1309 Mohawk Street

    Los Angeles (City), CA 90026
    • $2,400,000
    • STATUS: Active
    • ON SITE: 22 days
    • ID#: PW18147225
    UPDATED: 13 min ago
    $2,400,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,200
      SQFT
    • $571
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    Great Opportunity to buy a turnkey, fully rehabbed four-unit apartment property in the highly sought-after Silver Lake/Echo Park neighborhood of Los Angeles, CA. The offering consists of a three bed/two bath unit, a two bed/two and a half bath unit, a two bed/two bath unit and a one bed/one bath unit.The property has been fully renovated, interior and exterior, in the past twelve months and is fully leased up at strong, top-of-the-market rents. Because it is separately metered for all utilities, 1309 Mohawk operates with a very low expense load allowing an owner to net a larger share of the monthly rents than is typical. Additionally, since the property is four units it could potentially qualify for attractive 30-year fixed interest rate residential financing. The asset is located in one of the most popular and in-demand neighborhoods by both tenants and owners alike - Silver Lake. Consistently ranked as one of the most attractive places to live in the entire Los Angeles Metro area, Silver Lake is known for its artsy and hip vibe and is home to countless upscale eateries, coffee shops, bars, boutique shopping options and more. The property is also in an excellent commuter location, with easy access to the 2 Freeway, the 101 Freeway and numerous mass transit options. Close proximity to Hollywood and Downtown Los Angeles. The property is walking distance from major shopping options, including Vons and Rite Aid and is located within half of a mile of two elementary schools.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-18T15:31:46.177. 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/84987543

    1309 Mohawk Street Los Angeles (City), CA 90026

    • Price: $2,400,000
    • Status: Active
    • Updated: 13 min ago
    • ID#: PW18147225
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,200
    SQFT
    $571
    $/SQFT
    1923
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    Great Opportunity to buy a turnkey, fully rehabbed four-unit apartment property in the highly sought-after Silver Lake/Echo Park neighborhood of Los Angeles, CA. The offering consists of a three bed/two bath unit, a two bed/two and a half bath unit, a two bed/two bath unit and a one bed/one bath unit.The property has been fully renovated, interior and exterior, in the past twelve months and is fully leased up at strong, top-of-the-market rents. Because it is separately metered for all utilities, 1309 Mohawk operates with a very low expense load allowing an owner to net a larger share of the monthly rents than is typical. Additionally, since the property is four units it could potentially qualify for attractive 30-year fixed interest rate residential financing. The asset is located in one of the most popular and in-demand neighborhoods by both tenants and owners alike - Silver Lake. Consistently ranked as one of the most attractive places to live in the entire Los Angeles Metro area, Silver Lake is known for its artsy and hip vibe and is home to countless upscale eateries, coffee shops, bars, boutique shopping options and more. The property is also in an excellent commuter location, with easy access to the 2 Freeway, the 101 Freeway and numerous mass transit options. Close proximity to Hollywood and Downtown Los Angeles. The property is walking distance from major shopping options, including Vons and Rite Aid and is located within half of a mile of two elementary schools.
    Exterior Features

    Garage Spaces 0.00 Lot Features Front Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 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 1 Common Wall Laundry Features Dryer IncludedWasher Included

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Urban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1200.00 Gross Income 162480.00 Gross Scheduled Income 162480.00 Insurance Expense 2000.00 Land Lease YN No Laundry YN Yes Maintenance Expense 1000.00 Net Operating Income 115761.00 New Taxes Expense 29108.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Operating Expense 43470.00 Other Expense 1200.00 Professional Management Expense 7962.00 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Total Expenses 43470.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Zoning Lard2

    Listing provided courtesy of Daniel Lewin of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-18T15:31:46.177. 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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