2524 5TH Avenue

    Los Angeles (City), CA 90018
    • $1,400,000
    • STATUS: Active
    • ON SITE: 69 days
    • ID#: 17296904
    UPDATED: 46 min ago
    $1,400,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,952
      SQFT
    • $354
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    We are pleased to present a four-unit multifamily property located in Los Angeles, California. Located at 2524 5th Avenue.The investment is also conveniently located near major freeways providing easy access throughout the city and or public transportation. This fourplex is currently 100% occupied by long term tenants. In addition, the property features on-site covered parking,manicured landscaping, and lovely curb appeal.Built in 1922, this investment consists of a wonderful unit mix of (4) 2bedroom / 1 bathroom units that is ideal for family housing. This property offers potential investors a rent controlled building in Los Angeles County that has a true value add opportunity.

    Monthly Payment Calculator



    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/79443983

    2524 5TH Avenue Los Angeles (City), CA 90018

    • Price: $1,400,000
    • Status: Active
    • Updated: 46 min ago
    • ID#: 17296904
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,952
    SQFT
    $354
    $/SQFT
    1922
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    We are pleased to present a four-unit multifamily property located in Los Angeles, California. Located at 2524 5th Avenue.The investment is also conveniently located near major freeways providing easy access throughout the city and or public transportation. This fourplex is currently 100% occupied by long term tenants. In addition, the property features on-site covered parking,manicured landscaping, and lovely curb appeal.Built in 1922, this investment consists of a wonderful unit mix of (4) 2bedroom / 1 bathroom units that is ideal for family housing. This property offers potential investors a rent controlled building in Los Angeles County that has a true value add opportunity.
    Exterior Features

    Garage Spaces 4.00 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Carport Detached Parking Total 4.00 Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 3.85 Country Us Gross Multiplier 21.00 Gross Operating Income 66660.00 Improvements Amount 254573 Land Value 203655 Laundry YN Yes Net Operating Income 57275.00 Number Of Separate Water Meters 4 Special Listing Conditions Standard Total Actual Rent 66660.00 Total Expenses 9385.00 Zoning Lard2

    Listing provided courtesy of Dante Underwood of Keller Williams Pasadena Mrkt.


    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