2101 Estrella Avenue

    Los Angeles (City), CA 90007
    • $2,300,000
    • STATUS: Active
    • ON SITE: 258 days
    • ID#: 19492704
    UPDATED: 72 min ago
    $2,300,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1908
    County:

    School Ratings & Info

    Description

    We are pleased to offer for sale this eight (8) unit, fifteen (15) bedroom multifamily investment offering, located blocks away from the internationally renowned University of Southern California (USC). The subject property is constructed of wood frame and stucco in 1908, with approximately 9,273 rentable square feet on a 8,758 square foot lot. The asset is comprised of three (3) two-story structures, with a unit mix consisting of five (5) Studios, one (1) commercial space (currently occupied as a supermarket), & two (2) 5+3 houses (units). Given the location, attractive local area amenities, and opportunity to increase rental income, this value-add investment presents an excellent opportunity for an investor to acquire a unique property with a tremendous amount of potential upside of about 45%.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-09T11:33:47.88. 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 or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.

    www.playavistaliving.com/homes/97274256

    2101 Estrella Avenue Los Angeles (City), CA 90007

    • Price: $2,300,000
    • Status: Active
    • Updated: 72 min ago
    • ID#: 19492704
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    1908
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    We are pleased to offer for sale this eight (8) unit, fifteen (15) bedroom multifamily investment offering, located blocks away from the internationally renowned University of Southern California (USC). The subject property is constructed of wood frame and stucco in 1908, with approximately 9,273 rentable square feet on a 8,758 square foot lot. The asset is comprised of three (3) two-story structures, with a unit mix consisting of five (5) Studios, one (1) commercial space (currently occupied as a supermarket), & two (2) 5+3 houses (units). Given the location, attractive local area amenities, and opportunity to increase rental income, this value-add investment presents an excellent opportunity for an investor to acquire a unique property with a tremendous amount of potential upside of about 45%.
    Exterior Features

    Lot Size Units Square Feet Parking Features None Parking YN No

    Property Features

    Gross Income 160920.00 Gross Multiplier 14.29 Gross Operating Income 160920.00 Net Operating Income 114893.00 Senior Community YN No Special Listing Conditions Standard Zoning Lard1.5

    Listing provided courtesy of Davis Saadian of Brc Advisors- Bh


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-09T11:33:47.88. 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 or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.

     
    Team Tami | Palm Realty Boutique
    7101 Playa Vista Dr.
    Playa Vista CA, 90094