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    2861 Leeward Avenue

    Los Angeles (City), CA 90005
    • $2,695,000
    • STATUS: Active
    • ON SITE: 331 days
    • ID#: WS20096019
    $2,695,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,558
      SQFT
    • $485
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1921
    County:

    School Ratings & Info

    Description

    This 10 unit apartment complex is in the heart of many large developments in the Koreatown area including the 31 story, 644 apartment project on Wilshire and Hoover. Down the street from brand new condos for sell as well as directly adjacent to the new Gateway project on 8th set to break ground in August of this year. A savvy investor could build up to 48 units with TOC tier 3. This quarter of an acre lot on the corner of Leeward and Magnolia allows for easier access for parking layouts and is zoned R4-2 with no height restrictions. The lot is also 70 feet wide compared to the average 60 foot on the block. An investor could purchase and hold knowing well-zoned land is becoming harder to come by.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-17T00:27:53.82. 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/106044725
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    2861 Leeward Avenue Los Angeles (City), CA 90005

    • Price: $2,695,000
    • Status: Active
    • ID#: WS20096019
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    5,558
    SQFT
    $485
    $/SQFT
    1921
    Built
    Neighborhood:
    KREA - Koreatown
    County:
    Los Angeles
    Area:
    KREA - Koreatown
    Property Description
    This 10 unit apartment complex is in the heart of many large developments in the Koreatown area including the 31 story, 644 apartment project on Wilshire and Hoover. Down the street from brand new condos for sell as well as directly adjacent to the new Gateway project on 8th set to break ground in August of this year. A savvy investor could build up to 48 units with TOC tier 3. This quarter of an acre lot on the corner of Leeward and Magnolia allows for easier access for parking layouts and is zoned R4-2 with no height restrictions. The lot is also 70 feet wide compared to the average 60 foot on the block. An investor could purchase and hold knowing well-zoned land is becoming harder to come by.
    Exterior Features

    Lot Features Corner Lot Number Of Separate Electric Meters 10 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Roof Rolled/Hot Mop

    Interior Features

    Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN No Common Interest None Community Features CurbsStreet LightsUrban Electric Standard Electric Expense 5358 Fuel Expense 660 Garage YN No Gross Income 102821 Gross Scheduled Income 102821 Insurance Expense 2926 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 Exchange Maintenance Expense 1264 Net Operating Income 48155 New Construction YN No New Taxes Expense 33750 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Operating Expense 54666 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 6708 Utilities Electricity ConnectedNatural Gas ConnectedWater Connected Water Sewer Expense 4000 Water Source Public Zoning Lar4

    Listing provided courtesy of Travis Ely of Travis Ely and Susan Cosentino of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-17T00:27:53.82. 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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