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    1841 S Redondo Blvd

    Los Angeles, CA 90019
    • $6,250,000
    • STATUS: Active
    • ON SITE: 8 days
    • ID#: 20-633018
    UPDATED: 88 min ago
    $6,250,000
    • 22
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,155
      SQFT
    • $514
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1950
    County:

    School Ratings & Info

    Description

    1837-1841 S Redondo Blvd is a charming renovated property surrounded by high-end development. Units beautifully renovated with W/D (all except 4). Attractive 3.7% cap rate; under $400k/Unit; 16 courtyard style apt units on two separate lots totaling 15,436 sf; Two 8-unit buildings (on two separate, legal parcels with two APN numbers). Opportunity to obtain a new loan and capitalize on current low interest rates. Built in 1950, extensively renovated in the last few years. Most have been renovated with new kitchens, new baths, new flooring, new plumbing, in-unit washer and dryer, air conditioning, new windows, and more. Information shown is for both parcel numbers: 5067-019-029 and 5067-019-030. Rents shown are 13 out of 16 units. Located minutes to trendy shopping, eateries and entertainment, including The Grove, Larchmont, and the Beverly Center.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-23T23:42:31.58. 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/110041871
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    1841 S Redondo Blvd Los Angeles, CA 90019

    • Price: $6,250,000
    • Status: Active
    • Updated: 88 min ago
    • ID#: 20-633018
    22
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    12,155
    SQFT
    $514
    $/SQFT
    1950
    Built
    Neighborhood:
    Mid Los Angeles
    County:
    Los Angeles
    Area:
    Mid Los Angeles
    Property Description
    1837-1841 S Redondo Blvd is a charming renovated property surrounded by high-end development. Units beautifully renovated with W/D (all except 4). Attractive 3.7% cap rate; under $400k/Unit; 16 courtyard style apt units on two separate lots totaling 15,436 sf; Two 8-unit buildings (on two separate, legal parcels with two APN numbers). Opportunity to obtain a new loan and capitalize on current low interest rates. Built in 1950, extensively renovated in the last few years. Most have been renovated with new kitchens, new baths, new flooring, new plumbing, in-unit washer and dryer, air conditioning, new windows, and more. Information shown is for both parcel numbers: 5067-019-029 and 5067-019-030. Rents shown are 13 out of 16 units. Located minutes to trendy shopping, eateries and entertainment, including The Grove, Larchmont, and the Beverly Center.
    Exterior Features

    Lot Size Area 15436 Other Structures None Parking Garage Covered Parking Total Parking 12

    Interior Features

    Baths Total 16.00 Cooling Air Conditioning Equipment DishwasherDryerWasherRange/OvenGarbage Disposal Heating Other Laundry CommunityIn Unit Water Heater Features Tankless

    Property Features

    Assessed Total Value 1240982 Gross Income 382984 Gross Operating Income 374494 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 228296.00 Number Of Buildings 2 Number Of Units 16 Property Condition Updated/Remodeled Sale Type Standard Source Living Area Title Company Source Lot Size Area Assessor Total Annual Expense 146198 Type Of Units income Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Adrienne Barr DRE#01308753 of Berkadia.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-23T23:42:31.58. 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