1801 S Highland Avenue

    Los Angeles (City), CA 90019
    • $1,875,000
    • STATUS: Active
    • ON SITE: 87 days
    • ID#: 17292342
    UPDATED: 55 min ago
    $1,875,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,174
      SQFT
    • $362
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Ratings & Info

    Description

    We are pleased to offer for sale a five-unit apartment property at 1801 S. Highland Avenue in the highly sought-after Mid-City district of Los Angeles, CA . The property boasts a diverse unit mix of 1 one-bedroom/one-bathroom unit, 2 two-bedroom/one-bathroom units, 1 three-bedroom/one-bathroom unit, and 1 four-bedroom/two-bathroom unit, all within a 5,174 square foot building situated on a corner lot. Within the past year, the property has been extensively upgraded throughout. Exterior and common area improvements include new landscaping, new exterior paint, and new light fixtures. Select individual units were repositioned via high-end amenities such as in-unit washer/dryers, new kitchen cabinets with quartz countertops and glass backsplashes, new stainless steel appliances, new ceramic tile and wood laminate flooring, and new drywall with updated paint. Improving both energy efficiency and general tenant comfort are the new double pane windows and new energy efficient light fixtures

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-24T12:27:03.557. 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/79007350

    1801 S Highland Avenue Los Angeles (City), CA 90019

    • Price: $1,875,000
    • Status: Active
    • Updated: 55 min ago
    • ID#: 17292342
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    5,174
    SQFT
    $362
    $/SQFT
    1928
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    We are pleased to offer for sale a five-unit apartment property at 1801 S. Highland Avenue in the highly sought-after Mid-City district of Los Angeles, CA . The property boasts a diverse unit mix of 1 one-bedroom/one-bathroom unit, 2 two-bedroom/one-bathroom units, 1 three-bedroom/one-bathroom unit, and 1 four-bedroom/two-bathroom unit, all within a 5,174 square foot building situated on a corner lot. Within the past year, the property has been extensively upgraded throughout. Exterior and common area improvements include new landscaping, new exterior paint, and new light fixtures. Select individual units were repositioned via high-end amenities such as in-unit washer/dryers, new kitchen cabinets with quartz countertops and glass backsplashes, new stainless steel appliances, new ceramic tile and wood laminate flooring, and new drywall with updated paint. Improving both energy efficiency and general tenant comfort are the new double pane windows and new energy efficient light fixtures
    Exterior Features

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

    Interior Features

    Laundry Features Washer IncludedDryer Included

    Property Features

    Cap Rate 4.64 Gross Multiplier 14.63 Gross Operating Income 128196.00 Improvements Amount 362100 Land Value 816000 Laundry YN Yes Net Operating Income 86985.00 Special Listing Conditions Standard Total Expenses 37365.00 Zoning Lard1.5

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


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-24T12:27:03.557. 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