747 S Spaulding Avenue

    Los Angeles (City), CA 90036
    • $2,000,000
    • STATUS: Active
    • ON SITE: 78 days
    • ID#: 19483790
    UPDATED: 54 min ago
    $2,000,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,070
      SQFT
    • $491
      $/SQFT
    Type:
    Multi-Family
    Built:
    1940
    County:

    School Ratings & Info

    Description

    Subject property is located in mid-city Los Angeles, California. It is situated within the heart of the Miracle Mile HPOZ. It is a quiet residential neighborhood featuring historic architecture and pride of ownership homes and apartment buildings.This unique property is steps away from some of Los Angeles' most coveted museums and attractions. LACMA, The Petersen Auto Museum, The La Brea Tar Pits, The Academy Museum, The Grove and many more, as well as the famous cafes and restaurants that support them. Miracle Mile is home to great schools, churches, gyms and entertainment. Around the corner from the upcoming Metro Purple Line's Wilshire/Fairfax stop, the property is centrally located and close to all Los Angeles points of interest.The structure was built in 1940 and features four apartment units. The units are large and all feature a separate dining area and den. Two units are two bedrooms and two units are one bedroom. It requires minimum maintenance.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T08:39:24.233. 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/96446167

    747 S Spaulding Avenue Los Angeles (City), CA 90036

    • Price: $2,000,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: 19483790
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    4,070
    SQFT
    $491
    $/SQFT
    1940
    Built
    Neighborhood:
    C19 - Beverly Center-Miracle Mile
    County:
    Los Angeles
    Area:
    C19 - Beverly Center-Miracle Mile
    Property Description
    Subject property is located in mid-city Los Angeles, California. It is situated within the heart of the Miracle Mile HPOZ. It is a quiet residential neighborhood featuring historic architecture and pride of ownership homes and apartment buildings.This unique property is steps away from some of Los Angeles' most coveted museums and attractions. LACMA, The Petersen Auto Museum, The La Brea Tar Pits, The Academy Museum, The Grove and many more, as well as the famous cafes and restaurants that support them. Miracle Mile is home to great schools, churches, gyms and entertainment. Around the corner from the upcoming Metro Purple Line's Wilshire/Fairfax stop, the property is centrally located and close to all Los Angeles points of interest.The structure was built in 1940 and features four apartment units. The units are large and all feature a separate dining area and den. Two units are two bedrooms and two units are one bedroom. It requires minimum maintenance.
    Exterior Features

    Lot Size Units Square Feet Parking Features Garage Parking YN Yes

    Interior Features

    Cooling Wall/Window Unit(S) Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 3.48 Gross Multiplier 18.68 Gross Operating Income 104253.00 Improvements Amount 772733 Land Value 607146 Laundry YN Yes Net Operating Income 71331.00 Property Condition Repairs Cosmetic Special Listing Conditions Standard Tenant Pays Electricity Total Expenses 32922.00 Zoning Lar3

    Listing provided courtesy of Eric Quiros of Capital Brokers


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T08:39:24.233. 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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