3633 Mentone Avenue

    Los Angeles (City), CA 90034
    • $7,000,000
    • STATUS: Active Under Contract
    • ON SITE: 35 days
    • ID#: 18396790
    Under Contract
    UPDATED: 60 min ago
    $7,000,000
    • 0
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 16,900
      SQFT
    • $414
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1975
    County:

    School Ratings & Info

    Description

    ASSUME 3.73% FIXED RATED LOAN $3,210,000. RATE FIXED TO 10/1/2023. LOAN ROLLS TO ADJUSTABLE AFTER FIXED PERIOD AT 6-MONTH LIBOR + 2.25. $3,790,000 CASH TO EXISTING LOAN. NO SELLER FINANCING AVAILABLE. SELLER COMPLETED SOFT STORY RETRO FIT. BUYER MAY BENEFIT FROM CAPITAL IMPROVEMENT RENT INCREASES ON 13 OF 18 FOR SOFT STORY RETROFIT. BUYER MUST VERIFY ELIGIBILITY WITH LAC RENT STABILIZATION BOARD.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T22:30:59.96. 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/88484659

    3633 Mentone Avenue Los Angeles (City), CA 90034

    • Price: $7,000,000
    • Status: Active Under Contract
    • Updated: 60 min ago
    • ID#: 18396790
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    16,900
    SQFT
    $414
    $/SQFT
    1975
    Built
    Neighborhood:
    C13 - Palms - Mar Vista
    County:
    Los Angeles
    Area:
    C13 - Palms - Mar Vista
    Property Description
    ASSUME 3.73% FIXED RATED LOAN $3,210,000. RATE FIXED TO 10/1/2023. LOAN ROLLS TO ADJUSTABLE AFTER FIXED PERIOD AT 6-MONTH LIBOR + 2.25. $3,790,000 CASH TO EXISTING LOAN. NO SELLER FINANCING AVAILABLE. SELLER COMPLETED SOFT STORY RETRO FIT. BUYER MAY BENEFIT FROM CAPITAL IMPROVEMENT RENT INCREASES ON 13 OF 18 FOR SOFT STORY RETROFIT. BUYER MUST VERIFY ELIGIBILITY WITH LAC RENT STABILIZATION BOARD.
    Exterior Features

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

    Interior Features

    Appliances Garbage DisposalRefrigeratorDishwasher Appliances YN Yes Laundry Features Area Room Type Atrium

    Property Features

    Cap Rate 0.04 Electric Expense 1764.00 Fuel Expense 2304.00 Garage Income 0.00 Gross Income 35268.00 Gross Multiplier 16.54 Gross Operating Income 411820.00 Gross Scheduled Income 423216.00 Improvements Amount 2600000 Insurance Expense 7150.00 Land Lease YN No Land Value 3900000 Laundry Income 1300.00 Laundry YN Yes Licenses Expense 2316.00 Maintenance Expense 16929.00 Net Operating Income 255054.00 Number Of Separate Electric Meters 18 Number Of Separate Gas Meters 18 Number Of Separate Water Meters 0 Number Of Units Leased 5 Number Wall AC 18 Number With Dishwasher 18 Number With Disposal 18 Number With Patio 12 Number With Range 18 Number With Refrigerator 18 Operating Expense 7788.00 Pest Control Expense 1320.00 Pool Expense 0.00 Professional Management Expense 12355.00 Special Listing Conditions Standard Taxes Percent 1.20 Tenant Pays ElectricityCable Tv Total Expenses 156765.00 Trash Expense 7080.00 Water Sewer Expense 8412.00 Workmans Compensation Expense 228.00 Zoning Lar3

    Listing provided courtesy of William Weatherby of Weatherby Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T22:30:59.96. 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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