2208 W Court Street

    Los Angeles (City), CA 90026
    • $499,900
    • STATUS: Pending
    • ON SITE: 129 days
    • ID#: 18363226
    Pending
    UPDATED: 73 min ago
    $499,900
    • 0
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 884
      SQFT
    • $565
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Open House: 11/18 2:00 PM to 5:00 PM

    Description

    Court date has been set for 12/06/18 @ 8:30am in Department 9 (DTLA Superior Court - Stanley Mosk) and starting overbid amount is $452,000 - Probate Sale subject to Court Confirmation & Possible Overbid. True value add opportunity situated in Echo Park, one of the hottest zipcodes in Los Angeles and offers the astute investor tremendous rental upside potential. This property is perfectly positioned for an Owner/User or Investor. The asset consists of (2) Two One Bedroom and One Bathroom units. Both units are now vacant. The location of this building offers residents an impressive array of entertainment, lifestyle and retail amenities. Within minutes, residents can enjoy boutique shops, chic restaurants, cool meeting spots and artistically inclined venues. Given the property's prime location & significant value-add component, this is an ideal investment for a value add investor or owner/user who will reap the benefits of renovations that will attract residents who will pay market rents.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T00:33:29.53. 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/85467418

    2208 W Court Street Los Angeles (City), CA 90026

    • Price: $499,900
    • Status: Pending
    • Updated: 73 min ago
    • ID#: 18363226
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    884
    SQFT
    $565
    $/SQFT
    1925
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    Court date has been set for 12/06/18 @ 8:30am in Department 9 (DTLA Superior Court - Stanley Mosk) and starting overbid amount is $452,000 - Probate Sale subject to Court Confirmation & Possible Overbid. True value add opportunity situated in Echo Park, one of the hottest zipcodes in Los Angeles and offers the astute investor tremendous rental upside potential. This property is perfectly positioned for an Owner/User or Investor. The asset consists of (2) Two One Bedroom and One Bathroom units. Both units are now vacant. The location of this building offers residents an impressive array of entertainment, lifestyle and retail amenities. Within minutes, residents can enjoy boutique shops, chic restaurants, cool meeting spots and artistically inclined venues. Given the property's prime location & significant value-add component, this is an ideal investment for a value add investor or owner/user who will reap the benefits of renovations that will attract residents who will pay market rents.
    Exterior Features

    Lot Size Units Square Feet Parking Features Garage - Three Door Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 6.60 Gross Multiplier 11.57 Gross Operating Income 43200.00 Improvements Amount 82792 Land Value 82792 Laundry YN Yes Net Operating Income 31137.00 Special Listing Conditions Probate Listing Total Expenses 9198.00 Zoning Lar4

    Listing provided courtesy of David Weinberger of Keller Williams Studio City and David Rothblum of .


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T00:33:29.53. 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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