6126 Eleanor Avenue

    Los Angeles (City), CA 90038
    • $4,750,000
    • STATUS: Pending
    • ON SITE: 91 days
    • ID#: 18334904
    Pending
    UPDATED: 17 min ago
    $4,750,000
    • 0
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,108
      SQFT
    • $392
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    El Capri, a true value-add multi-family investment opportunity features 21 units (18 - 1 Bd + 1 Bth & 3 - Studio + 1 Bth) w/ approximately 45% upside in rents & boasts 5.94% Pro Forma Cap Rate & 11.52 Pro Forma GRM. Rare opportunity to acquire a property that has already undergone vital, major, & costly infrastructure updates including Soft Story Seismic Retrofit in 2015, New Cool Roof in 2016, New Central Water Heater in 2017, & New Solar Hot Water Heating System approval pending w/ possible anticipated summer 2018 installation. Also features two completely renovated 1 Bd units, improved railings, courtyard deck upgrades & paint, & partial copper re-piping. Potential to capitalize on the Seller's big ticket investments in the property's infrastructure, by coupling it with high impact/low cost exterior aesthetic updates. Whether an investor seeks to hold and reposition, or hold then develop, the possibility of outstanding future income opportunities await. Double lot w/Alley access.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-19T09:27:19.353. 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/82735180

    6126 Eleanor Avenue Los Angeles (City), CA 90038

    • Price: $4,750,000
    • Status: Pending
    • Updated: 17 min ago
    • ID#: 18334904
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    12,108
    SQFT
    $392
    $/SQFT
    1959
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    El Capri, a true value-add multi-family investment opportunity features 21 units (18 - 1 Bd + 1 Bth & 3 - Studio + 1 Bth) w/ approximately 45% upside in rents & boasts 5.94% Pro Forma Cap Rate & 11.52 Pro Forma GRM. Rare opportunity to acquire a property that has already undergone vital, major, & costly infrastructure updates including Soft Story Seismic Retrofit in 2015, New Cool Roof in 2016, New Central Water Heater in 2017, & New Solar Hot Water Heating System approval pending w/ possible anticipated summer 2018 installation. Also features two completely renovated 1 Bd units, improved railings, courtyard deck upgrades & paint, & partial copper re-piping. Potential to capitalize on the Seller's big ticket investments in the property's infrastructure, by coupling it with high impact/low cost exterior aesthetic updates. Whether an investor seeks to hold and reposition, or hold then develop, the possibility of outstanding future income opportunities await. Double lot w/Alley access.
    Exterior Features

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

    Interior Features

    Laundry Features See Remarks

    Property Features

    Cap Rate 3.53 Gross Multiplier 16.57 Gross Operating Income 278022.00 Improvements Amount 439003 Land Value 540317 Laundry YN Yes Net Operating Income 167707.00 Special Listing Conditions Standard Total Expenses 110315.00 Zoning Lar3

    Listing provided courtesy of Kristy Elaine of Keller Williams-Santa Monica and Lawrence Cannizzaro of Keller Williams-Santa Monica.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-19T09:27:19.353. 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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