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659 Imogen Ave

Los Angeles, CA 90026
  • $1,675,000
  • STATUS: Active Under Contract
  • ON SITE: 46 Days
  • ID#: 21-110283
Under Contract
UPDATED: 48 min ago
$1,675,000
  • 4
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,544
    SQFT
  • $473
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Description

659 Imogen, a well-maintained Silver Lake fourplex, located just South of Sunset Blvd. **** Please note, 659 Imogen must be sold with the neighboring fourplex, 663 Imogen Ave*** Built in 1924, this value-add opportunity features (4) 1-bdrm. units (averaging approx. 890 SF each) sitting on a 7,504 SF lot. Each charming unit features hardwood flooring, in-unit washer and dryer and plenty of storage. Property amenities include automatic and gated entry, shared front yard, communal outdoor area, 4 tandem parking spaces and each unit is separately metered for gas and electricity. This offering presents a significant value-add opportunity, with plenty of lot space to add ADUs and rents are approx. 23% below market rates compared to renovated units.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-22T20:42:30.537. 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/123791592
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659 Imogen Ave Los Angeles, CA 90026

  • Price: $1,675,000
  • Status: Active Under Contract
  • On Site: 46 Days
  • Updated: 48 min ago
  • ID#: 21-110283
4
Beds
0
Baths
0
½ Baths
0.17
Acres
3,544
SQFT
$473
$/SQFT
1924
Built
Neighborhood:
Silver Lake - Echo Park
County:
Los Angeles
Area:
Silver Lake - Echo Park
Property Description
659 Imogen, a well-maintained Silver Lake fourplex, located just South of Sunset Blvd. **** Please note, 659 Imogen must be sold with the neighboring fourplex, 663 Imogen Ave*** Built in 1924, this value-add opportunity features (4) 1-bdrm. units (averaging approx. 890 SF each) sitting on a 7,504 SF lot. Each charming unit features hardwood flooring, in-unit washer and dryer and plenty of storage. Property amenities include automatic and gated entry, shared front yard, communal outdoor area, 4 tandem parking spaces and each unit is separately metered for gas and electricity. This offering presents a significant value-add opportunity, with plenty of lot space to add ADUs and rents are approx. 23% below market rates compared to renovated units.
Exterior Features

Cross Streets Imogen Avenue & Bellevue Avenue Lot Size Area 7508 Other Structures None Parking Garage Auto Driveway GateTandemSide By Side Total Parking 8 View Description None View YN No

Interior Features

Baths Total 4.00 Common Walls Attached Cooling Ceiling FanWindow Unit(S) Equipment Built-InsCeiling FanDishwasherWasherDryerRange/OvenRefrigerator Fireplace Rooms None Flooring Hardwood Heating Wall Laundry In Unit

Property Features

Gross Income 109308 Gross Operating Income 106029 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 70767.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 35262 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lard2

Listing provided courtesy of Max Berger DRE# of Compass.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-22T20:42:30.537. 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