1006 S Record, Los Angeles, CA 90023

$3,300,000

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List Price
$3,300,000
Status
ACTIVE
MLS#
OC26171194
Year Built
1990
Lot Size
17,633
Acres
0.40
Lot Location
Level, Near Public Transit
Days on Market
1
Property Type
Commercial
Property Sub Type
Multi Family

Property Description

Record Avenue Apartments at 1006 Record Avenue is a private gated multi-family apartment complex in the heart of East Los Angeles. A unique multi-family offering comprises two family-managed apartment buildings with six units on separate parcels that can be sold together or separately for an investor or owner to occupy and lease out. Encompassing 12 fully occupied units with a mix of six two-bed/two-bath units and four two-bed/one-bath units, with ample land for two parking spaces for each unit, with room to make two additional spaces to can be utilized as guest parking. The property is in a dense residential area of East Los Angeles, one of LA’s oldest and most influential communities about five miles from Downtown Los Angeles. Close to the high-end community of Monterey Park, nestled four miles away and simply a five-minute drive to the vibrant entertainment, restaurants, and shopping corridor on Whitter Boulevard. East Los Angeles College is three miles away, drawing many students looking for housing to 10006 S Record Avenue. Record Avenue Apartments has hassle-free connectivity reaching Interstate 710, Interstate 5, and Route 60 in less than a mile. Well maintained, with incredible accessibility, Record Avenue Apartments is primed to offer an ideal investment opportunity to own a multi-family asset.

Additional Information

Appliances
Dryer, Washer
Heat
Natural Gas
Cooling
Yes
Cooling Description
Central Air, Wall/Window Unit(s)
Roof
Flat
Water
Public
Attached Structure
Detached
Gross Scheduled Income
$326,448
Operating Expense
55317

Listing courtesy of Listing Agent: Benjamin Venti (BFVenti@aol.com) from Listing Office: Benjamin Frank Venti Realty.

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.