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1522 Hi Point St

Los Angeles, CA 90035
  • $6,275,000
  • STATUS: Active
  • ON SITE: 116 days
  • ID#: 21-694366
UPDATED: 17 min ago
$6,275,000
  • 18
    BEDS
  • 0.39
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,766
    SQFT
  • $533
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1972
County:

School Ratings & Info

Description

Well-maintained building renovated down to the studs with copper plumbing throughout,15 of the 18 units include new electrical panels and windows | Large 17,003sf lot with ample opportunity for additional units through separating the lot and developing or via Accessory Dwelling Unit (ADU) program | Opportunity exists to enhance the units with new appliances for additional rental upside | 17.6% upside in rents with additional income opportunities in billing back utilities and charging for parking, with 27 spots for 18 units | 100% occupied with all tenants paying rent

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-14T19:43:01.787. 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/114307334
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1522 Hi Point St Los Angeles, CA 90035

  • Price: $6,275,000
  • Status: Active
  • Updated: 17 min ago
  • ID#: 21-694366
18
Beds
0
Baths
0
½ Baths
0.39
Acres
11,766
SQFT
$533
$/SQFT
1972
Built
Neighborhood:
Beverlywood Vicinity
County:
Los Angeles
Area:
Beverlywood Vicinity
Property Description
Well-maintained building renovated down to the studs with copper plumbing throughout,15 of the 18 units include new electrical panels and windows | Large 17,003sf lot with ample opportunity for additional units through separating the lot and developing or via Accessory Dwelling Unit (ADU) program | Opportunity exists to enhance the units with new appliances for additional rental upside | 17.6% upside in rents with additional income opportunities in billing back utilities and charging for parking, with 27 spots for 18 units | 100% occupied with all tenants paying rent
Exterior Features

Lot Size Area 17003 Other Structures None Parking Garage Parking For GuestsParking Space Total Parking 27

Interior Features

Bathroom Features Shower And Tub Baths Total 18.00 Cooking Appliances OvenMicrowaveCooktop - Gas Cooling None Equipment DishwasherRange/OvenFreezerRefrigerator Heating Central Laundry Community

Property Features

Assessed Total Value 3696858 Gross Income 425815 Gross Operating Income 1994 Like Units1 18 Net Operating Income 240507.00 Number Of Buildings 1 Number Of Units 18 Sale Type Standard Security Features Card/Code Access Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 172633 Type Of Units One Bedroom Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Jared Warren DRE# of Colliers International- Los Angeles.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-14T19:43:01.787. 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
2999 Overland Ave., Suite 116
Los Angeles CA, 90064