132 North ALVARADO Street
Los Angeles (City), California CA 90026
$1,860,000 Price
Pending Status
Est. Monthly Payment: $9,984.88 See Details
3,360 Square Feet
0.106 Acres
17250656 Listing ID
The surge of multiple development projects in DTLA is adding to the exciting renovation and bustling energy of this Westlake area, which is in close proximity to both DTLA and Echo Park/Silver Lake. Also, the property is walking distance to Westlake/MacArthur Park Metro Station.Brand new construction, this charming building, which features contemporary architecture with modern details throughout, boasts a strong unit mix of (4) 3+1 units. These spacious units all feature hardwood floors and individual balconies or private yards, adding to the alluring character, as well as, 10' vaulted ceilings, washer/ dryer hookups. Separately metered for gas and electric, the property also conveniently offers 8 onsitegated parking spaces. This is an opportunity not only for an investor to acquire an attractive asset in one of Los Angeles hippest rental marketsthat is pegged for continued gentrification and growth, but also for an owner/user, as two tenants gave notice to vacate as of 8/31/17.
Schedule Showing
Status Pending
County Los Angeles
Year Built 2016
Property Type Rental Income
Rental Income
{"zipcode": "90026", "price": "1860000"}
Down Payment
Credit Score
Points
Loan Amount
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: 2016
Zoning: LAR4

Financial Details

Assessed Improvement Value: 205332
Assessed Land Value: 329956
Cap Rate: 5.13
Expense Total Annual: 34950
Gross Operating Income: 137246
Gross Rent Multiplier: 13.57
Net Operating Income: 95441
Original List Price: 1860000
Private Transfer Taxes: n
Special Conditions: Standard Sale
Unit Monthly Rent01: 2856
Unit Projected Total Monthly Rent01: 3000
Unit Total Monthly Rent01: 2856

Additional

ADA Compliance: n
Additions Alterations: n
Adjusted Gross Income: 94641
BathsTotal: 4
BedroomsTotal: 12
Building Permit: n
Country: UNITED STATES OF AMERICA
Legal Disclosures: Take Property As Is, Rent Control
List Agent License Number: 01346750
ListingStatus: Pending
Number Of Buildings: 1
Square Footage Source: Vendor Enhanced
Units Total In Complex: 4

Location Information

Alley: n
Area: Silver Lake - Echo Park (C21)
View: n

Interior Features

Appliances: Dishwasher, Dryer, Refrigerator, Washer
Cooking Appliances: Range
Cooling Type: Central A/C
Elevators: n
Fireplace: n
Heating Type: Central Furnace
Total Floors: 2
Unit Furnished01: Unfurnished
Unit Furnished02: Partially
Unit Furnished03: Partially
Unit Furnished04: Partially
Unit Furnished05: Partially
Unit Furnished06: Partially
Unit Furnished07: Partially
Unit Furnished08: Partially
Unit Furnished09: Partially
Unit Furnished10: Partially
Unit Furnished11: Partially
Unit Furnished12: Partially
Unit Furnished13: Partially
Unit Number Of Bath01: 1
Unit Number Of Bed01: 3
Water Heaters YN: n

External Features

Lot Size Source: Vendor Enhanced
Lot Size SqFt: 4597
Parking Features: Gated
Parking Spaces Total: 8
Paved YN: n
Pool: n
Spa: n

Zoning Info


Listing courtesy of Neema Ahadian (01346750) from Marcus & Millichap.
Based on information from CARETS as of Thursday, August 17th, 2017 06:13:04 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 17250656

Jovelle Schaffer

1801 Hillhurst Avenue
Los Angeles, CA 90027
Phone: 2137181110

Data services provided by IDX Broker
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