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    3415 S Bronson Ave

    Los Angeles, CA 90018
    • $1,425,000
    • STATUS: Active
    • ON SITE: 60 days
    • ID#: 20-608436
    UPDATED: 41 min ago
    $1,425,000
    • 10
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,708
      SQFT
    • $303
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1945
    County:

    School Ratings & Info

    Description

    The 5-Unit apartment building of 3415 S Bronson Avenue is being brought on the market in the ever-growing neighborhood of West Adams. The building itself has been recently painted with exterior landscape renovations to match. Three (3) of the Five (5) units have been recently renovated with Class-A finishes that drive rents in this market. The renovations show a clear path for a prospective buyer to do the same with the remaining Two (2) units. The property comes with Assumable debt of $910,000 dollars at an attractive rate of 4.05%. Bronson Avenue allows an investor to push rents with an already steady cash-flowing building. The stability and lower risk associated with this deal can be seen in the 4.84% Current Cap Rate and 13.60 Current GRM.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-22T16:42:53.05. 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/108170856
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    3415 S Bronson Ave Los Angeles, CA 90018

    • Price: $1,425,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: 20-608436
    10
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,708
    SQFT
    $303
    $/SQFT
    1945
    Built
    Neighborhood:
    Park Hills Heights
    County:
    Los Angeles
    Area:
    Park Hills Heights
    Property Description
    The 5-Unit apartment building of 3415 S Bronson Avenue is being brought on the market in the ever-growing neighborhood of West Adams. The building itself has been recently painted with exterior landscape renovations to match. Three (3) of the Five (5) units have been recently renovated with Class-A finishes that drive rents in this market. The renovations show a clear path for a prospective buyer to do the same with the remaining Two (2) units. The property comes with Assumable debt of $910,000 dollars at an attractive rate of 4.05%. Bronson Avenue allows an investor to push rents with an already steady cash-flowing building. The stability and lower risk associated with this deal can be seen in the 4.84% Current Cap Rate and 13.60 Current GRM.
    Exterior Features

    Levels Multi/Split Lot Size Area 6292 Other Structures None Parking Garage Above Street Level Total Parking 5

    Interior Features

    Baths Total 6.00 Cooling None Equipment Alarm System Heating None

    Property Features

    Assessed Total Value 850000 Gross Income 104743 Gross Operating Income 101601 Like Units1 1 Like Units2 3 Like Units3 1 Net Operating Income 69010.00 Number Of Buildings 1 Number Of Units 5 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 32591 Type Of Units Apartment Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of David Harrington DRE#01320460 of Matthews Real Estate Investment Services.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-22T16:42:53.05. 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