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    1714 7Th Ave

    Los Angeles, CA 90019
    • $1,075,000
    • STATUS: Active Under Contract
    • ON SITE: 14 days
    • ID#: 20-661998
    Under Contract
    UPDATED: 40 min ago
    $1,075,000
    • 6
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,018
      SQFT
    • $356
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:

    School Ratings & Info

    Description

    We are pleased to present the opportunity to acquire a 6-unit multifamily property located in the Arlington Heights neighborhood of Los Angeles. Built in 1949, this two-story apartment building is comprised of five 1bed/1bath units, one 1bed/1bath+den unit and offers six on-site parking spaces. All units are separately metered for gas, electricity and water and the property includes individual trash bins allowing a new investor to take advantage of low operating expenses. One 1bed/1bath unit will be delivered vacant. With over 29% of upside between scheduled and market rents, this property provides an outstanding opportunity for an astute investor to capitalize on this value-add deal.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-04T12:42:46.373. 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/112053195
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    1714 7Th Ave Los Angeles, CA 90019

    • Price: $1,075,000
    • Status: Active Under Contract
    • Updated: 40 min ago
    • ID#: 20-661998
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    3,018
    SQFT
    $356
    $/SQFT
    1949
    Built
    Neighborhood:
    Mid Los Angeles
    County:
    Los Angeles
    Area:
    Mid Los Angeles
    Property Description
    We are pleased to present the opportunity to acquire a 6-unit multifamily property located in the Arlington Heights neighborhood of Los Angeles. Built in 1949, this two-story apartment building is comprised of five 1bed/1bath units, one 1bed/1bath+den unit and offers six on-site parking spaces. All units are separately metered for gas, electricity and water and the property includes individual trash bins allowing a new investor to take advantage of low operating expenses. One 1bed/1bath unit will be delivered vacant. With over 29% of upside between scheduled and market rents, this property provides an outstanding opportunity for an astute investor to capitalize on this value-add deal.
    Exterior Features

    Lot Size Area 7501 Other Structures None Parking Garage Uncovered Total Parking 6

    Interior Features

    Baths Total 6.00 Cooling Other Equipment Other Heating Wall

    Property Features

    Assessed Total Value 626010 Gross Income 78648 Gross Operating Income 76289 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 51271.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays GasWaterElectricity Total Annual Expense 25018 Type Of Units Standard Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard2

    Listing provided courtesy of Sevak Keshishian DRE#01887505 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-04T12:42:46.373. 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