4419 W 162nd Street

    Lawndale, CA 90260
    • $5,580,000
    • STATUS: Active
    • ON SITE: 320 days
    • ID#: AR18017412
    UPDATED: 161 min ago
    $5,580,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,430
      SQFT
    • $535
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1991
    County:

    School Ratings & Info

    Description

    Incredible Location ~ Fully-occupied ~ Not in Rent Controlled area! Amazing opportunity to own this well-maintained 10-unit Apartment building in a highlv visible and central location in the heart of South Bay! Conveniently located near the border of Torrance and Redondo Beach, this well-designed complex was built in 1991 and has been well-managed ever since. With only a 10-mins drive to the beach and 15 mins to LAX, owner has enjoyed extremely low vacancy rates and can easily find new tenants when available. Each unit comprises of approx. 1043 sf, with identical 2-bed/ 1.5 bath floorplans. Every individual unit possesses its own laundry hookups, separate electric & gas meters, spacious living room, and various improvements/ upgrades over the years. In addition, this Apartment building includes Automatic gated Parking with 22 subterranean parking spaces. Super convenient access to the 405 freeway and Hawthorne Blvd, nearby Southbay Galleria Shopping Mall, El Camino College, and plenty of incredible restaurants, shopping, amenities and much much more! Situated in a great stable neighborhood with strong demand for housing, this incredible opportunity offers nice upside for increased potential rents.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-10T00:27:56.637. 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/80196997

    4419 W 162nd Street Lawndale, CA 90260

    • Price: $5,580,000
    • Status: Active
    • Updated: 161 min ago
    • ID#: AR18017412
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    10,430
    SQFT
    $535
    $/SQFT
    1991
    Built
    Neighborhood:
    112 - North Lawndale
    County:
    Los Angeles
    Area:
    112 - North Lawndale
    Property Description
    Incredible Location ~ Fully-occupied ~ Not in Rent Controlled area! Amazing opportunity to own this well-maintained 10-unit Apartment building in a highlv visible and central location in the heart of South Bay! Conveniently located near the border of Torrance and Redondo Beach, this well-designed complex was built in 1991 and has been well-managed ever since. With only a 10-mins drive to the beach and 15 mins to LAX, owner has enjoyed extremely low vacancy rates and can easily find new tenants when available. Each unit comprises of approx. 1043 sf, with identical 2-bed/ 1.5 bath floorplans. Every individual unit possesses its own laundry hookups, separate electric & gas meters, spacious living room, and various improvements/ upgrades over the years. In addition, this Apartment building includes Automatic gated Parking with 22 subterranean parking spaces. Super convenient access to the 405 freeway and Hawthorne Blvd, nearby Southbay Galleria Shopping Mall, El Camino College, and plenty of incredible restaurants, shopping, amenities and much much more! Situated in a great stable neighborhood with strong demand for housing, this incredible opportunity offers nice upside for increased potential rents.
    Exterior Features

    Construction Materials Stucco Fence YN Yes Fencing Block Garage Spaces 22.00 Lot Features Front YardGardenLandscapedLot 10000-19999 SqftLot Shape-RectangularNear Public TransitSprinkler SystemUp Slope From StreetValue In LandYard Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedControlled EntranceSubterranean Parking Total 22.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type MaintainedPaved Spa Features None Spa YN No View Neighborhood View YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 1043 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Central Cooling YN Yes Fireplace Features None Fireplace YN No Heating Central Furnace Heating YN Yes Laundry Features Gas Dryer HookupWasher Hookup Levels Two Room Type KitchenLiving Room

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 3.80 Community Features SidewalksStreet LightingSuburban Country Us Electric Expense 1140.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 252540.00 Gross Scheduled Income 252540.00 Insurance Expense 2880.00 Land Lease YN No Laundry YN Yes Net Operating Income 210814.30 New Construction YN No New Taxes Expense 75140.00 Number Of Separate Electric Meters 10 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 10 Number Of Units Leased 10 Operating Expense 41725.70 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN No Security Features Automatic GateCarbon Monoxide Detector(S)Fire SprinklersSmoke Detector Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All UtilitiesCable TvElectricityGasWater Total Actual Rent 21045.00 Total Expenses 41725.00 Trash Expense 2280.00 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance Rate 3.00 Water Sewer Expense 6840.00 Water Source Public Zoning Lnr3py

    Listing provided courtesy of Yuemei Cheng of Cbd Investment Inc T.C..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-10T00:27:56.637. 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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