This 23-unit 1920's building in South LA consists of three 1-bedrooms and 20-studios. Built in 1925 and newly renovated with Certificate of Occupancy in 2024, this property is fully occupied. Three new units were added to the existing floorplan and 16 units were separately metered for electricity. This building is priced to sell at a 7.0% cap rate on current income with the potential for 13.3% more rental upside.
Property Features
Bedrooms
Appliances
- Laundry Features: Common Area
Bathrooms
Land Info
- Lot Description: Rectangular Lot
- Lot Size Acres: 0.1435491
- Lot Size Source: Assessor
- Lot Size Square Feet: 6253
Multi-Unit Info
- Number of Units: 23
- Bedrooms in Unit-3: 1
- Total Bathrooms in Unit-1: 11
- Total Bathrooms in Unit-2: 9
- Total Bathrooms in Unit-3: 3
Homeowners Association
- Gardener Expense: 720.00
- Maintenance Expense: 17250.00
Rental Info
- Tenant Pays: Electricity, Insurance
- Vacancy Allowance: 12984
- Rent Control: Yes
Amenities and Community Features
- Community Features: Urban
Other Property Info
- Source Listing Status: Active
- County: Los Angeles
- Other Expense: 200.00
- Source Property Type: Residential Income
- Insurance Expense: 22046.00
- Area: C42 - Downtown L.A.
- Source Neighborhood: C42 - Downtown L.A.
- New Taxes Expense: 52708.00
- Number of Separate Electric Meters: 16
- Number of Separate Gas Meters: 1
- Number of Separate Water Meters: 1
- Parcel Number: 5128009006
- Pest Control Expense: 1080.00
- Professional Management Expense: 16794.00
- Trash Expense: 5839.00
- Zoning: LARD1.5
- Source System Name: C2C
Commercial Info
- Net Operating Income: 278904.00
Building and Construction
- Total Square Feet Living: 7312
- Year Built: 1925
- Building Features: 1
- Common Walls: No Common Walls
- Entry Level: 1
- Entry Location: Front
- Property Age: 100
- Building Total Stories: 2
- Structure Type: Apartment
- Year Built Source: Assessor
Utilities
- Sewer: Sewer: Public Sewer, Water Sewer Expense: 7500.00
- Water Source: Public
