1329 W 5TH Street

    Los Angeles (City), CA 90017
    • $10,995,000
    • STATUS: Active
    • ON SITE: 27 days
    • ID#: 20546850
    UPDATED: 29 min ago
    $10,995,000
    • 11
      BEDS
    • 0.37
      ACRES
    • 71
      BATHS
    • 0
      1/2 BATHS
    • 51,686
      SQFT
    • $213
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1911
    County:

    School Ratings & Info

    Description

    5th and Maryland is a two-property portfolio consisting of two adjacent apartment buildings. The properties share a lot line at the rear of each property. Both properties are constructed of wood frame and stucco. 1329 West 5th Street is a four- story structure and 1326 West Maryland Street property is three stories. The properties contain a laundry facility and all entrances are secured. There is a courtyard between the two structures. The properties are of Victorian architecture and blend in well with the adjacent newly constructed apartment complexes that have been built within the last fifteen years. The Maryland property is individually metered for gas and electricity and the 5th Street property is master metered for all utilities. Adjacent New Construction: The properties are situated in an area that has recently seen major gentrification and the development of new apartment and condominium complexes, retail, and public schools.

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    Based on information from CARETS as of 2020-02-20T18:54:14.173. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.trulinerealty.com/homes/102531542

    1329 W 5TH Street Los Angeles (City), CA 90017

    • Price: $10,995,000
    • Status: Active
    • Updated: 29 min ago
    • ID#: 20546850
    11
    Beds
    71
    Baths
    0
    ½ Baths
    0.37
    Acres
    51,686
    SQFT
    $213
    $/SQFT
    1911
    Built
    Neighborhood:
    Downtown L.A. (C42)
    County:
    Los Angeles
    Area:
    Downtown L.A. (C42)
    Property Description
    5th and Maryland is a two-property portfolio consisting of two adjacent apartment buildings. The properties share a lot line at the rear of each property. Both properties are constructed of wood frame and stucco. 1329 West 5th Street is a four- story structure and 1326 West Maryland Street property is three stories. The properties contain a laundry facility and all entrances are secured. There is a courtyard between the two structures. The properties are of Victorian architecture and blend in well with the adjacent newly constructed apartment complexes that have been built within the last fifteen years. The Maryland property is individually metered for gas and electricity and the 5th Street property is master metered for all utilities. Adjacent New Construction: The properties are situated in an area that has recently seen major gentrification and the development of new apartment and condominium complexes, retail, and public schools.
    Exterior Features

    Parking Spaces Total 0 Parking Type None

    Interior Features

    Appliances None Cooling Type None Heating Type Wall Heater Total Floors 4 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Partially Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bed01 1 Unit Number Of Bed02 0

    Property Features

    Adjusted Gross Income 770324.00 Assessed Improvement Value 1092865.00 Assessed Land Value 662342.00 Cap Rate 3.31 Country United States Of America Expense Total Annual 406102.00 Gross Operating Income 762445.00 Gross Rent Multiplier 13.85 Hoa YN N Legal Disclosures No Property Assessments Lot Size Source Public Records Net Operating Income 364222.00 Number Of Buildings 2 Special Conditions Standard Sale Square Footage Source Public Records Unit Monthly Rent01 1600.00 Unit Monthly Rent02 1195.00 Unit Projected Total Monthly Rent01 11269.00 Unit Projected Total Monthly Rent02 54233.00 Unit Total Monthly Rent01 18000.00 Unit Total Monthly Rent02 83700.00 Unit Type01 11 Unit Type02 60 Units Total In Complex 71 Zoning Lacw

    Listing provided courtesy of Brent Sprenkle DRE#01290116 of Hendricks-Berkadia and Tony Azzi CA DRE# 00910513 of .


    Based on information from CARETS as of 2020-02-20T18:54:14.173. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211