10405 Louisiana Avenue

    Los Angeles (City), CA 90025
    • $5,495,000
    • STATUS: Active
    • ON SITE: 8 days
    • ID#: 18405676
    $5,495,000
    • 0
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,998
      SQFT
    • $458
      $/SQFT
    Type:
    Multi-Family
    Built:
    1952
    County:

    School Ratings & Info

    Description

    10405 Louisiana Avenue presents a rare opportunity to acquire a prime 16 unit development opportunity (Buyer to verify) located in one of the best rental locations in prime West Los Angeles.++G++G+- A short stroll to Century City, the property currently consists of a 10 unit apartment building built in 1952 consisting of 80% two bedroom units and 11,998 total square feet. There is significant rental upside upwards of 100%, as current rents average only $1.37 per square foot. The property is situated on a very large 13,231 square foot lot zoned R3-1. There is no Q condition in place, and the site is not located in the preliminary fault rupture study (per Zimas). By right, current zoning allows for a 16 unit development. Condominiums in the immediate vicinity have sold for well over $800 per square foot, and rental rates have exceed over $4 per square foot. This affluent location commands a high end development project that sets market comparables.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T00:33:29.53. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/89262597

    10405 Louisiana Avenue Los Angeles (City), CA 90025

    • Price: $5,495,000
    • Status: Active
    • ID#: 18405676
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    11,998
    SQFT
    $458
    $/SQFT
    1952
    Built
    Neighborhood:
    C05 - Westwood - Century City
    County:
    Los Angeles
    Area:
    C05 - Westwood - Century City
    Property Description
    10405 Louisiana Avenue presents a rare opportunity to acquire a prime 16 unit development opportunity (Buyer to verify) located in one of the best rental locations in prime West Los Angeles.++G++G+- A short stroll to Century City, the property currently consists of a 10 unit apartment building built in 1952 consisting of 80% two bedroom units and 11,998 total square feet. There is significant rental upside upwards of 100%, as current rents average only $1.37 per square foot. The property is situated on a very large 13,231 square foot lot zoned R3-1. There is no Q condition in place, and the site is not located in the preliminary fault rupture study (per Zimas). By right, current zoning allows for a 16 unit development. Condominiums in the immediate vicinity have sold for well over $800 per square foot, and rental rates have exceed over $4 per square foot. This affluent location commands a high end development project that sets market comparables.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Gross Multiplier 27.56 Gross Operating Income 193399.00 Improvements Amount 209123 Land Value 217572 Laundry YN Yes Net Operating Income 87250.00 Special Listing Conditions Standard Total Expenses 106149.00 Zoning Lar3

    Listing provided courtesy of Jonathan Taksa of Remax Commercial And Investmen.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T00:33:29.53. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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