1351 N Alta Vista

    Los Angeles (City), CA 90046
    • $2,500,000
    • STATUS: Pending
    • ON SITE: 195 days
    • ID#: 19471498
    Pending
    UPDATED: 99 min ago
    $2,500,000
    • 7
      BEDS
    • 0.22
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    • 6,296
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1939
    County:

    School Ratings & Info

    Description

    Kidder Mathews is pleased to present this exclusive investment offering of a 6-unit apartment building with redevelopment potential located in prime Hollywood. The subject property is located at 1351 North Alta Vista Boulevard, Los Angeles, CA 90046 ("Property"). It offers investors and developers a rare opportunity to acquire an existing, character apartment building on a large lot.The Property consists of one structure with a total of 6,296 square feet of rentable space on a single lot with 9,681 square feet of land zoned LAR3. Originally constructed as six apartment buildings and featuring attractive period architecture, the current rents are well-below market due to Los Angeles rent control restrictions. This presents "value-add" potential for an investor or a developer to consider new apartments or condominiums.

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    Based on information from CARETS as of 2019-12-11T18:42:07.123. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.lydiagable.com/homes/95290914

    1351 N Alta Vista Los Angeles (City), CA 90046

    • Price: $2,500,000
    • Status: Pending
    • Updated: 99 min ago
    • ID#: 19471498
    7
    Beds
    6
    Baths
    0
    ½ Baths
    0.22
    Acres
    6,296
    SQFT
    $0
    $/SQFT
    1939
    Built
    Neighborhood:
    Hollywood (C20)
    County:
    Los Angeles
    Area:
    Hollywood (C20)
    Property Description
    Kidder Mathews is pleased to present this exclusive investment offering of a 6-unit apartment building with redevelopment potential located in prime Hollywood. The subject property is located at 1351 North Alta Vista Boulevard, Los Angeles, CA 90046 ("Property"). It offers investors and developers a rare opportunity to acquire an existing, character apartment building on a large lot.The Property consists of one structure with a total of 6,296 square feet of rentable space on a single lot with 9,681 square feet of land zoned LAR3. Originally constructed as six apartment buildings and featuring attractive period architecture, the current rents are well-below market due to Los Angeles rent control restrictions. This presents "value-add" potential for an investor or a developer to consider new apartments or condominiums.
    Exterior Features

    Parking Spaces Total 6 Parking Type Assigned

    Interior Features

    Appliances None Cooling Type Air Conditioning Heating Type None Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Partially Unit Furnished03 Partially Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bath04 1.0 Unit Number Of Bath05 1.0 Unit Number Of Bath06 1.0 Unit Number Of Bed01 1 Unit Number Of Bed02 1 Unit Number Of Bed03 1 Unit Number Of Bed04 2 Unit Number Of Bed05 1 Unit Number Of Bed06 0

    Property Features

    Adjusted Gross Income 131388.00 Assessed Improvement Value 440434.00 Assessed Land Value 742635.00 Cap Rate 3.10 Country United States Of America Expense Total Annual 49988.00 Gross Operating Income 127446.00 Gross Rent Multiplier 19.03 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Vendor Enhanced Net Operating Income 77458.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 1418.00 Unit Monthly Rent02 1501.00 Unit Monthly Rent03 1258.00 Unit Monthly Rent04 3200.00 Unit Monthly Rent05 1805.00 Unit Monthly Rent06 1707.00 Unit Projected Total Monthly Rent01 2250.00 Unit Projected Total Monthly Rent02 2250.00 Unit Projected Total Monthly Rent03 2250.00 Unit Projected Total Monthly Rent04 3200.00 Unit Projected Total Monthly Rent05 2250.00 Unit Projected Total Monthly Rent06 1750.00 Unit Total Monthly Rent01 1418.00 Unit Total Monthly Rent02 1501.00 Unit Total Monthly Rent03 1258.00 Unit Total Monthly Rent04 3200.00 Unit Total Monthly Rent05 1805.00 Unit Total Monthly Rent06 1707.00 Unit Type01 1 Unit Type02 1 Unit Type03 1 Unit Type04 1 Unit Type05 1 Units Total In Complex 6 Zoning Lar3

    Listing provided courtesy of Michael Monempour DRE#01996829 of Kidder Mathews Of California, Inc..


    Based on information from CARETS as of 2019-12-11T18:42:07.123. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
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