3860 W 1ST Street

    Los Angeles (City), CA 90004
    • $1,500,000
    • STATUS: Active
    • ON SITE: 99 days
    • ID#: 20556670
    UPDATED: 19 min ago
    $1,500,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1939
    County:

    School Ratings & Info

    Description

    LOCATION! LOCATION! LOCATION! Prime location in Koreatown/Mid-Wilshire. Great opportunity for an investor. Currently property is zoned LAR3. This is a high demand area of Mid-Wilshire. Constructed in 1939, the building consists of 4 units-multifamily. The building features two 1BD/1BA, one 2BD/1BA and one 2BD/1BA with a den. A large patio with over 200+sf. Units have original decorative built in cabinetry and shelving. All units have access to a common patio and backyard. Close to all the shops, groceries, freeway, restaurants, and churches. Transportation is very close and easy access. Few minutes drive to Downtown Los Angeles, Griffith Park, and Hollywood. It is a very desirable location for day and night activities. All units are month to month. Buyer to cooperate with sellers 1031 exchange with no cost to the buyer. Property is sold as is.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-31T17:26:08.173. 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/103428930

    3860 W 1ST Street Los Angeles (City), CA 90004

    • Price: $1,500,000
    • Status: Active
    • Updated: 19 min ago
    • ID#: 20556670
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1939
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    LOCATION! LOCATION! LOCATION! Prime location in Koreatown/Mid-Wilshire. Great opportunity for an investor. Currently property is zoned LAR3. This is a high demand area of Mid-Wilshire. Constructed in 1939, the building consists of 4 units-multifamily. The building features two 1BD/1BA, one 2BD/1BA and one 2BD/1BA with a den. A large patio with over 200+sf. Units have original decorative built in cabinetry and shelving. All units have access to a common patio and backyard. Close to all the shops, groceries, freeway, restaurants, and churches. Transportation is very close and easy access. Few minutes drive to Downtown Los Angeles, Griffith Park, and Hollywood. It is a very desirable location for day and night activities. All units are month to month. Buyer to cooperate with sellers 1031 exchange with no cost to the buyer. Property is sold as is.
    Exterior Features

    Garage Spaces 8.00 Lot Size Source Assessor Lot Size Units Square Feet Parking Features CarportDriveway - CombinationTandem Garage Parking Total 8.00 Parking YN Yes

    Interior Features

    Appliances MicrowaveRefrigerator Appliances YN Yes Cooling None Cooling YN No Heating Central Heating YN Yes

    Property Features

    Gross Income 70632.00 Gross Multiplier 21.94 Gross Operating Income 70632.00 Insurance Expense 5105.00 Net Operating Income 58054.00 New Taxes Expense 2704.00 Other Expense 270.00 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Total Expenses 12578.00 Vacancy Allowance Rate 0.00 Water Sewer Expense 3360.00 Zoning Lar3

    Listing provided courtesy of Ted Alcantara of Keller Williams Downtown La and Mac Nomura of Keller Williams Downtown La


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-31T17:26:08.173. 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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