116 S Avenue 64

    Los Angeles (City), CA 90042
    • $2,688,000
    • STATUS: Active
    • ON SITE: 15 days
    • ID#: 18401720
    $2,688,000
    • 0
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,371
      SQFT
    • $615
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:

    School Ratings & Info

    Description

    RELISTED W/ A $200,000 PRICE REDUCTION! GREAT INVESTMENT OPPORTUNITY FOR A MIXED USE OWNER OCCUPY W/ UPSIDE. This exquisite Victorian trophy property has been meticulously restored & redesigned by acclaimed interior designer Joshua Cain. Located in the Highland Park HPOZ, home to a number of LA's hippest retail tenants. There are 2 lots that are tied together for over 12,000 sq. ft. of space w/ plenty of room to construct a 2nd building with 4-5 more units.There are currently 5 total units w/ the ground flr front unit being a light & bright commercial space well suited for retail or office space. Ideal for owner/occup use by an attorney, artist, retail shop, architect, or a variety of other businesses. There are 3 luxury rental units w/exquisite interior finishes; these units include washer/dryers, dishwashers. There is one rent-controlled tenant in the unrestored 5th unit. Abundant parking w/ 12 ground spaces & 4 garage spaces. W/ a CAP rate of 6.6%, this is a deal not to be missed!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T00:29:41.7. 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/89012284

    116 S Avenue 64 Los Angeles (City), CA 90042

    • Price: $2,688,000
    • Status: Active
    • ID#: 18401720
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    4,371
    SQFT
    $615
    $/SQFT
    1900
    Built
    Neighborhood:
    632 - Highland Park
    County:
    Los Angeles
    Area:
    632 - Highland Park
    Property Description
    RELISTED W/ A $200,000 PRICE REDUCTION! GREAT INVESTMENT OPPORTUNITY FOR A MIXED USE OWNER OCCUPY W/ UPSIDE. This exquisite Victorian trophy property has been meticulously restored & redesigned by acclaimed interior designer Joshua Cain. Located in the Highland Park HPOZ, home to a number of LA's hippest retail tenants. There are 2 lots that are tied together for over 12,000 sq. ft. of space w/ plenty of room to construct a 2nd building with 4-5 more units.There are currently 5 total units w/ the ground flr front unit being a light & bright commercial space well suited for retail or office space. Ideal for owner/occup use by an attorney, artist, retail shop, architect, or a variety of other businesses. There are 3 luxury rental units w/exquisite interior finishes; these units include washer/dryers, dishwashers. There is one rent-controlled tenant in the unrestored 5th unit. Abundant parking w/ 12 ground spaces & 4 garage spaces. W/ a CAP rate of 6.6%, this is a deal not to be missed!
    Exterior Features

    Garage Spaces 4.00 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Parking Space Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No

    Interior Features

    Cooling Central Cooling YN Yes Fireplace Features None Fireplace YN No

    Property Features

    Cap Rate 6.60 Gross Multiplier 13.44 Gross Operating Income 200000.00 Insurance Expense 118.00 Net Operating Income 178000.00 Number With Patio 1 Property Condition Updated/Remodeled Special Listing Conditions Standard Total Expenses 22000.00 Trash Expense 312.00 Zoning Lard1.5

    Listing provided courtesy of Marisa Tranquilli of Keller Williams Larchmont.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T00:29:41.7. 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.
     
    Fred Sed Realty - Keller Williams
    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604