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    218 S Avenue 66

    Los Angeles, CA 90042
    • $2,375,000
    • STATUS: Active
    • ON SITE: 33 days
    • ID#: 20-654066
    UPDATED: 57 min ago
    $2,375,000
    • 8
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,671
      SQFT
    • $419
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1966
    County:

    School Ratings & Info

    Description

    218 S Ave 66 is an 8 unit apartment building located in the heart of Highland Park, just steps to an abundance of restaurants, shops and nightlife attractions for the local community. The location offers tenants a short drive to DTLA and access to the Metro Gold Line which connects Downtown Los Angeles and Pasadena. This opportunity is perfect for any investor looking to capture nearly 26% upside inherent in the property and to enjoy rapid appreciation as this area continues to improve and gentrify. All 8 units are one bedroom/one bathroom; one unit has been converted to a two bedroom without permits. There are 8 parking spaces in the back.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-04T08:42:16.337. 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/111516108
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    218 S Avenue 66 Los Angeles, CA 90042

    • Price: $2,375,000
    • Status: Active
    • Updated: 57 min ago
    • ID#: 20-654066
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    5,671
    SQFT
    $419
    $/SQFT
    1966
    Built
    Neighborhood:
    Highland Park
    County:
    Los Angeles
    Area:
    Highland Park
    Property Description
    218 S Ave 66 is an 8 unit apartment building located in the heart of Highland Park, just steps to an abundance of restaurants, shops and nightlife attractions for the local community. The location offers tenants a short drive to DTLA and access to the Metro Gold Line which connects Downtown Los Angeles and Pasadena. This opportunity is perfect for any investor looking to capture nearly 26% upside inherent in the property and to enjoy rapid appreciation as this area continues to improve and gentrify. All 8 units are one bedroom/one bathroom; one unit has been converted to a two bedroom without permits. There are 8 parking spaces in the back.
    Exterior Features

    Lot Size Area 6999 Other Structures None Parking Garage None Total Parking 8

    Interior Features

    Baths Total 8.00 Cooling None Equipment None Heating None

    Property Features

    Assessed Total Value 1325000 Gross Income 152892 Gross Operating Income 149171 Like Units1 8 Net Operating Income 98565.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 50606 Type Of Units One Bedroom Year Built Source Vendor Enhanced Zoning Lard2

    Listing provided courtesy of David Harrington DRE#01320460 of Matthews Real Estate Investment Services.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-04T08:42:16.337. 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