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    4515 August St

    Los Angeles, CA 90008
    • $3,600,000
    • STATUS: Pending
    • ON SITE: 18 days
    • ID#: 21-722936
    Pending
    UPDATED: 70 min ago
    $3,600,000
    • 28
      BEDS
    • 0.41
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 17,143
      SQFT
    • $210
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    Rental Upside - The current rents are substantially below market and there is approximately 50% upside in rents, which yields a 7.32% cap rate at asking price once stabilized. | Attractive Unit-Mix - Subject property consists of (8) 1 Bed / 1 Bath Units and (10) 2 Bed / 2 Bath Units. | Delivered with Vacancies - Property will be delivered with two vacancies. Please contact listings agents for further information. *Property subject to soft-story retrofit*

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-12T17:42:42.113. 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/116435293
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    4515 August St Los Angeles, CA 90008

    • Price: $3,600,000
    • Status: Pending
    • Updated: 70 min ago
    • ID#: 21-722936
    28
    Beds
    0
    Baths
    0
    ½ Baths
    0.41
    Acres
    17,143
    SQFT
    $210
    $/SQFT
    1957
    Built
    Neighborhood:
    Park Hills Heights
    County:
    Los Angeles
    Area:
    Park Hills Heights
    Property Description
    Rental Upside - The current rents are substantially below market and there is approximately 50% upside in rents, which yields a 7.32% cap rate at asking price once stabilized. | Attractive Unit-Mix - Subject property consists of (8) 1 Bed / 1 Bath Units and (10) 2 Bed / 2 Bath Units. | Delivered with Vacancies - Property will be delivered with two vacancies. Please contact listings agents for further information. *Property subject to soft-story retrofit*
    Exterior Features

    Lot Size Area 17774 Other Structures None Parking Garage Other Total Parking 28

    Interior Features

    Baths Total 28.00 Cooling None Equipment Other Heating Other

    Property Features

    Assessed Total Value 333992 Gross Income 209964 Gross Operating Income 199646 Like Units1 8 Like Units2 10 Net Operating Income 76721.00 Number Of Buildings 1 Number Of Units 18 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 122925 Type Of Units Mixed Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of William James DRE#01734419 of James Capital Advisors, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-12T17:42:42.113. 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