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    1406 Albany St

    Los Angeles, CA 90015
    • $1,079,000
    • STATUS: Active
    • ON SITE: 117 days
    • ID#: 20-613898
    UPDATED: 24 min ago
    $1,079,000
    • 8
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,044
      SQFT
    • $267
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1917
    County:

    School Ratings & Info

    Description

    EXCELLENT VALUE-ADD INVESTMENT IN OPPORTUNITY ZONE! This terrific well maintained Craftsman-style 4-plex with great curb appeal consists of 4 large 1 bedroom and 1 bathroom units that are currently being used as 2 bedrooms. Each unit is about 1,000sf. Fantastic location near Convention Center, LA Live, Staples Center and Downtown LA. It provides huge almost 35% upside potential in rents and low maintenance. The units are separately metered for gas and electricity. Each unit has its own water heater. There are detached 5 one-car garages in the back of the property. Additional income $300/month for 2 garages. The property is based in Opportunity Zone providing numerous tax benefits. It is located in fast growing neighborhood near Downtown LA Live Hub, USC, public transportation, new metro lines, schools, libraries, hospitals, shopping centers, entertainment and provides easy access to 10 and 110 freeways. Drive by only, offers subject to interior inspection. Please DO NOT disturb tenants

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-30T18:42:59.237. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/108558487
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    1406 Albany St Los Angeles, CA 90015

    • Price: $1,079,000
    • Status: Active
    • Updated: 24 min ago
    • ID#: 20-613898
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,044
    SQFT
    $267
    $/SQFT
    1917
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    EXCELLENT VALUE-ADD INVESTMENT IN OPPORTUNITY ZONE! This terrific well maintained Craftsman-style 4-plex with great curb appeal consists of 4 large 1 bedroom and 1 bathroom units that are currently being used as 2 bedrooms. Each unit is about 1,000sf. Fantastic location near Convention Center, LA Live, Staples Center and Downtown LA. It provides huge almost 35% upside potential in rents and low maintenance. The units are separately metered for gas and electricity. Each unit has its own water heater. There are detached 5 one-car garages in the back of the property. Additional income $300/month for 2 garages. The property is based in Opportunity Zone providing numerous tax benefits. It is located in fast growing neighborhood near Downtown LA Live Hub, USC, public transportation, new metro lines, schools, libraries, hospitals, shopping centers, entertainment and provides easy access to 10 and 110 freeways. Drive by only, offers subject to interior inspection. Please DO NOT disturb tenants
    Exterior Features

    Covered Parking 5 Lot Size Area 6002 Other Structures None Parking Garage Private GarageGarage Is DetachedGarage - 4+ Car Style Craftsman Total Parking 6 View Description Other View YN Yes

    Interior Features

    Baths Total 4.00 Cooling Other Equipment Other Heating Other Laundry Other

    Property Features

    Assessed Total Value 306965 Gross Income 65808 Gross Operating Income 65808 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 45720.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 20087 Type Of Units Residential Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Gabriela Manakova DRE#01327946 of Innovative Property Strategies.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-30T18:42:59.237. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211