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819 Beacon Ave

Los Angeles, CA 90017
  • $2,450,000
  • STATUS: Active
  • ON SITE: 144 Days
  • ID#: 22-153527
UPDATED: 72 min ago
$2,450,000
  • 9
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,340
    SQFT
  • $237
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1906
County:

School Ratings & Info

Description

This is a true value add property with major potential upside in rents in the Downtown LA area. The new owner can additionally create significant value by installing solar panels on the flat roof for a high ROI. There are 5 vacant storage units on the top floor which can be incorporated into the adjacent units to increase their size and bedroom count! It is our understanding that the back portion of the building was built in the 1960's. This is a master metered building for electricity. There are individual gas meters but the owner pays gas as well.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-09-27T15:43:13.37. 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/128386904
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819 Beacon Ave Los Angeles, CA 90017

  • Price: $2,450,000
  • Status: Active
  • On Site: 144 Days
  • Updated: 72 min ago
  • ID#: 22-153527
9
Beds
0
Baths
0
½ Baths
0.18
Acres
10,340
SQFT
$237
$/SQFT
1906
Built
Neighborhood:
Downtown L.A.
County:
Los Angeles
Area:
Downtown L.A.
Property Description
This is a true value add property with major potential upside in rents in the Downtown LA area. The new owner can additionally create significant value by installing solar panels on the flat roof for a high ROI. There are 5 vacant storage units on the top floor which can be incorporated into the adjacent units to increase their size and bedroom count! It is our understanding that the back portion of the building was built in the 1960's. This is a master metered building for electricity. There are individual gas meters but the owner pays gas as well.
Exterior Features

Lot Size Area 7750 Other Structures None Parking Garage None Style Victorian Total Parking 0

Interior Features

Baths Total 15.00 Cooling Air Conditioning Equipment Ceiling Fan Flooring Hardwood Heating Electric

Property Features

Assessed Total Value 816868 Gross Income 211747 Gross Operating Income 211747 Like Units1 8 Like Units2 7 Net Operating Income 134291.00 Number Of Buildings 1 Number Of Units 15 Owner Pays ElectricityWater Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 77456 Type Of Units 15 Units Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Amit Yonay DRE#01895490 of Amit Yonay: 818-661-0100.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-09-27T15:43:13.37. 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