3361 Andrita Street

    Los Angeles (City), CA 90065
    • $2,495,000
    • STATUS: Active Under Contract
    • ON SITE: 48 days
    • ID#: 19514652
    Under Contract
    UPDATED: 173 min ago
    $2,495,000
    • 0
      BEDS
    • 0.48
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,783
      SQFT
    • $431
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    We are pleased to offer for sale this ten (10) unit, 100% vacant, multifamily investment opportunity located at 3361 Andrita Street, in the City of Los Angeles. These two-story buildings, consisting of four (4) separate structures, was constructed of wood frame and stucco on a raised foundation built in 1960 with a square footage of 5,783 on a 20,786-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of six (6) 1+1 units, one (1) studio, two (2) 2+1 units, and one (1) 3+1 unit. The subject property is 100% vacant, and an excellent value-add opportunity for a new investor or developer. The site is fully entitled with permits, Ready to Issue, and shovel ready for 10 subdivision homes.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-13T00:30:08.51. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
    www.northsdrealty.com/homes/99340337

    3361 Andrita Street Los Angeles (City), CA 90065

    • Price: $2,495,000
    • Status: Active Under Contract
    • Updated: 173 min ago
    • ID#: 19514652
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.48
    Acres
    5,783
    SQFT
    $431
    $/SQFT
    1960
    Built
    Neighborhood:
    623 - Glassel Park
    County:
    Los Angeles
    Area:
    623 - Glassel Park
    Property Description
    We are pleased to offer for sale this ten (10) unit, 100% vacant, multifamily investment opportunity located at 3361 Andrita Street, in the City of Los Angeles. These two-story buildings, consisting of four (4) separate structures, was constructed of wood frame and stucco on a raised foundation built in 1960 with a square footage of 5,783 on a 20,786-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of six (6) 1+1 units, one (1) studio, two (2) 2+1 units, and one (1) 3+1 unit. The subject property is 100% vacant, and an excellent value-add opportunity for a new investor or developer. The site is fully entitled with permits, Ready to Issue, and shovel ready for 10 subdivision homes.
    Exterior Features

    Lot Size Source Appraiser Lot Size Units Square Feet Parking Features Other Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 6.60 Gross Multiplier 11.39 Gross Operating Income 219000.00 Improvements Amount 285184 Land Value 664377 Laundry YN Yes Net Operating Income 163811.00 Special Listing Conditions Standard Total Expenses 50809.00 Zoning Lard2

    Listing provided courtesy of Davis Saadian of Brc Advisors- Bh


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-13T00:30:08.51. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
     
    The Houston Team | Compass CA DRE#01991628
    2100 Costa Del Mar
    Carlsbad CA, 92009