1527 Granville Avenue

    Los Angeles (City), CA 90025
    • $3,000,000
    • STATUS: Active
    • ON SITE: 5 days
    • ID#: SB18269668
    New On Site 5 Days Ago
    $3,000,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,770
      SQFT
    • $386
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1972
    County:

    School Ratings & Info

    Description

    9 units, great mix in Prime West Los Angeles. Close to Dining, Shopping, Schools, Freeway access, Parks and Entertainment. "Walk Score" of 90. This very clean 9 unit building has been family owned for over 40 years, first time on the market. Below market rents, huge upside. Individually metered for gas and electric. Excellent value add opportunity. Priced to sell. Don't miss out on the opportunity to own in one of the most desirable neighborhoods in West Los Angeles.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T00:29:41.7. 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. Licensed in the State of California, USA.
    www.mainstreetgroup.com/homes/89297462

    1527 Granville Avenue Los Angeles (City), CA 90025

    • Price: $3,000,000
    • Status: Active
    • ID#: SB18269668
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    7,770
    SQFT
    $386
    $/SQFT
    1972
    Built
    Neighborhood:
    WLA - West Los Angeles
    County:
    Los Angeles
    Area:
    WLA - West Los Angeles
    Property Description
    9 units, great mix in Prime West Los Angeles. Close to Dining, Shopping, Schools, Freeway access, Parks and Entertainment. "Walk Score" of 90. This very clean 9 unit building has been family owned for over 40 years, first time on the market. Below market rents, huge upside. Individually metered for gas and electric. Excellent value add opportunity. Priced to sell. Don't miss out on the opportunity to own in one of the most desirable neighborhoods in West Los Angeles.
    Exterior Features

    Carport Spaces 12.00 Garage Spaces 0.00 Lot Features 36-40 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 12.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 1.52 Community Features CurbsSidewalksStreet Lighting Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 840.00 Gross Income 120166.00 Gross Operating Income 116561.00 Gross Scheduled Income 120166.00 Insurance Expense 3885.00 Land Lease YN No Laundry YN No Maintenance Expense 5828.00 Maintenance Percent 5.00 Net Operating Income 45694.00 New Construction YN No New Taxes Expense 35880.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Operating Expense 70867.00 Operating Expense Percent 59.00 Professional Management Expense 5828.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Rate 1.19 Total Actual Rent 10014.00 Total Expenses 70867.00 Trash Expense 0.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 15300.00 Water Source Public Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Michael Millea of Keller Williams Beach Cities.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T00:29:41.7. 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. Licensed in the State of California, USA.
     
    Mainstreet Realtors®
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    Rancho Cucamonga CA, 91730