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+15624180777
Berkshire Hathaway
1183 Crenshaw Boulevard, Los Angeles, CA 90019
- $2,526,000
- List Price
- $2,526,000
- Price Change
- ▼ $264,000 1794298887
- Status
- ACTIVE
- MLS#
- NP26240789
- Year Built
- 2015
- Lot Size
- 6,554
- Acres
- 0.15
- Lot Location
- Sprinklers In Rear, Sprinklers In Front
- Days on Market
- 1
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
Property Description
Eight units, built in 2015, exempt from state rent control, with two vacancies ready to lease at market rents. This three-story contemporary building offers approx. 7,762 sq ft on a 6,554 sq ft LAR3 lot, with a mix of 1-, 2- and 3-bedroom units. Every unit has an open floor plan, central air and heat, in-unit washer and dryer, and stainless appliances including dishwasher and gas cooktop, with gated garage parking for 12 cars and fire sprinklers throughout. Those are the features renters search for, and they keep units leased. Current NOI is $171,938, with upside from filling the vacant units and bringing below-market rents up to pro forma. The location draws tenants on its own: quick freeway access and minutes to Koreatown, Downtown, Hancock Park, Century City and the Olympic Blvd tech corridor. Contact the listing agent for the full rent roll and financials, and schedule your tour today.
Additional Information
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Garage Spaces Total
- 16
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $225,660
- Operating Expense
- 8000
Listing courtesy of Listing Agent: Chad Pape (chad@PapeRealEstate.com) from Listing Office: Coldwell Banker 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.