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432 Solano Ave

Los Angeles, CA 90012
  • $1,195,000
  • STATUS: Active Under Contract
  • ON SITE: 12 Days
  • ID#: 22-115495
Under Contract
UPDATED: 7 min ago
$1,195,000
  • 6
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,482
    SQFT
  • $343
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Description

Fantastic investment opportunity in the heart of Los Angeles. Located in Solano Canyon, on the northern part of Downtown Los Angeles, close to Dodger Stadium, 432 Solano Ave is a striking five-unit building with a detached single-family unit in the back of the lot, and a fourplex in the front. All the apartments are currently occupied. The single-family house has 2 bedrooms 1 bathroom and has been lovingly remodeled. All the units have hardwood floors. In addition, the current owner has undertaken significant improvements to the property, including a foundation seismic retrofit and the units were totally rehabbed along with a new roof in 2015. The spacious and nicely laid out four 1 bedroom 1-bathroom apartments in the front building all have a laundry area and hookups. The units are separately metered for gas and electricity.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-17T13:42:37.287. 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/124438974
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432 Solano Ave Los Angeles, CA 90012

  • Price: $1,195,000
  • Status: Active Under Contract
  • On Site: 12 Days
  • Updated: 7 min ago
  • ID#: 22-115495
6
Beds
0
Baths
0
½ Baths
0.13
Acres
3,482
SQFT
$343
$/SQFT
1924
Built
Neighborhood:
Silver Lake - Echo Park
County:
Los Angeles
Area:
Silver Lake - Echo Park
Property Description
Fantastic investment opportunity in the heart of Los Angeles. Located in Solano Canyon, on the northern part of Downtown Los Angeles, close to Dodger Stadium, 432 Solano Ave is a striking five-unit building with a detached single-family unit in the back of the lot, and a fourplex in the front. All the apartments are currently occupied. The single-family house has 2 bedrooms 1 bathroom and has been lovingly remodeled. All the units have hardwood floors. In addition, the current owner has undertaken significant improvements to the property, including a foundation seismic retrofit and the units were totally rehabbed along with a new roof in 2015. The spacious and nicely laid out four 1 bedroom 1-bathroom apartments in the front building all have a laundry area and hookups. The units are separately metered for gas and electricity.
Exterior Features

Levels Multi/Split Lot Size Area 5835 Other Structures None Parking Garage None Style Low Rise Total Parking 0 View Description None View YN No

Interior Features

Baths Total 5.00 Cooling None Equipment Ceiling FanGarbage DisposalRefrigeratorRange/OvenDryerWasher Flooring HardwoodLaminate Heating Wall Gas Laundry Laundry Area

Property Features

Assessed Total Value 929596 Gross Income 7584 Gross Operating Income 88285 Like Units1 4 Like Units2 1 Net Operating Income 55982.00 Number Of Buildings 2 Number Of Units 5 Owner Pays GardenerWaterOther Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays GasElectricity Total Annual Expense 32302 Type Of Units Apartment Year Built Source Assessor Zoning Lar2

Listing provided courtesy of C. Wolf Baschung DRE#01369850 of Keller Williams Beverly Hills.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-17T13:42:37.287. 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