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    244 S Avenue 18

    Los Angeles, CA 90031
    • $3,895,000
    • STATUS: Active
    • ON SITE: 28 days
    • ID#: 20-652078
    UPDATED: 57 min ago
    $3,895,000
    • 24
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,958
      SQFT
    • $326
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2016
    County:

    School Ratings & Info

    Description

    Opportunity to acquire 2016 construction in Lincoln Heights. (6) 4bd/3ba 1850SF units and storage room currently in plan check to be converted to 1BD ADU. 5 units are currently vacant. All the units have an open floor layout with the lower levels featuring living area and kitchen and the bedrooms on the upper level and equipped with kitchen appliances, laundry units, hardwood floors (lower level) and carpet (upper level) and large windows bringing in natural lighting. Everything is brand new, very low maintenance and easy to manage. Situated in the hip and trendy area of Lincoln Heights right off Broadway and close to 110, 101 & 5 Freeways, just North of DTLA!

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-25T19:42:32.137. 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/111397794
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    244 S Avenue 18 Los Angeles, CA 90031

    • Price: $3,895,000
    • Status: Active
    • Updated: 57 min ago
    • ID#: 20-652078
    24
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    11,958
    SQFT
    $326
    $/SQFT
    2016
    Built
    Neighborhood:
    Lincoln Heights
    County:
    Los Angeles
    Area:
    Lincoln Heights
    Property Description
    Opportunity to acquire 2016 construction in Lincoln Heights. (6) 4bd/3ba 1850SF units and storage room currently in plan check to be converted to 1BD ADU. 5 units are currently vacant. All the units have an open floor layout with the lower levels featuring living area and kitchen and the bedrooms on the upper level and equipped with kitchen appliances, laundry units, hardwood floors (lower level) and carpet (upper level) and large windows bringing in natural lighting. Everything is brand new, very low maintenance and easy to manage. Situated in the hip and trendy area of Lincoln Heights right off Broadway and close to 110, 101 & 5 Freeways, just North of DTLA!
    Exterior Features

    Covered Parking 12 Lot Size Area 10002 Other Structures None Parking Garage Controlled EntranceCommunity Garage Total Parking 12

    Interior Features

    Baths Total 18.00 Cooling Central Equipment DishwasherGarbage DisposalHood FanMicrowaveDryerWasherRefrigeratorRange/Oven Heating Central

    Property Features

    Assessed Total Value 1820971 Gardener Expense 720.00 Gross Income 290400 Gross Operating Income 290400 Insurance Expense 1800.00 Like Units1 1 Like Units2 5 Maintenance Expense 14300.00 Management Expense 14084.00 Net Operating Income 198488.00 Number Of Buildings 1 Number Of Units 6 Owner Pays WaterGardener Rent Control YN No Sale Type Standard Security Features Gated Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays ElectricityGas Total Annual Expense 86942 Trash Expense 1200.00 Type Of Units Apartment Water Expense 2160.00 Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Shawn S. Kormondy DRE#01451888 of Keller Williams Beverly Hills.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-25T19:42:32.137. 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
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