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4434 Lowell Ave

Los Angeles, CA 90032
  • $1,625,000
  • STATUS: Active Under Contract
  • ON SITE: 90 Days
  • ID#: 22-216841
Under Contract
UPDATED: 48 min ago
$1,625,000
  • 12
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,044
    SQFT
  • $322
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1965
County:
Area:

School Ratings & Info

Description

4434 Lowell Ave (the "Property") is a quaint six-unit apartment building set along a tree lined street in Northeast Los Angeles. The property is surrounded primarily by single family homes creating a peaceful low-density residential neighborhood environment for renters. The property is comprised entirely of spacious two-bedroom one-bath units which have been meticulously renovated by the current ownership. Some of the in-unit upgrades include hardwood floors, recessed lighting, granite or quartz countertops, new cabinets, stainless steel appliances, and shower area floor to ceiling tiles. A new owner can capitalize on approximately 25% of additional net operating income as units turn. The property is just minutes from the heart of South Pasadena one of Los Angeles's most desired rental locations and affluent neighborhoods. Renters have swift access to Highland Park, one of the region's trendiest neighborhoods with endless dining and nightlife options only a ten-minute drive away. Renters benefit from a short commute to the California Institute of Technology, Cal State LA, and nearby employment hubs of Downtown L.A. and Pasadena.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2023-02-08T10:42:33.14. 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/134655476
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4434 Lowell Ave Los Angeles, CA 90032

  • Price: $1,625,000
  • Status: Active Under Contract
  • On Site: 90 Days
  • Updated: 48 min ago
  • ID#: 22-216841
12
Beds
0
Baths
0
½ Baths
0.17
Acres
5,044
SQFT
$322
$/SQFT
1965
Built
Neighborhood:
El Sereno
County:
Los Angeles
Area:
El Sereno
Property Description
4434 Lowell Ave (the "Property") is a quaint six-unit apartment building set along a tree lined street in Northeast Los Angeles. The property is surrounded primarily by single family homes creating a peaceful low-density residential neighborhood environment for renters. The property is comprised entirely of spacious two-bedroom one-bath units which have been meticulously renovated by the current ownership. Some of the in-unit upgrades include hardwood floors, recessed lighting, granite or quartz countertops, new cabinets, stainless steel appliances, and shower area floor to ceiling tiles. A new owner can capitalize on approximately 25% of additional net operating income as units turn. The property is just minutes from the heart of South Pasadena one of Los Angeles's most desired rental locations and affluent neighborhoods. Renters have swift access to Highland Park, one of the region's trendiest neighborhoods with endless dining and nightlife options only a ten-minute drive away. Renters benefit from a short commute to the California Institute of Technology, Cal State LA, and nearby employment hubs of Downtown L.A. and Pasadena.
Exterior Features

Lot Size Area 7506 Other Structures None Parking Garage None Total Parking 6

Interior Features

Baths Total 6.00 Cooling None Equipment Range/Oven Flooring Hardwood Heating Wall Laundry Community

Property Features

Assessed Total Value 443540 Electric Expense 1615.00 Gardener Expense 1500.00 Gross Income 122884 Gross Operating Income 119632 Insurance Expense 2500.00 Like Units1 6 Maintenance Expense 4500.00 Management Expense 4785.00 Net Operating Income 77031.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 42601 Type Of Units Residential Water Expense 1615.00 Year Built Source Vendor Enhanced Zoning Lar1

Listing provided courtesy of Robert Narchi DRE#01788517 of Marcus & Millichap: 310-909-5500.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2023-02-08T10:42:33.14. 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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The Pratt Group | FIV Realty
47060 Washington Street, Suite 5202
La Quinta CA, 92253