501 S Harvard

    Los Angeles (City), CA 90020
    • $3,345,000
    • STATUS: Active
    • ON SITE: 13 days
    • ID#: 18405260
    UPDATED: 73 min ago
    $3,345,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,694
      SQFT
    • $345
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    MIS-MANAGED APARTMENT BUILDING!!! LONG TERM OWNERSHIP HASN'T RAISED RENTS IN YEARS. RENTS ARE 50% BELOW MARKET RENT IN MANY CASES. EXTREMELY WELL LOCATED BUILDING WALKING DISTANCE TO BOTH NORMANDIE AND WESTERN PURPLE LINE MTA STATIONS. ON SITE PARKING, SEPARATELY METERED FOR GAS AND ELECTRICITY. SEPARATE ENTRANCES FOR MANY UNITS, BEAUTIFUL PATIO AND SIDE YARD, LAUNDRY ROOM IS OWNED BY OWNERSHIP AND PERFECT FOR ANY INVESTOR. DO NOT WALK ON PROPERTY WITH AGENTS. SHOWN WITH ACCEPTED OFFER ONLY. TENANTS ARE NOT AWARE OF SALE. LOW COST PER UNIT AND LOW COSTS PER FOOT. OWNER HASN'T COMPLETED SEISMIC RETROFIT.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-21T08:27:15.513. 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/89236325

    501 S Harvard Los Angeles (City), CA 90020

    • Price: $3,345,000
    • Status: Active
    • Updated: 73 min ago
    • ID#: 18405260
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    9,694
    SQFT
    $345
    $/SQFT
    1955
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    MIS-MANAGED APARTMENT BUILDING!!! LONG TERM OWNERSHIP HASN'T RAISED RENTS IN YEARS. RENTS ARE 50% BELOW MARKET RENT IN MANY CASES. EXTREMELY WELL LOCATED BUILDING WALKING DISTANCE TO BOTH NORMANDIE AND WESTERN PURPLE LINE MTA STATIONS. ON SITE PARKING, SEPARATELY METERED FOR GAS AND ELECTRICITY. SEPARATE ENTRANCES FOR MANY UNITS, BEAUTIFUL PATIO AND SIDE YARD, LAUNDRY ROOM IS OWNED BY OWNERSHIP AND PERFECT FOR ANY INVESTOR. DO NOT WALK ON PROPERTY WITH AGENTS. SHOWN WITH ACCEPTED OFFER ONLY. TENANTS ARE NOT AWARE OF SALE. LOW COST PER UNIT AND LOW COSTS PER FOOT. OWNER HASN'T COMPLETED SEISMIC RETROFIT.
    Exterior Features

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

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 2.78 Gross Multiplier 19.49 Gross Operating Income 171596.00 Improvements Amount 309553 Land Value 206367 Laundry YN Yes Net Operating Income 92935.00 Special Listing Conditions Standard Total Expenses 78661.00 Zoning Lar4

    Listing provided courtesy of Ryan Yatman of Secured Properties Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-21T08:27:15.513. 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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