Skip To Content

322 S Commonwealth Ave

Los Angeles, CA 90020
  • $3,500,000
  • STATUS: Active Under Contract
  • ON SITE: 47 Days
  • ID#: 22-155357
Under Contract
UPDATED: 159 min ago
$3,500,000
  • 16
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,438
    SQFT
  • $306
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1962
County:
Area:

School Ratings & Info

Description

Probate sale, subject to Court confirmation and overbidding in Court. 12-unit apartment building with parking in Rampart Village! Just a short distance to the Wilshire / Vermont and Vermont / Beverly Metro stations, and easy access to Hollywood Fwy (I-101). For sale AFTER 16 years! Long-term tenants. Over 60% upside in rents. Great unit mix with 8 X large 1 bed 1 bath, and 4 X large 2 bed 2 bath units. Each unit is separately metered for gas and electricity. Soft-story retrofit is not yet done. Buyer to assume responsibility. Property is being sold AS IS and WHERE IS. Buyer to conduct their own investigations.

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-07-02T23:42:50.78. 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/128788828
Print Image

322 S Commonwealth Ave Los Angeles, CA 90020

  • Price: $3,500,000
  • Status: Active Under Contract
  • On Site: 47 Days
  • Updated: 159 min ago
  • ID#: 22-155357
16
Beds
0
Baths
0
½ Baths
0.2
Acres
11,438
SQFT
$306
$/SQFT
1962
Built
Neighborhood:
Mid-Wilshire
County:
Los Angeles
Area:
Mid-Wilshire
Property Description
Probate sale, subject to Court confirmation and overbidding in Court. 12-unit apartment building with parking in Rampart Village! Just a short distance to the Wilshire / Vermont and Vermont / Beverly Metro stations, and easy access to Hollywood Fwy (I-101). For sale AFTER 16 years! Long-term tenants. Over 60% upside in rents. Great unit mix with 8 X large 1 bed 1 bath, and 4 X large 2 bed 2 bath units. Each unit is separately metered for gas and electricity. Soft-story retrofit is not yet done. Buyer to assume responsibility. Property is being sold AS IS and WHERE IS. Buyer to conduct their own investigations.
Exterior Features

Cross Streets W 3rd St And S Virgil Ave Direction Faces West Lot Description Walk StreetFenced Lot Location FlatsCity Lot Size Area 8793 Other Structures None Parking Garage Carport AttachedCovered Parking Pool Description None Pool YN No Roof Flat Spa None Spa YN No Style Traditional Total Parking 18 View Description Walk Street View YN Yes Water Frontage None

Interior Features

Baths Total 16.00 Common Walls Detached/No Common Walls Cooking Appliances Gas/Electric RangeMicrowave Cooling Wall/WindowCentral Equipment Range/Oven Fireplace Rooms None Flooring CarpetTileVinyl Heating Wall Gas Water Heater Features Water Heater UnitGas

Property Features

Assessed Total Value 1616003 Disability Access None Gross Income 188188 Gross Operating Income 188188 Like Units1 4 Like Units2 8 Monthly Gross Income 15682.00 Net Operating Income 104940.00 Number Of Buildings 1 Number Of Units 12 Owner Pays Water Rent Control YN Yes Sale Type Probate Listing Security Features Carbon Monoxide Detector(S)Smoke Detector Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays GasElectricity Total Annual Expense 73838 Type Of Units Residential Water District Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar4

Listing provided courtesy of Vineendra Jain DRE#01413466 of Ingenious Asset Group, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-07-02T23:42:50.78. 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.
 
Logo
eXp Realty of California, Inc.
2603 Camino Ramon, Suite 200
San Ramon CA, 94583