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    1906 Pelham Ave

    Los Angeles, CA 90025
    • $7,225,000
    • STATUS: Active
    • ON SITE: 45 days
    • ID#: 20-641740
    UPDATED: 62 min ago
    $7,225,000
    • 24
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,448
      SQFT
    • $537
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    Great opportunity for Investors, Builders/Developers, prime Westwood locatiion. This is a 105'X135' corner property consisting of two former lots/buildings (10676 Missouri Ave. w/ 7 Units, 1906 Pelham Ave. w/5 units). Units have been upgraded when vacant, with new flooring/kit. cabinet/applicances, bathrooms, window shades, there are 12 assigned parking w/ storage cabinets one for each unit, all units have patio/balcony. Included is an approved tentative tract map (including Low Income Housing requirement waiver) for 16 condominium units with single level subtrannean parking and soil/architectural/engineering plans. Building Permit process was put on hold a few years back. Approved tentative tract map will expire in April 2021 and may need updates. In compliance with the City of Los Angeles Soft-Story Seismic Retrofit Program, permit applications, approved plans & contractor cost estimate ($160,000) have been obtained said amount to be credited to buyer for permits & retrofit work

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-02T10:42:31.733. 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/111124374
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    1906 Pelham Ave Los Angeles, CA 90025

    • Price: $7,225,000
    • Status: Active
    • Updated: 62 min ago
    • ID#: 20-641740
    24
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    13,448
    SQFT
    $537
    $/SQFT
    1964
    Built
    Neighborhood:
    Westwood - Century City
    County:
    Los Angeles
    Area:
    Westwood - Century City
    Property Description
    Great opportunity for Investors, Builders/Developers, prime Westwood locatiion. This is a 105'X135' corner property consisting of two former lots/buildings (10676 Missouri Ave. w/ 7 Units, 1906 Pelham Ave. w/5 units). Units have been upgraded when vacant, with new flooring/kit. cabinet/applicances, bathrooms, window shades, there are 12 assigned parking w/ storage cabinets one for each unit, all units have patio/balcony. Included is an approved tentative tract map (including Low Income Housing requirement waiver) for 16 condominium units with single level subtrannean parking and soil/architectural/engineering plans. Building Permit process was put on hold a few years back. Approved tentative tract map will expire in April 2021 and may need updates. In compliance with the City of Los Angeles Soft-Story Seismic Retrofit Program, permit applications, approved plans & contractor cost estimate ($160,000) have been obtained said amount to be credited to buyer for permits & retrofit work
    Exterior Features

    Lot Size Area 14191 Other Structures None Parking Garage Assigned Total Parking 12

    Interior Features

    Baths Total 20.50 Cooking Appliances Built-Ins Cooling Wall/Window Equipment Built-InsDryerWasherCableDishwasher Flooring LaminateCarpetVinyl Heating Wall Laundry Room

    Property Features

    Assessed Total Value 3976177 Gross Income 356952 Gross Operating Income 356732 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Like Units5 5 Like Units6 6 Net Operating Income 164186.00 Number Of Buildings 2 Number Of Units 12 Rent Control YN Yes Sale Type Standard Sewer In Street Source Living Area Other Source Lot Size Area Vendor Enhanced Total Annual Expense 192766 Type Of Units Apartments Water In Street Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Parviz Azad DRE#00697488 of Parviz Azad.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-02T10:42:31.733. 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