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4800 Coliseum St

Los Angeles, CA 90016
  • $1,560,000
  • STATUS: Closed
  • ON SITE: 71 Days
  • ID#: 22-150011
Sold - 07/01/2022
$1,560,000
SOLD - 07/01/2022
  • 12
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,236
    SQFT
  • $216
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1954
County:

School Ratings & Info

Description

We are pleased to present an eight (8) unit apartment building located at 4800 Coliseum Street in Los Angeles, California. The subject property is situated in a solid Baldwin Village location, south of Coliseum Street and east of South La Brea Avenue. Built in 1954, this property contains a great unit mix of four (4) one bedroom / one bathroom units and four (4) two bedroom / one bathroom units. Situated on a signalized hard corner, the property features a large open center shared courtyard, large units, seven (7) gated carport parking spaces, and is well-maintained. Tenants will enjoy being in a central location to nearby employers throughout Los Angeles, as well as being in close proximity to restaurant and retail amenities across South La Brea Avenue and West Martin Luther King Jr Boulevard. Some of the amenities include the Baldwin Hills Crenshaw Plaza, Pizza Rossa, Yordanos Ethiopian, and Lany Kitchens Bakery. Employers in the area are large-size businesses including Marathon, Whitboy Inc., A & W Contractors Inc., Ideal Program Services, Retrospecs & Co Authentic Earl, Stanley pest Control Los Angeles Branch, Angelus, Cardenas Trucking Inc., Angelus Funeral Home, Gare Inc., and Towing Specialists Inc. Situated in a solid Baldwin Village location, this offering presents an excellent opportunity for a value-add investor to capitalize on over 55% rental upside potential in an affordable transportation hub of Los Angeles.

Sold by Jason Tuvia BRE#01772495 of Marcus & Millichap.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-07-05T23:42:50.647. 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/128045995
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4800 Coliseum St Los Angeles, CA 90016

  • Price: $1,625,000
  • Status: Closed
  • On Site: 71 Days
  • ID#: 22-150011
12
Beds
0
Baths
0
½ Baths
0.19
Acres
7,236
SQFT
$216
$/SQFT
1954
Built
Neighborhood:
Park Hills Heights
County:
Los Angeles
Area:
Park Hills Heights
Property Description
We are pleased to present an eight (8) unit apartment building located at 4800 Coliseum Street in Los Angeles, California. The subject property is situated in a solid Baldwin Village location, south of Coliseum Street and east of South La Brea Avenue. Built in 1954, this property contains a great unit mix of four (4) one bedroom / one bathroom units and four (4) two bedroom / one bathroom units. Situated on a signalized hard corner, the property features a large open center shared courtyard, large units, seven (7) gated carport parking spaces, and is well-maintained. Tenants will enjoy being in a central location to nearby employers throughout Los Angeles, as well as being in close proximity to restaurant and retail amenities across South La Brea Avenue and West Martin Luther King Jr Boulevard. Some of the amenities include the Baldwin Hills Crenshaw Plaza, Pizza Rossa, Yordanos Ethiopian, and Lany Kitchens Bakery. Employers in the area are large-size businesses including Marathon, Whitboy Inc., A & W Contractors Inc., Ideal Program Services, Retrospecs & Co Authentic Earl, Stanley pest Control Los Angeles Branch, Angelus, Cardenas Trucking Inc., Angelus Funeral Home, Gare Inc., and Towing Specialists Inc. Situated in a solid Baldwin Village location, this offering presents an excellent opportunity for a value-add investor to capitalize on over 55% rental upside potential in an affordable transportation hub of Los Angeles.
Exterior Features

Carport Spaces Total 6 Cross Streets Coliseum St & S La Brea Ave Lot Description Single LotCurbsAlley Paved Lot Location City Lot Size Area 8224 Other Structures Stall(S) Parking Garage Carport DetachedCarportBuilt-In StorageGated Patio Features Patio Open Paved YN Yes Pool Description None Pool YN No Spa None Spa YN No Tennis Court None Total Parking 7 View Description City View YN Yes

Interior Features

Baths Total 8.00 Common Walls Attached Cooling Air Conditioning Equipment Built-Ins Heating Wall

Property Features

Alley YN Yes Assessed Total Value 858606 Gross Income 111396 Gross Operating Income 108054 Land Lease Type Fee Like Units1 4 Like Units2 4 Net Operating Income 60375.00 Number Of Buildings 1 Number Of Units 8 Property Condition Updated/Remodeled Sale Type Standard Security Features Gated Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 47679 Type Of Units Market Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Jason Tuvia DRE#01772495 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-07-05T23:42:50.647. 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