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1526 E 1St St

Los Angeles, CA 90033
  • $1,875,000
  • STATUS: Active
  • ON SITE: 99 Days
  • ID#: 21-761506
UPDATED: 76 min ago
$1,875,000
  • 15
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,265
    SQFT
  • $299
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1912
County:

School Ratings & Info

Description

This VALUE-ADD 6,256 SF 12-Unit Apartment Building adjacent to the Boyle Heights neighborhood of East Los Angeles. It is located on 6,597 SF LA-M1zoned corner lot. The property consists of a total of 12 units & a finished basement. The ground floor has 4 units consisting of (1) 3+1 unit, (1) 2+1units, (1) 1+1 unit & (1) Studio. The second floor consists of (8)studios. The basement is approximately 3,000 SF. All but 4 of the studios on the second floor are VACANT. The subject property has approximately 9 on-site parking spaces in addition to ample street parking. This opportunity is located in one of the most up & coming areas of Los Angeles. It will attract an investor looking for a value-add opportunity in a growing area within walking distance to public transportation, parks, schools and shopping areas.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-23T18:42:41.197. 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/119361158
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1526 E 1St St Los Angeles, CA 90033

  • Price: $1,875,000
  • Status: Active
  • Updated: 76 min ago
  • ID#: 21-761506
15
Beds
0
Baths
0
½ Baths
0.15
Acres
6,265
SQFT
$299
$/SQFT
1912
Built
Neighborhood:
Boyle Heights
County:
Los Angeles
Area:
Boyle Heights
Property Description
This VALUE-ADD 6,256 SF 12-Unit Apartment Building adjacent to the Boyle Heights neighborhood of East Los Angeles. It is located on 6,597 SF LA-M1zoned corner lot. The property consists of a total of 12 units & a finished basement. The ground floor has 4 units consisting of (1) 3+1 unit, (1) 2+1units, (1) 1+1 unit & (1) Studio. The second floor consists of (8)studios. The basement is approximately 3,000 SF. All but 4 of the studios on the second floor are VACANT. The subject property has approximately 9 on-site parking spaces in addition to ample street parking. This opportunity is located in one of the most up & coming areas of Los Angeles. It will attract an investor looking for a value-add opportunity in a growing area within walking distance to public transportation, parks, schools and shopping areas.
Exterior Features

Cross Streets 1st St. & Gless St. Lot Size Area 6597 Other Structures None Parking Garage None Total Parking 8 View Description None View YN No Water Frontage None

Interior Features

Baths Total 12.00 Common Walls Attached Cooling None Equipment None Heating Wall

Property Features

Assessed Total Value 934093 Gross Income 186000 Gross Operating Income 180420 Like Units1 7 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 122708.00 Number Of Buildings 1 Number Of Units 12 Sale Type Standard Security Features None Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 57713 Type Of Units Residential Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lam1

Listing provided courtesy of David Yashar DRE#01102638 of Keller Williams Realty Westside.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-23T18:42:41.197. 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