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    2605-2615 W 16th Place

    Los Angeles (City), CA 90019
    • $2,388,888
    • STATUS: Active
    • ON SITE: 126 days
    • ID#: 320004287
    UPDATED: 70 min ago
    $2,388,888
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,117
      SQFT
    • $336
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    Great Investment Opportunity! Multi-Family Investment Income Property with 9 units, great income, and plenty of On-Site Parking. Great mix of units with two large 2 bed + 2 bath units, five 2 bed + 1 bath units, one 1 Bed + 1 bath unit, and a Bachelor unit. Full Occupancy. UNITS ARE SEPARATELY METERED FOR GAS AND ELECTRICITY except Bachelor Unit. SELLER REPRESENTS THE UPGRADES ARE: SOME UNITS HAVE UPGRADED VERTICAL AND HORIZONTAL PLUMBING TO COPPER; SOME UNITS HAVE BEEN REMODELED AND WINDOWS HAVE BEEN REPLACED; AND NEW 100 GAL. WATER HEATER. EASY ACCESS TO DOWNTOWN, HOLLYWOOD, WLA, 10FWY. RENT ROLL AND INCOMES & EXPENSES ARE AVAILABLE UPON REQUEST. Located in Arlington Heights. 2 story building, fully occupied. 15 parking spaces. Comprising 3 addresses into one building, located in the heart of Los Angeles at the corner of 16th place and Arlington Blvd., In an up and coming area that is close to downtown L.A., freeways, and major boulevards. Rent control Area.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-13T21:27:51.31. 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 or Realty Masters & Associates. Licensed in the State of California, USA.
    www.mckeeregroup.com/homes/112455047
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    2605-2615 W 16th Place Los Angeles (City), CA 90019

    • Price: $2,388,888
    • Status: Active
    • Updated: 70 min ago
    • ID#: 320004287
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    7,117
    SQFT
    $336
    $/SQFT
    1958
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    Great Investment Opportunity! Multi-Family Investment Income Property with 9 units, great income, and plenty of On-Site Parking. Great mix of units with two large 2 bed + 2 bath units, five 2 bed + 1 bath units, one 1 Bed + 1 bath unit, and a Bachelor unit. Full Occupancy. UNITS ARE SEPARATELY METERED FOR GAS AND ELECTRICITY except Bachelor Unit. SELLER REPRESENTS THE UPGRADES ARE: SOME UNITS HAVE UPGRADED VERTICAL AND HORIZONTAL PLUMBING TO COPPER; SOME UNITS HAVE BEEN REMODELED AND WINDOWS HAVE BEEN REPLACED; AND NEW 100 GAL. WATER HEATER. EASY ACCESS TO DOWNTOWN, HOLLYWOOD, WLA, 10FWY. RENT ROLL AND INCOMES & EXPENSES ARE AVAILABLE UPON REQUEST. Located in Arlington Heights. 2 story building, fully occupied. 15 parking spaces. Comprising 3 addresses into one building, located in the heart of Los Angeles at the corner of 16th place and Arlington Blvd., In an up and coming area that is close to downtown L.A., freeways, and major boulevards. Rent control Area.
    Exterior Features

    Carport Spaces 0.00 Construction Materials Frame Entry Location Ground Level No StepsGround LevelMain Level Garage Spaces 2.00 Lot Features Rectangular LotCorner Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Features CarportGarage - Single DoorCovered Parking Total 2.00 Parking YN Yes Pool Private YN No Spa YN No View YN No

    Interior Features

    Appliances Gas Cooking Appliances YN Yes Average Studio Area 0 Average1 Bed Area 0 Average2 Bed Area 0 Average3 Bed Area 0 Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace YN No Flooring LaminateCarpetVinylTileWood Heating Wall FurnaceNatural Gas Heating YN Yes Interior Features Copper Plumbing PartialBalcony Laundry Features None Levels Two

    Property Features

    Association YN No Cable Tv Expense 0.00 Cap Rate 0.00 Country Us Electric Expense 0.00 Fuel Expense 0.00 Furniture Replacement Expense 0.00 Garage Income 0.00 Gross Equity 0 Gross Income 12804.00 Gross Multiplier 0.00 Gross Operating Income 0.00 Gross Scheduled Income 0.00 Gross Spendable Income 0.00 Improvements Amount 0 Improvements Percent 0.00 Insurance Expense 0.00 Land Lease Amount 0.00 Land Lease Amount Frequency See Remarks Land Lease YN No Land Value 0 Land Value Percent 0.00 Laundry Income 0.00 Laundry YN No Licenses Expense 0.00 Maintenance Expense 0.00 Maintenance Percent 0.00 Net Operating Income 0.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 9 Number Of Units Leased 9 Number Wall AC 0 Number With Carpet 0 Number With Dishwasher 0 Number With Disposal 0 Number With Drapes 0 Number With Patio 0 Number With Range 0 Number With Refrigerator 0 Operating Expense 0.00 Operating Expense Percent 0.00 Other Expense 0.00 Other Income1 0.00 Other Income2 0.00 Personal Property Amount 0 Personal Property Percent 0.00 Pest Control Expense 0.00 Pool Expense 0.00 Professional Management Expense 0.00 Security Expense 0.00 Security Features Smoke Detector(S)Window BarsCarbon Monoxide Detector(S) Sold Cap Rate 0.00 Special Listing Conditions Standard Supplies Expense 0.00 Tax Rate 0.00 Taxes Percent 0.00 Tenant Pays ElectricityCable TvGas Total Actual Rent 0.00 Total Expenses 0.00 Trash Expense 0.00 Vacancy Allowance 0 Vacancy Allowance Rate 0.00 Walk Score 0 Water Sewer Expense 0.00 Water Source Public Workmans Compensation Expense 0.00 Zoning Lard1.5

    Listing provided courtesy of Berge Berberian of Keller Williams R.E. Services


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-13T21:27:51.31. 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 or Realty Masters & Associates. Licensed in the State of California, USA.
     
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