2901 Van Buren Place

    Los Angeles (City), CA 90007
    • $2,050,000
    • STATUS: Active
    • ON SITE: 63 days
    • ID#: PW20025792
    UPDATED: 51 min ago
    $2,050,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,394
      SQFT
    • $277
      $/SQFT
    Type:
    Multi-Family
    Built:
    1911
    County:

    School Ratings & Info

    Description

    Marcus and Millichap is pleased to present the 8-unit multi-family/student housing opportunity in the coveted 90007 zip code of Los Angeles, CA. The property consists of two fourplexes on one lot. The front structure consists of 5,15 4sqft of total rentable square footage & contains a 5 Bed/5 Bath unit & 5 Bed/4 Bath unit that are fully renovated & will be delivered vacant, a large 1 bed unit that will be delivered vacant that is large enough to convert to a 3 bed/3 bath unit (buyer to verify) & a large 1 bed unit that will be delivered occupied. The rear building contains four 525 sqft studios, delivered occupied. There is over 1000 sqft of garage & storage space in the rear of the property as well with significant income-generating potential.

    Monthly Payment Calculator



    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/102963418

    2901 Van Buren Place Los Angeles (City), CA 90007

    • Price: $2,050,000
    • Status: Active
    • Updated: 51 min ago
    • ID#: PW20025792
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    7,394
    SQFT
    $277
    $/SQFT
    1911
    Built
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    Marcus and Millichap is pleased to present the 8-unit multi-family/student housing opportunity in the coveted 90007 zip code of Los Angeles, CA. The property consists of two fourplexes on one lot. The front structure consists of 5,15 4sqft of total rentable square footage & contains a 5 Bed/5 Bath unit & 5 Bed/4 Bath unit that are fully renovated & will be delivered vacant, a large 1 bed unit that will be delivered vacant that is large enough to convert to a 3 bed/3 bath unit (buyer to verify) & a large 1 bed unit that will be delivered occupied. The rear building contains four 525 sqft studios, delivered occupied. There is over 1000 sqft of garage & storage space in the rear of the property as well with significant income-generating potential.
    Exterior Features

    Garage Spaces 0.00 Lot Features Level With Street Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    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 2+ Common Walls Laundry Features None

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 5.60 Community Features Gutters Country Us Electric Expense 2500.00 Elevation Units Feet Fuel Expense 2500.00 Gross Income 192645.00 Gross Multiplier 12.33 Gross Scheduled Income 192645.00 Insurance Expense 3327.00 Land Lease YN No Laundry YN No Maintenance Expense 2400.00 Net Operating Income 127468.00 New Construction YN No New Taxes Expense 28818.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 8 Operating Expense 65177.00 Professional Management Expense 9632.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 65177.00 Trash Expense 2500.00 Vacancy Allowance 5353 Water Sewer Expense 2500.00 Water Source Public Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Daniel Lewin of Marcus & Millichap and Shane Young of


    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.

     
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