1650 Lucretia Avenue

    Los Angeles (City), CA 90026
    • $1,295,000
    • STATUS: Active
    • ON SITE: 191 days
    • ID#: 17296394
    UPDATED: 14 min ago
    $1,295,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,320
      SQFT
    • $558
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    This triplex is located in the prime Echo Park neighborhood of Los Angeles, within walking distance to trendy neighborhood boutique shops, a variety of entertainment venues and many options for casual and upscale dining. Built in 1962, this two-story building measures 2,320 square feet on 5,787 square feet of land. The unit mix of 100% two bedroom one bathroom units is desirable and a large parking lot on Echo Park Avenue brings in extra parking income. The building also recently completed a tuck under seismic retrofit.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-24T15:27:49.687. 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/79398372

    1650 Lucretia Avenue Los Angeles (City), CA 90026

    • Price: $1,295,000
    • Status: Active
    • Updated: 14 min ago
    • ID#: 17296394
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    2,320
    SQFT
    $558
    $/SQFT
    1962
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    This triplex is located in the prime Echo Park neighborhood of Los Angeles, within walking distance to trendy neighborhood boutique shops, a variety of entertainment venues and many options for casual and upscale dining. Built in 1962, this two-story building measures 2,320 square feet on 5,787 square feet of land. The unit mix of 100% two bedroom one bathroom units is desirable and a large parking lot on Echo Park Avenue brings in extra parking income. The building also recently completed a tuck under seismic retrofit.
    Exterior Features

    Lot Size Source See Remarks Lot Size Units Square Feet Parking Features Uncovered Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 2.82 Electric Expense 2315.00 Gross Multiplier 17.60 Gross Operating Income 69279.00 Improvements Amount 155985 Insurance Expense 2756.00 Land Value 374375 Laundry YN Yes Maintenance Expense 4414.00 Net Operating Income 32208.00 Operating Expense 2285.00 Other Expense 736.00 Professional Management Expense 3150.00 Special Listing Conditions Standard Total Expenses 37071.00 Zoning Lard1.5

    Listing provided courtesy of David Kaufman of David Ballin Kaufman.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-24T15:27:49.687. 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.
     
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    Bonsall CA, 92003