2461 Coolidge Ave

    Los Angeles (City), CA 90064
    • $2,349,000
    • STATUS: Active
    • ON SITE: 88 days
    • ID#: SB18148474
    UPDATED: 187 min ago
    $2,349,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,353
      SQFT
    • $439
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Ratings & Info

    Description

    Highly desirable prime West LA property located on the corner of Gateway Blvd and Coolidge Ave. This desirable multi-family property is 4,953 square feet of Apartment Living, as well as a legal 400 square-feet office space on Gateway blvd; As such total square footage is 5,353. Buyer to verify square footage of building. The property sits on a 5,154 square foot lot, with 6 Apartment units. One of the 2 car garages was legally converted in to an office and is currently leased out along with the existing 2 car garage for $1075/mo. The property has 4 parking spaces on the the lot. Rent Control building with significant rental upside. Nearby schools include St Joan of Arc School, New West Charter Middle School and Richland Avenue Elementary School. The closest grocery stores are Smart & Final Extra!, Trader Joe's and Ralphs.PROPERTY IS EXEMPT FROM RETROFIT!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-19T00:29:54.113. 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/84950064

    2461 Coolidge Ave Los Angeles (City), CA 90064

    • Price: $2,349,000
    • Status: Active
    • Updated: 187 min ago
    • ID#: SB18148474
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    5,353
    SQFT
    $439
    $/SQFT
    1954
    Built
    Neighborhood:
    WLA - West Los Angeles
    County:
    Los Angeles
    Area:
    WLA - West Los Angeles
    Property Description
    Highly desirable prime West LA property located on the corner of Gateway Blvd and Coolidge Ave. This desirable multi-family property is 4,953 square feet of Apartment Living, as well as a legal 400 square-feet office space on Gateway blvd; As such total square footage is 5,353. Buyer to verify square footage of building. The property sits on a 5,154 square foot lot, with 6 Apartment units. One of the 2 car garages was legally converted in to an office and is currently leased out along with the existing 2 car garage for $1075/mo. The property has 4 parking spaces on the the lot. Rent Control building with significant rental upside. Nearby schools include St Joan of Arc School, New West Charter Middle School and Richland Avenue Elementary School. The closest grocery stores are Smart & Final Extra!, Trader Joe's and Ralphs.PROPERTY IS EXEMPT FROM RETROFIT!
    Exterior Features

    Garage Spaces 2.00 Lot Features 6-10 Units/Acre Lot Size Units Square Feet Parking Total 6.00 Pool Features None Pool Private YN No Property Attached YN No

    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 No Common Walls Cooling Wall Window Cooling YN Yes Heating Wall Heater Heating YN Yes Laundry Features Gas Dryer HookupWasher Hookup

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 2.72 Community Features CurbsSidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 240.00 Garage Rental Rate 1075.00 Gardener Expense 840.00 Gross Income 115120.00 Gross Operating Income 115120.00 Gross Scheduled Income 118680.00 Insurance Expense 1670.00 Land Lease YN No Laundry Income 1200.00 Laundry YN Yes Maintenance Expense 5756.00 Maintenance Percent 5.00 Net Operating Income 68095.00 New Taxes Expense 29763.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 7 Operating Expense 47025.00 Operating Expense Percent 40.00 Professional Management Expense 5756.00 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Total Actual Rent 9790.00 Total Expenses 47025.00 Trash Expense 0.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 3000.00 Water Source Public Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Michael Millea of Keller Williams Beach Cities.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-19T00:29:54.113. 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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