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819 Beacon Avenue

Los Angeles (City), CA 90017
  • $2,600,000
  • STATUS: Active
  • ON SITE: 18 Days
  • ID#: 22153527
UPDATED: 45 min ago
$2,600,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1906
County:

School Ratings & Info

Listing Agent(s): Amit Yonay of Amit Yonay (818-661-0100)


Description

This is a true value add property with major potential upside in rents in the Downtown LA area. The new owner can additionally create significant value by installing solar panels on the flat roof for a high ROI. There are 5 vacant storage units on the top floor which can be incorporated into the adjacent units to increase their size and bedroom count! It is our understanding that the back portion of the building was built in the 1960's. This is a master metered building for electricity. There are individual gas meters but the owner pays gas as well.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-24T07:31:44.907. 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/128385197
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819 Beacon Avenue Los Angeles (City), CA 90017

  • Price: $2,600,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 45 min ago
  • ID#: 22153527
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1906
Built
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
This is a true value add property with major potential upside in rents in the Downtown LA area. The new owner can additionally create significant value by installing solar panels on the flat roof for a high ROI. There are 5 vacant storage units on the top floor which can be incorporated into the adjacent units to increase their size and bedroom count! It is our understanding that the back portion of the building was built in the 1960's. This is a master metered building for electricity. There are individual gas meters but the owner pays gas as well.
Exterior Features

Architectural Style Victorian Parking Features None Parking Total 0

Interior Features

Flooring Wood Heating Electric Heating YN Yes Interior Features Ceiling Fan(S)

Property Features

Association Fee 0 Gross Income 211747 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 134291 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 97 Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-24T07:31:44.907. 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): Amit Yonay of Amit Yonay (818-661-0100)