2233 Riverdale Avenue

    Los Angeles (City), CA 90031
    • $2,000,000
    • STATUS: Closed
    • ON SITE: 198 days
    • ID#: 18347826
    Sold - 09/28/2018
    $2,000,000
    SOLD - 09/28/2018
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,728
      SQFT
    • $297
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1972
    County:

    School Ratings & Info

    Description

    Attention Investors: This 8-unit complex in the Silver Lake/Echo Park/Elysian Valley area awaits your vision to see the potential behind an excellent opportunity with tremendous upside potential. Spacious units, each with 2 parking spaces. Additional income from community laundry. Tenants have month-to-month leases. Located inside this much sought after vintage Los Angeles area, and within 5-10 minutes to boom town DTLA and hot spots, historical LA Dodgers Stadium, Chinatown, Hollywood, Universal City, and close proximity to Highland Park, Eagle Rock, Glendale, Burbank and Pasadena. Walking distance to the re-surging Los Angeles River (a popular tourist spot for walkers, bikers and kayakers). Great family-oriented neighborhood with nearby schools. Unit #4 is currently vacant for Owner/Users, and/or ready to lease at market rate for Investors. This investment is ready for prime restructuring.

    Sold by Felix Pena of Hilton & Hyland.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-16T09:28:40.787. 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/84119874

    2233 Riverdale Avenue Los Angeles (City), CA 90031

    • Price: $2,500,000
    • Status: Closed
    • Updated: 44 min ago
    • ID#: 18347826
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    6,728
    SQFT
    $297
    $/SQFT
    1972
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    Attention Investors: This 8-unit complex in the Silver Lake/Echo Park/Elysian Valley area awaits your vision to see the potential behind an excellent opportunity with tremendous upside potential. Spacious units, each with 2 parking spaces. Additional income from community laundry. Tenants have month-to-month leases. Located inside this much sought after vintage Los Angeles area, and within 5-10 minutes to boom town DTLA and hot spots, historical LA Dodgers Stadium, Chinatown, Hollywood, Universal City, and close proximity to Highland Park, Eagle Rock, Glendale, Burbank and Pasadena. Walking distance to the re-surging Los Angeles River (a popular tourist spot for walkers, bikers and kayakers). Great family-oriented neighborhood with nearby schools. Unit #4 is currently vacant for Owner/Users, and/or ready to lease at market rate for Investors. This investment is ready for prime restructuring.
    Exterior Features

    Lot Size Dimensions 80X139 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 3.38 Gross Multiplier 25.83 Gross Operating Income 96767.00 Improvements Amount 171301 Land Value 60396 Laundry Income 1800.00 Laundry YN Yes Net Operating Income 84551.00 Pest Control Expense 33.00 Special Listing Conditions Standard Total Expenses 12216.00 Trash Expense 320.00 Water Sewer Expense 665.00 Zoning Multi Family

    Listing provided courtesy of Felix Pena of Hilton & Hyland.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-16T09:28:40.787. 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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