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    6740 Brynhurst Avenue

    Los Angeles, CA 90043
    • $4,999,000
    • STATUS: Active
    • ON SITE: 134 days
    • ID#: SR20136879
    UPDATED: 68 min ago
    $4,999,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,370
      SQFT
    • $325
      $/SQFT
    Type:
    Multi-Family
    Built:
    2019
    County:

    School Ratings & Info

    Description

    BRAND NEW CONSTRUCTION (NON RENT CONTROLLED APARTMENT BUILDING) at $325 per Sq. ft. in booming neighborhood of RAMS Stadium. Only 3 min walk from new Florence/West LA metro station. There are total 12 very spacious unit - 9 units are 3 Bed/2 bath ranging from 1150 to 1350 sq. ft. , 2 units are 2 bed/2 bath at 950 sq. ft and one unit is 1 Bed/1 Bath on ground floor. Every unit comes with it's own private balcony and covered Reserved parking. Out of this, 2 units are reserved for affordable housing. Building has Recreational room and onsite Laundry. All the units are rented to Sec 8 LA Housing Authority, assuring the timely rent to owner.There is currently Freddie Mac non-recourse, assumable loan of $3,093,000 at 3.4%, so this will be transferred to new buyer. Buyer needs to bring the additional equity to purchase this. Monthly Gross Rental Income is $27,435 and monthly principal & Interest mortgage payment is $13,747.92. This comes at 4.92 CAP and 15 GRM.Location - Just under 2 miles to brand new 80,000 seat NFL Rams stadium, less than 2 miles away from the planned Hollywood Park development which will include about 500,000 SF retail & entertainment and more than 2500 residential units, this property's location screams for investors attention. This could be your best Investment for next 5-10 years as prices are going up consistently and growth in this area is higher as compared to other areas of LA.

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    Based on information from CRISNet MLS as of 2020-11-24T20:56:07.48. 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.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-11-24T20:56:07.48. 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/107784093
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    6740 Brynhurst Avenue Los Angeles, CA 90043

    • Price: $4,999,000
    • Status: Active
    • Updated: 68 min ago
    • ID#: SR20136879
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    15,370
    SQFT
    $325
    $/SQFT
    2019
    Built
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    BRAND NEW CONSTRUCTION (NON RENT CONTROLLED APARTMENT BUILDING) at $325 per Sq. ft. in booming neighborhood of RAMS Stadium. Only 3 min walk from new Florence/West LA metro station. There are total 12 very spacious unit - 9 units are 3 Bed/2 bath ranging from 1150 to 1350 sq. ft. , 2 units are 2 bed/2 bath at 950 sq. ft and one unit is 1 Bed/1 Bath on ground floor. Every unit comes with it's own private balcony and covered Reserved parking. Out of this, 2 units are reserved for affordable housing. Building has Recreational room and onsite Laundry. All the units are rented to Sec 8 LA Housing Authority, assuring the timely rent to owner.There is currently Freddie Mac non-recourse, assumable loan of $3,093,000 at 3.4%, so this will be transferred to new buyer. Buyer needs to bring the additional equity to purchase this. Monthly Gross Rental Income is $27,435 and monthly principal & Interest mortgage payment is $13,747.92. This comes at 4.92 CAP and 15 GRM.Location - Just under 2 miles to brand new 80,000 seat NFL Rams stadium, less than 2 miles away from the planned Hollywood Park development which will include about 500,000 SF retail & entertainment and more than 2500 residential units, this property's location screams for investors attention. This could be your best Investment for next 5-10 years as prices are going up consistently and growth in this area is higher as compared to other areas of LA.
    Exterior Features

    Levels Three Or More Lot Features 6-10 Units/Acre Lot Size Area 11327.0000 Parking Total 16.00

    Interior Features

    Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Heating Central Heating YN Yes Interior Features BalconyGranite CountersLiving Room BalconyOpen Floorplan Laundry Features CommunitySee Remarks Laundry YN Yes Room Type Master BathroomMaster BedroomWalk-In Closet

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Community Features SidewalksStorm DrainsStreet LightsUrban Electric Expense 1800.00 Fuel Expense 0.00 Gardener Expense 1200.00 Gross Equity 1906000 Gross Income 329220.00 Gross Multiplier 15.00 Gross Operating Income 329220.00 Gross Scheduled Income 329220.00 Insurance Expense 6000.00 Land Lease YN No Net Operating Income 245804.00 New Construction YN No New Taxes Expense 50000.00 Number Of Separate Electric Meters 12 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 12 Operating Expense 83416.00 Pool Features None Pool Private YN No Professional Management Expense 14400.00 Property Attached YN Yes Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public SewerSewer Paid Special Listing Conditions Standard Tenant Pays None Total Expenses 83416.00 Trash Expense 3600.00 Water Sewer Expense 6416.00 Water Source Public Zoning Lar3

    Listing provided courtesy of Manish Drona, CA DRE# , of Drona Realty & Mortgages.


    Based on information from CRISNet MLS as of 2020-11-24T20:56:07.48. 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.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-11-24T20:56:07.48. 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