2731 Beverly

    Los Angeles (City), CA 90057
    • $9,600,000
    • STATUS: Active
    • ON SITE: 167 days
    • ID#: 18330006
    $9,600,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 24,795
      SQFT
    • $387
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1927
    County:

    School Ratings & Info

    Description

    Gorgeous prominent 4 story property in the area is referred to as "Rampart Village" and is quickly becoming the new Echo Park and Silverlake. This property has undergone major renovations including new copper plumbing, new waste lines, updated electrical system, restored lobby and common areas, updated windows, and many renovated units.The units are large bachelors with full bathrooms and small kitchenettes. These units are bright and have city views. The units rent like hotcakes.This is the perfect "VALUE ADD" deal as all the heavy lifting is done. As the units vacate a new owner will realize a substantial cash flow surge as the rents are 40% under value. Out of the 65 units - 35 units have been renovated!

    Monthly Payment Calculator



    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/82296567

    2731 Beverly Los Angeles (City), CA 90057

    • Price: $9,600,000
    • Status: Active
    • ID#: 18330006
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    24,795
    SQFT
    $387
    $/SQFT
    1927
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    Gorgeous prominent 4 story property in the area is referred to as "Rampart Village" and is quickly becoming the new Echo Park and Silverlake. This property has undergone major renovations including new copper plumbing, new waste lines, updated electrical system, restored lobby and common areas, updated windows, and many renovated units.The units are large bachelors with full bathrooms and small kitchenettes. These units are bright and have city views. The units rent like hotcakes.This is the perfect "VALUE ADD" deal as all the heavy lifting is done. As the units vacate a new owner will realize a substantial cash flow surge as the rents are 40% under value. Out of the 65 units - 35 units have been renovated!
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Street Parking YN Yes

    Interior Features

    Appliances Refrigerator Appliances YN Yes Cooling Heat Pump Cooling YN Yes

    Property Features

    Association Amenities Other Association YN Yes Cap Rate 4.80 Gross Multiplier 12.10 Gross Operating Income 788100.00 Improvements Amount 413288 Land Value 160705 Net Operating Income 465300.00 Special Listing Conditions Standard Total Expenses 299100.00 Zoning Lac2

    Listing provided courtesy of Alex Galuz of Crescent Real Estate Corporati and Hugh Terlinden of .


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