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2665 Pasadena Ave

Los Angeles, CA 90031
  • $1,999,000
  • STATUS: Active
  • ON SITE: 120 Days
  • ID#: 22-147357
UPDATED: 46 min ago
$1,999,000
  • 19
    BEDS
  • 0.39
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,580
    SQFT
  • $304
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1929
County:

School Ratings & Info

Description

MAJOR PRICE REDUCTION! We are pleased to present For Sale these Beautiful Pride of Ownership Spanish Style Villas located in a Great Lincoln Heights neighborhood. The property has an Attractive Single Story Layout and is operating as Spacious 2 and 3 Bedroom Units sitting on a Large 17,090 Square Foot Lot Zoned both LAC4 & RD3. The Layout of these 9 Units are operating as follows: FOUR DUPLEXES (which are operating as (EIGHT) Spacious 2 Bedroom + 1 Bathroom Single Story Units) and a detached Single-Story home operating as (ONE) 3 Bedroom + 2 Bathroom Unit. This is a True Turn Key Opportunity that yields a 4.67% Cap Rate on Current Rents and a Market Cap Rate of 7.97%. Over the tenure of ownership there have been Many Capital Improvements done to both the interior as well as the exterior of the property. This property has an Amazing Walk Score of 88 and therefore the Tenants enjoy the ease and comfort of being Walking Distance to Nearby Parks, Schools, Shops and Restaurants off Pasadena Ave and N Broadway. The Property neighbors Boyle Heights and Highland Park, and allows easy access to Downtown Los Angeles, Dodger Stadium and USC. Further from a convenient standpoint, the property is strategically near the 5, 110, 101 and 10 Freeways. Please note, Buyer to verify all information with respect to size, unit mix, unit count, zoning, etc.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-08-19T14:43:38.237. 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/127885927
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2665 Pasadena Ave Los Angeles, CA 90031

  • Price: $1,999,000
  • Status: Active
  • On Site: 120 Days
  • Updated: 46 min ago
  • ID#: 22-147357
19
Beds
0
Baths
0
½ Baths
0.39
Acres
6,580
SQFT
$304
$/SQFT
1929
Built
Neighborhood:
Lincoln Heights
County:
Los Angeles
Area:
Lincoln Heights
Property Description
MAJOR PRICE REDUCTION! We are pleased to present For Sale these Beautiful Pride of Ownership Spanish Style Villas located in a Great Lincoln Heights neighborhood. The property has an Attractive Single Story Layout and is operating as Spacious 2 and 3 Bedroom Units sitting on a Large 17,090 Square Foot Lot Zoned both LAC4 & RD3. The Layout of these 9 Units are operating as follows: FOUR DUPLEXES (which are operating as (EIGHT) Spacious 2 Bedroom + 1 Bathroom Single Story Units) and a detached Single-Story home operating as (ONE) 3 Bedroom + 2 Bathroom Unit. This is a True Turn Key Opportunity that yields a 4.67% Cap Rate on Current Rents and a Market Cap Rate of 7.97%. Over the tenure of ownership there have been Many Capital Improvements done to both the interior as well as the exterior of the property. This property has an Amazing Walk Score of 88 and therefore the Tenants enjoy the ease and comfort of being Walking Distance to Nearby Parks, Schools, Shops and Restaurants off Pasadena Ave and N Broadway. The Property neighbors Boyle Heights and Highland Park, and allows easy access to Downtown Los Angeles, Dodger Stadium and USC. Further from a convenient standpoint, the property is strategically near the 5, 110, 101 and 10 Freeways. Please note, Buyer to verify all information with respect to size, unit mix, unit count, zoning, etc.
Exterior Features

Lot Size Area 17090 Other Structures Other Parking Garage On Street Style Spanish Total Parking 0

Interior Features

Baths Total 10.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 790896 Gross Income 150528 Gross Operating Income 150528 Like Units1 1 Like Units2 8 Net Operating Income 93367.00 Number Of Buildings 5 Number Of Units 9 Sale Type Standard Source Living Area Estimated Source Lot Size Area Vendor Enhanced Total Annual Expense 52645 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning Lac4 / Rd3

Listing provided courtesy of Shant Sherbetdjian DRE#01713570 of Remax Commercial And Investment Realty: 213-817-1000.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-08-19T14:43:38.237. 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