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    1201 S Alfred St

    Los Angeles, CA 90035
    • $2,350,000
    • STATUS: Active
    • ON SITE: 3 days
    • ID#: 20-632556
    New On Site 3 Days Ago
    UPDATED: 24 min ago
    $2,350,000
    • 5
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,869
      SQFT
    • $483
      $/SQFT
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Ratings & Info

    Description

    6-unit French Normandy style multifamily property in the charming and rapidly developing neighborhood of Pico-Robertson. Located on a quiet residential block just north of W. Pico Boulevard and east of La Cienega Boulevard, the subject property is adjacent to some of the popular shopping and dining destinations including The Grove, Beverly Center,Miracle Mile, W. 3rd Street and Beverly Hills. 4,869 SF two-story building sits on a 6,344 SF corner lot, and is comprised of (5) one-bedroom and one bath units and (1) studio unit.These bright and spacious units average over 800 SF, and two units have been remodeled to the studs. Additionally, the well-maintained property features an upgraded electrical system, mostly copper plumbing, on-site laundry facility and garage parking for 4 cars with open tandem parking for two cars. 1201 S. Alfred presents a significant value-add opportunity to investors, as current rents are approx. 38% below market value for nicely remodeled units in the area.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-18T12:42:41.837. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.lydiagable.com/homes/110007877
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    1201 S Alfred St Los Angeles, CA 90035

    • Price: $2,350,000
    • Status: Active
    • Updated: 24 min ago
    • ID#: 20-632556
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    4,869
    SQFT
    $483
    $/SQFT
    1930
    Built
    Neighborhood:
    Beverly Center-Miracle Mile
    County:
    Los Angeles
    Area:
    Beverly Center-Miracle Mile
    Property Description
    6-unit French Normandy style multifamily property in the charming and rapidly developing neighborhood of Pico-Robertson. Located on a quiet residential block just north of W. Pico Boulevard and east of La Cienega Boulevard, the subject property is adjacent to some of the popular shopping and dining destinations including The Grove, Beverly Center,Miracle Mile, W. 3rd Street and Beverly Hills. 4,869 SF two-story building sits on a 6,344 SF corner lot, and is comprised of (5) one-bedroom and one bath units and (1) studio unit.These bright and spacious units average over 800 SF, and two units have been remodeled to the studs. Additionally, the well-maintained property features an upgraded electrical system, mostly copper plumbing, on-site laundry facility and garage parking for 4 cars with open tandem parking for two cars. 1201 S. Alfred presents a significant value-add opportunity to investors, as current rents are approx. 38% below market value for nicely remodeled units in the area.
    Exterior Features

    Lot Size Area 6344 Other Structures None Parking Garage Garage - 2 CarTandemParking Space Total Parking 6

    Interior Features

    Baths Total 6.00 Common Walls Attached Cooling Wall Unit(S) Equipment Built-InsFreezerRefrigeratorGarbage DisposalRange/Oven Heating Central Laundry Community

    Property Features

    Assessed Total Value 1220193 Gross Income 119292 Gross Operating Income 115714 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 70386.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Security Features None Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 45328 Type Of Units Apartments Year Built Source Other Zoning Lard1.5

    Listing provided courtesy of Kenny Stevens DRE#01090251 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-18T12:42:41.837. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377