11818 Gateway Boulevard

    Los Angeles (City), CA 90064
    • $4,250,000
    • STATUS: Closed
    • ON SITE: 147 days
    • ID#: SR18146231
    Sold - 10/16/2018
    $4,250,000
    SOLD - 10/16/2018
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,407
      SQFT
    • $408
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    TRUST SALE - BUYER DIDN'T PERFORM. BRING ALL OFFERS...REDUCED OVER $500,000 AND SELLER VERY MOTIVATED TO SELL! Rare opportunity to purchase a classic Mid-century styled 15- unit apartment building built in 1958. The Gateway is a 2-story, walk up set back from street for maximum privacy. It is situated on a 10,380 s.f. lot with great curb appeal. Unit combination includes studios, 1 bedrooms, 2-bedrooms and a 3 bedroom owners unit, a lush courtyard and carport parking to the rear. The 3 bedroom +G+owners+G- unit is comprised of a combination of 2 apartments created as one, that is upgraded with Viking range, crown moldings and granite counters, as well as full size laundry in unit that would be delivered vacant, and is valued at over $4,500 per month for our proforma. Sellers have had this in their family for generations and have maintained the old world charm, creating a true value add opportunity with tremendous upside in rents. Laundry room on site. The property offers location location location as it sits equidistant to the major employment centers of Century City, Westwood, Culver City and Santa Monica, just off the 405 Freeway in West L.A. TRUST SALE and property is being sold with no conditions or contingencies.

    Sold by Anngel Benoun of Dilbeck Real Estate.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T13:36:10.033. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/84863082

    11818 Gateway Boulevard Los Angeles (City), CA 90064

    • Price: $4,995,000
    • Status: Closed
    • Updated: 51 min ago
    • ID#: SR18146231
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    10,407
    SQFT
    $408
    $/SQFT
    1958
    Built
    Neighborhood:
    WLA - West Los Angeles
    County:
    Los Angeles
    Area:
    WLA - West Los Angeles
    Property Description
    TRUST SALE - BUYER DIDN'T PERFORM. BRING ALL OFFERS...REDUCED OVER $500,000 AND SELLER VERY MOTIVATED TO SELL! Rare opportunity to purchase a classic Mid-century styled 15- unit apartment building built in 1958. The Gateway is a 2-story, walk up set back from street for maximum privacy. It is situated on a 10,380 s.f. lot with great curb appeal. Unit combination includes studios, 1 bedrooms, 2-bedrooms and a 3 bedroom owners unit, a lush courtyard and carport parking to the rear. The 3 bedroom +G+owners+G- unit is comprised of a combination of 2 apartments created as one, that is upgraded with Viking range, crown moldings and granite counters, as well as full size laundry in unit that would be delivered vacant, and is valued at over $4,500 per month for our proforma. Sellers have had this in their family for generations and have maintained the old world charm, creating a true value add opportunity with tremendous upside in rents. Laundry room on site. The property offers location location location as it sits equidistant to the major employment centers of Century City, Westwood, Culver City and Santa Monica, just off the 405 Freeway in West L.A. TRUST SALE and property is being sold with no conditions or contingencies.
    Exterior Features

    Garage Spaces 14.00 Lot Features Lot 10000-19999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Total 14.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Community

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 12465.00 Elevation Units Feet Fuel Expense 2800.00 Gross Income 239652.00 Gross Scheduled Income 239652.00 Insurance Expense 4000.00 Land Lease YN No Laundry YN Yes Net Operating Income 135894.00 New Taxes Expense 67000.00 Number Of Separate Electric Meters 15 Number Of Separate Gas Meters 15 Number Of Separate Water Meters 0 Operating Expense 36758.00 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 103768.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Anngel Benoun of Dilbeck Real Estate and Melinda Russell of Cb Richard Ellis L.A. North Universal Ci.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T13:36:10.033. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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