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    560 Gladys Ave

    Los Angeles, CA 90013
    • $3,999,000
    • STATUS: Active
    • ON SITE: 44 days
    • ID#: 20-614370
    UPDATED: 139 min ago
    $3,999,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,496
      SQFT
    • $276
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1913
    County:

    School Ratings & Info

    Description

    We are pleased to present for sale a 67 unit "SRO" style building located near the Arts District in Downtown LA. The property is a former Residential Hotel and is currently operating as an apartment building. SRO units = rooms with shared bathrooms, with 2 bathrooms on each floor. 14 units are currently vacant, which provides for an excellent VALUE-ADD opportunity with over 30% upside in rents! The property is 100% sprinklered and the plumbing has been updated. Potential for more units to be vacated prior to the close of escrow. Low price per door at $60,000/door. Property to be sold As-Is. Interior inspection subject to accepted offer. Contact agent for more details!

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-18T23:42:24.38. 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/108595086
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    560 Gladys Ave Los Angeles, CA 90013

    • Price: $3,999,000
    • Status: Active
    • Updated: 139 min ago
    • ID#: 20-614370
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    14,496
    SQFT
    $276
    $/SQFT
    1913
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    We are pleased to present for sale a 67 unit "SRO" style building located near the Arts District in Downtown LA. The property is a former Residential Hotel and is currently operating as an apartment building. SRO units = rooms with shared bathrooms, with 2 bathrooms on each floor. 14 units are currently vacant, which provides for an excellent VALUE-ADD opportunity with over 30% upside in rents! The property is 100% sprinklered and the plumbing has been updated. Potential for more units to be vacated prior to the close of escrow. Low price per door at $60,000/door. Property to be sold As-Is. Interior inspection subject to accepted offer. Contact agent for more details!
    Exterior Features

    Lot Size Area 3845 Other Structures None Parking Garage None Total Parking 0

    Interior Features

    Baths Total 0.00 Cooling Other Equipment Other Heating Other

    Property Features

    Assessed Total Value 95499 Gross Income 378684 Gross Operating Income 378684 Like Units1 67 Net Operating Income 205727.00 Number Of Buildings 1 Number Of Units 67 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 154023 Type Of Units Sro Year Built Source Vendor Enhanced Zoning Lam2

    Listing provided courtesy of Daniel Shamooelian DRE#01984269 of Brc Advisors- Bh.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-18T23:42:24.38. 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