125 W 40th Place

    Los Angeles (City), CA 90037
    • $3,700,000
    • STATUS: Active
    • ON SITE: 13 days
    • ID#: IV18164112
    $3,700,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,928
      SQFT
    • $266
      $/SQFT
    Type:
    Multi-Family
    Built:
    1914
    County:

    School Ratings & Info

    Description

    Highlight; Huge Upside in Potential Rental Income - Excellent ProForma CAP Rate of 5.85 % / ProForma GRM of 11.12 / Rental Comparables Illustrate a 100% Occupancy Area / Gated Entry / High Infill Location / The apartments located 126 W Martin Luther King Jr. Blvd / 125 W 40th Place Los Angeles, CA are situated on a 0.35 acre lot . This sixteen unit apartment community has an attractive unit mix of 6 one bedroom / one bathroom units, 6 two bedroom / one bathroom units, and four large three bedroom / one bathroom units. The one bedroom units are approximately 775 sq. ft. , the two bedroom units are very large at 875 sq. ft. With the three bedroom units being over 1,000 sq. ft. The property is centrally located in the Vernon-Main multi-family submarket of Los Angeles, CA.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-23T00:29:17.797. 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.playavistaliving.com/homes/85423831

    125 W 40th Place Los Angeles (City), CA 90037

    • Price: $3,700,000
    • Status: Active
    • ID#: IV18164112
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    13,928
    SQFT
    $266
    $/SQFT
    1914
    Built
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    Highlight; Huge Upside in Potential Rental Income - Excellent ProForma CAP Rate of 5.85 % / ProForma GRM of 11.12 / Rental Comparables Illustrate a 100% Occupancy Area / Gated Entry / High Infill Location / The apartments located 126 W Martin Luther King Jr. Blvd / 125 W 40th Place Los Angeles, CA are situated on a 0.35 acre lot . This sixteen unit apartment community has an attractive unit mix of 6 one bedroom / one bathroom units, 6 two bedroom / one bathroom units, and four large three bedroom / one bathroom units. The one bedroom units are approximately 775 sq. ft. , the two bedroom units are very large at 875 sq. ft. With the three bedroom units being over 1,000 sq. ft. The property is centrally located in the Vernon-Main multi-family submarket of Los Angeles, CA.
    Exterior Features

    Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Street Parking Total 0.00 Parking YN No 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 Area Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Curbs Country Us Electric Expense 3000.00 Elevation Units Feet Fuel Expense 3000.00 Gross Income 332640.00 Gross Scheduled Income 332640.00 Insurance Expense 3600.00 Land Lease YN No Laundry YN Yes Net Operating Income 216609.00 New Taxes Expense 42920.00 Number Of Separate Electric Meters 16 Number Of Separate Gas Meters 16 Number Of Separate Water Meters 1 Operating Expense 109379.00 Professional Management Expense 13039.00 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Total Expenses 109379.00 Trash Expense 3000.00 Water Sewer Expense 3000.00 Water Source Public Year Built Source Appraiser Zoning Lac2

    Listing provided courtesy of Albert Le of Le Investment Group.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-23T00:29:17.797. 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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