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2665 Pasadena Avenue

Los Angeles (City), CA 90031
  • $2,400,000
  • STATUS: Active
  • ON SITE: 32 Days
  • ID#: 22147357
UPDATED: 52 min ago
$2,400,000
  • 0
    BEDS
  • 0.39
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1929
County:

School Ratings & Info

Listing Agent(s): Shant Sherbetdjian of Remax Commercial And Investment Realty (213-817-1000) and Enrique Viramontes of ()


Description

We are pleased to present For Sale these Beautiful 9 Unit Pride of Ownership Spanish Style Villas that are located in a Great Lincoln Heights neighborhood. The property has an Attractive Single Story Layout with Spacious 2 and 3 Bedroom Units that are sitting on a Large 17,090 Square Foot Lot Zoned both LAC4 & RD3. The Layout of these 9 Units are as follows: FOUR DUPLEXES (which are comprised of EIGHT Spacious 2 Bedroom + 1 Bathroom Single Story Units) and a detached 3 Bedroom + 2 Bathroom Single-Story home. The 2 Bedroom Units are Approx. 700 Sq.Ft. & the 3 Bedroom Unit is Approx. 980 Sq.Ft. This is a True Turn Key Opportunity that yields a 4.03% Cap Rate on Current Rents and a Market Cap Rate of 6.59%. Over the tenure of ownership there have been Many Capital Improvements done to both the interior as well as the exterior of the property. This property has an Amazing Walk Score of 88 and therefore the Tenants enjoy the ease and comfort of being Walking Distance to Nearby Parks, Schools, Shops and Restaurants off Pasadena Ave and N Broadway. The Property neighbors Boyle Heights and Highland Park, and allows easy access to Downtown Los Angeles, Dodger Stadium and USC. Further from a convenient standpoint, the property is strategically near the 5, 110, 101 and 10 Freeways. Please note, Buyer to verify all information with respect to size, unit mix, unit count, zoning, etc.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T18:30:22.44. 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 Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/127888256
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2665 Pasadena Avenue Los Angeles (City), CA 90031

  • Price: $2,400,000
  • Status: Active
  • On Site: 32 Days
  • Updated: 52 min ago
  • ID#: 22147357
0
Beds
0
Baths
0
½ Baths
0.39
Acres
1929
Built
Neighborhood:
677 - Lincoln Hts
County:
Los Angeles
Area:
677 - Lincoln Hts
Property Description
We are pleased to present For Sale these Beautiful 9 Unit Pride of Ownership Spanish Style Villas that are located in a Great Lincoln Heights neighborhood. The property has an Attractive Single Story Layout with Spacious 2 and 3 Bedroom Units that are sitting on a Large 17,090 Square Foot Lot Zoned both LAC4 & RD3. The Layout of these 9 Units are as follows: FOUR DUPLEXES (which are comprised of EIGHT Spacious 2 Bedroom + 1 Bathroom Single Story Units) and a detached 3 Bedroom + 2 Bathroom Single-Story home. The 2 Bedroom Units are Approx. 700 Sq.Ft. & the 3 Bedroom Unit is Approx. 980 Sq.Ft. This is a True Turn Key Opportunity that yields a 4.03% Cap Rate on Current Rents and a Market Cap Rate of 6.59%. Over the tenure of ownership there have been Many Capital Improvements done to both the interior as well as the exterior of the property. This property has an Amazing Walk Score of 88 and therefore the Tenants enjoy the ease and comfort of being Walking Distance to Nearby Parks, Schools, Shops and Restaurants off Pasadena Ave and N Broadway. The Property neighbors Boyle Heights and Highland Park, and allows easy access to Downtown Los Angeles, Dodger Stadium and USC. Further from a convenient standpoint, the property is strategically near the 5, 110, 101 and 10 Freeways. Please note, Buyer to verify all information with respect to size, unit mix, unit count, zoning, etc.
Exterior Features

Architectural Style Spanish Parking Features On Street Parking Total 0

Property Features

Association Fee 0 Gross Income 150528 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 96686 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lac4 / Rd3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T18:30:22.44. 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 Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Shant Sherbetdjian of Remax Commercial And Investment Realty (213-817-1000) and Enrique Viramontes of ()