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    5532 Harold Way

    Los Angeles, CA 90028
    • $4,100,000
    • STATUS: Pending
    • ON SITE: 28 days
    • ID#: 20-654598
    Pending
    UPDATED: 55 min ago
    $4,100,000
    • 19
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,170
      SQFT
    • $311
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:
    Area:

    School Ratings & Info

    Description

    Starlight Apartments is a 19-unit multifamily property featuring two stories above tuck-under parking. The property was constructed in 1961 and offers+/- 13,170 square of improvements on a +/- 12,900 square foot lot. StarlightApartments features a strong unit mix of 11 One-Bedroom and 8 TwoBedroom units. This charming mid-century walk-up features a courtyard, 18parking spaces, and individually metered units for both gas and electric. The property has one central water heater. The earthquake retrofit work required by the City of Los Angeles has been completed. New ownership can add additional value by renovating unit interiors and common areas to push market rents, along with the implementation of a RUBS program to offset water, sewer, and rubbish removal costs. Property can be sold individually or as a portfolio with 226 S Serrano Ave and 5440 Carlton Way.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-01T08:42:15.813. 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/111552631
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    5532 Harold Way Los Angeles, CA 90028

    • Price: $4,100,000
    • Status: Pending
    • Updated: 55 min ago
    • ID#: 20-654598
    19
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    13,170
    SQFT
    $311
    $/SQFT
    1961
    Built
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    Hollywood
    Property Description
    Starlight Apartments is a 19-unit multifamily property featuring two stories above tuck-under parking. The property was constructed in 1961 and offers+/- 13,170 square of improvements on a +/- 12,900 square foot lot. StarlightApartments features a strong unit mix of 11 One-Bedroom and 8 TwoBedroom units. This charming mid-century walk-up features a courtyard, 18parking spaces, and individually metered units for both gas and electric. The property has one central water heater. The earthquake retrofit work required by the City of Los Angeles has been completed. New ownership can add additional value by renovating unit interiors and common areas to push market rents, along with the implementation of a RUBS program to offset water, sewer, and rubbish removal costs. Property can be sold individually or as a portfolio with 226 S Serrano Ave and 5440 Carlton Way.
    Exterior Features

    Lot Description 5 + Lots Lot Size Area 12901 Other Structures None Parking Garage Community Garage Total Parking 18

    Interior Features

    Baths Total 21.00 Cooling Wall/Window Equipment Other Heating None

    Property Features

    Assessed Total Value 406208 Gross Income 230682 Gross Operating Income 230682 Like Units1 11 Like Units2 8 Net Operating Income 100227.00 Number Of Buildings 1 Number Of Units 19 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 135390 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar4

    Listing provided courtesy of Adam Zunder DRE#01821053 of Iconic Investments.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-01T08:42:15.813. 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