied as a supermarket), & two (2) 5+3 houses (units). Given the location, attractive local area amenities, and opportunity to increase rental income, this value-add investment presents an excellent opportunity for an investor to acquire a unique property with a tremendous amount of potential upside of about 45%.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-09T23:53:56.857. 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/97271878

    2101 Estrella Ave Los Angeles, CA 90007

    • Price: $2,300,000
    • Status: Active
    • Updated: 128 min ago
    • ID#: 19-492704
    15
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    9,273
    SQFT
    $248
    $/SQFT
    1908
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    We are pleased to offer for sale this eight (8) unit, fifteen (15) bedroom multifamily investment offering, located blocks away from the internationally renowned University of Southern California (USC). The subject property is constructed of wood frame and stucco in 1908, with approximately 9,273 rentable square feet on a 8,758 square foot lot. The asset is comprised of three (3) two-story structures, with a unit mix consisting of five (5) Studios, one (1) commercial space (currently occupied as a supermarket), & two (2) 5+3 houses (units). Given the location, attractive local area amenities, and opportunity to increase rental income, this value-add investment presents an excellent opportunity for an investor to acquire a unique property with a tremendous amount of potential upside of about 45%.
    Exterior Features

    Lot Size Area 8758 Other Structures Other Parking Garage None Pool YN No Tennis YN No Total Parking 0

    Interior Features

    Baths Total 11.00 Cooling Other Den No Dining Room No Equipment Other Family Room No Heating Other

    Property Features

    Gross Income 160920 Gross Operating Income 160920 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 114893.00 Number Of Buildings 3 Number Of Units 8 Sale Type Standard Source Living Area Assessor Source Lot Size Area Vendor Enhanced Total Annual Expense 42809 Type Of Units Mixeduse Apt Zoning Lard1.5

    Listing provided courtesy of Davis Saadian DRE#01921748 of Brc Advisors- Bh.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-09T23:53:56.857. 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.
     
    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583