1212 Amalia Avenue

    Los Angeles (City), CA 90022
    • $2,095,000
    • STATUS: Active
    • ON SITE: 139 days
    • ID#: 17277750
    UPDATED: 53 min ago
    $2,095,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,474
      SQFT
    • $280
      $/SQFT
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Ratings & Info

    Description

    The subject property is a 10-unit non-rent controlled multifamily property located in the City Terrace/East Los Angeles submarket. Because of its location within Unincorporated Los Angeles, the property is not subject to Los Angeles rent control. Constructed in 1930 amidst a Spanish Colonial Revival Period in Southern California architecture, the 7,474 square foot building distinguishes itself within the neighborhood with its Spanish tile roof, decorative wrought iron fencing, prevalent archways, and unique decorative accents. Several unit interiors have been renovated, including some combination of wood/tile flooring, new granite countertops, new recessed lighting, new cabinets, new fixtures, new windows, and upgraded bathrooms. Each of the units includes washer/ dryer hookups, a desirable amenity that often allows owners to charge premium rents.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-23T14:30:08.457. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.themarellygroup.com/homes/77342210

    1212 Amalia Avenue Los Angeles (City), CA 90022

    • Price: $2,095,000
    • Status: Active
    • Updated: 53 min ago
    • ID#: 17277750
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    7,474
    SQFT
    $280
    $/SQFT
    1930
    Built
    County:
    Los Angeles
    Property Description
    The subject property is a 10-unit non-rent controlled multifamily property located in the City Terrace/East Los Angeles submarket. Because of its location within Unincorporated Los Angeles, the property is not subject to Los Angeles rent control. Constructed in 1930 amidst a Spanish Colonial Revival Period in Southern California architecture, the 7,474 square foot building distinguishes itself within the neighborhood with its Spanish tile roof, decorative wrought iron fencing, prevalent archways, and unique decorative accents. Several unit interiors have been renovated, including some combination of wood/tile flooring, new granite countertops, new recessed lighting, new cabinets, new fixtures, new windows, and upgraded bathrooms. Each of the units includes washer/ dryer hookups, a desirable amenity that often allows owners to charge premium rents.
    Exterior Features

    Lot Features Sprinklers None Lot Size Source Assessor Lot Size Units Square Feet Parking Features Other Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 5.07 Gross Multiplier 13.35 Gross Operating Income 156900.00 Improvements Amount 800000 Land Value 500000 Laundry YN Yes Net Operating Income 106297.00 Special Listing Conditions Standard Total Expenses 45986.00 Zoning Lcr4yy

    Listing provided courtesy of Roderick "Rick" Raymundo of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-23T14:30:08.457. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    The Marelly Group | Realty One Group
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003