233 North PARK VIEW Street
Los Angeles (City), California CA 90026
$2,179,000 Price
Pending Status
Est. Monthly Payment: $11,697.34 See Details
7,441 Square Feet
0.171 Acres
17197406 Listing ID
This Mid Century Moderrn 8 unit apartment building is located in the burgeoning Central Los Angeles neighborhood of North Westlake, adjacent to Silver Lake, Echo Park, Downtown LA, Pico-Union and Koreatown. Apartment demand remains high as Downtown LA continues its renaissance.Built in 1966, the unit mix includes four 1 bedrooms, three 2 bedrooms and one 4 bedroom originally intended as an "owners" unit. 4 of the 8 units have undergone remodeling, leaving opportunity and upside to be realized. Top floor units have subtle views of the City and/or Hollywood Hills. The building offers 9 parking spaces and has a central coin operated laundry room. This is a rare opportunity to own a well performing and well maintained multifamily asset, in the hot Downtown LA area.
Schedule Showing Virtual Tours (11)
Status Pending
County Los Angeles
Year Built 1966
Property Type Rental Income
Rental Income
{"zipcode": "90026", "price": "2179000"}
Down Payment
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Loan Type

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Primary Features

County: Los Angeles
IDX City Name: Los Angeles
IDX County Name: Los Angeles
Property Type: Rental Income
Year Built: 1966
Zoning: LARD1.5

Financial Details

Cap Rate: 4.61
Expense Actual Annual Vacancy: 7992
Expense Electric: 700
Expense Gardener: 500
Expense Gas: 2000
Expense Insurance: 3300
Expense Licenses: 500
Expense Maintenance: 8000
Expense Maintenance Percent: 5
Expense Operating Percent: 35
Expense Other: 1600
Expense Tax: 27240
Expense Total Annual: 53895
Expense Water: 10000
Gross Operating Income: 154437
Gross Rent Multiplier: 13.4
Land Lease Type: Fee
Net Operating Income: 100542
Original List Price: 2300000
Owner Pays: Gardener, Water
Price Per SqFt: 315.98
Private Transfer Taxes: no
Special Conditions: Standard Sale
Tenant Pays: Electricity, Gas, Trash
Unit Monthly Rent01: 2657.78
Unit Monthly Rent02: 1975
Unit Monthly Rent03: 1493.78
Unit Monthly Rent04: 1481.78
Unit Monthly Rent05: 1500
Unit Monthly Rent06: 1500
Unit Monthly Rent07: 1356.78
Unit Monthly Rent08: 1442
Unit Projected Total Monthly Rent01: 3750
Unit Projected Total Monthly Rent02: 1975
Unit Projected Total Monthly Rent03: 1975
Unit Projected Total Monthly Rent04: 1975
Unit Projected Total Monthly Rent05: 1500
Unit Projected Total Monthly Rent06: 1500
Unit Projected Total Monthly Rent07: 1500
Unit Projected Total Monthly Rent08: 1500
Unit Total Monthly Rent01: 2657.78
Unit Total Monthly Rent02: 1975
Unit Total Monthly Rent03: 1493.78
Unit Total Monthly Rent04: 1481.78
Unit Total Monthly Rent05: 1329
Unit Total Monthly Rent06: 1500
Unit Total Monthly Rent07: 1356.78
Unit Total Monthly Rent08: 1442
Vacancy Allow Percent: 5

Additional

ADA Compliance: no
Additions Alterations: no
Adjusted Gross Income: 162565
BathsTotal: 9
BedroomsTotal: 14
Building Permit: no
Country: UNITED STATES OF AMERICA
Laundry Locations: Community, Laundry Area In Unit
Legal Disclosures: Listing Broker Advantage, Rent Control
List Agent License Number: 01841913
ListingStatus: Pending
Number Of Buildings: 1
Number Water Meters: 1
Square Footage Source: Public Records
Units Total In Complex: 8
Water District: LA DWP

Location Information

Alley: no
Area: Silver Lake - Echo Park (C21)
Cross Streets: TEMPLE AND PARK VIEW
Direction Faces: Faces East
View: no

Interior Features

Building Size: 6896
Cooking Appliances: Range
Cooling Type: Wall Unit(s)
Elevators: no
Fireplace: no
Heating Type: Wall Heater
Total Floors: 2
Unit Furnished01: Unfurnished
Unit Furnished02: Unfurnished
Unit Furnished03: Unfurnished
Unit Furnished04: Unfurnished
Unit Furnished05: Unfurnished
Unit Furnished06: Unfurnished
Unit Furnished07: Unfurnished
Unit Furnished08: Unfurnished
Unit Furnished09: Partially
Unit Furnished10: Partially
Unit Furnished11: Partially
Unit Furnished12: Partially
Unit Furnished13: Partially
Unit Number Of Bath01: 3
Unit Number Of Bath02: 1
Unit Number Of Bath03: 1
Unit Number Of Bath04: 1
Unit Number Of Bath05: 1
Unit Number Of Bath06: 1
Unit Number Of Bath07: 1
Unit Number Of Bath08: 1
Unit Number Of Bed01: 4
Unit Number Of Bed02: 2
Unit Number Of Bed03: 2
Unit Number Of Bed04: 2
Unit Number Of Bed05: 1
Unit Number Of Bed06: 1
Unit Number Of Bed07: 1
Unit Number Of Bed08: 1
Water Heater Features: Water Heater Central
Water Heaters YN: no

External Features

Building Structure Style: Mid Century
Construction: Frame and Stucco
Foundation Details: Foundation - Concrete Slab
Lot Size Source: Public Records
Lot Size SqFt: 7441
Number Electric Meters: 9
Number Gas Meters: 9
Parking Spaces Total: 9
Parking Type: Assigned
Paved YN: no
Pool: no
Roofing: Flat Roof
Spa: no

Zoning Info


Listing courtesy of Geoffrey Jaime (01841913) from GT Investments.
Based on information from CARETS as of Sunday, June 25th, 2017 08:15:50 AM. 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 website comes from the Internet Data Exchange (IDX) program of CARETS. 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.

Contact - Listing ID 17197406

Jovelle Schaffer

1801 Hillhurst Avenue
Los Angeles, CA 90027
Phone: 2137181110

Data services provided by IDX Broker
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http://www.echoparkcool.com
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http://www.echoparkcool.idxbroker.com
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