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527 N Serrano Avenue

Los Angeles (City), CA 90004
  • $1,795,000
  • STATUS: Active
  • ON SITE: 64 Days
  • ID#: 22139235
UPDATED: 60 min ago
$1,795,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1956
County:

School Ratings & Info

Listing Agent(s): Bradley Stone of Stone-Miller (310-202-9008)


Description

New to Market is an Incredible Value Add five (5) unit apartment building with an excellent unit mix consisting of two (2) 1bed/1bath apartments, two (2) two bed one bath apartments, and one (1) three bed/2bath apartment. All tenants are current with the rent and all tenants are paying under market, creating immense upside potential for a new owner. Each tenant pays its own separately metered electricity an owner pays water. Owner has taken great care of the property and maintains a pride of ownership in keeping in great condition. The property is in a great location that has been gentrifying over recent years and there is an opportunity to nearly double the rents the building is currently bringing in. Don't miss this chance for an excellent value-add investment opportunity on a property with a great unit mix!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-28T18:29:49.88. 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/127037425
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527 N Serrano Avenue Los Angeles (City), CA 90004

  • Price: $1,795,000
  • Status: Active
  • On Site: 64 Days
  • Updated: 60 min ago
  • ID#: 22139235
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1956
Built
Neighborhood:
C17 - Mid-Wilshire
County:
Los Angeles
Area:
C17 - Mid-Wilshire
Property Description
New to Market is an Incredible Value Add five (5) unit apartment building with an excellent unit mix consisting of two (2) 1bed/1bath apartments, two (2) two bed one bath apartments, and one (1) three bed/2bath apartment. All tenants are current with the rent and all tenants are paying under market, creating immense upside potential for a new owner. Each tenant pays its own separately metered electricity an owner pays water. Owner has taken great care of the property and maintains a pride of ownership in keeping in great condition. The property is in a great location that has been gentrifying over recent years and there is an opportunity to nearly double the rents the building is currently bringing in. Don't miss this chance for an excellent value-add investment opportunity on a property with a great unit mix!
Exterior Features

Carport YN Yes Parking Features Detached Carport Parking Total 6

Interior Features

Appliances DryerWasher Cooling None Cooling YN No Heating Forced AirWall Furnace Heating YN Yes

Property Features

Association Fee 0 Gross Income 95340 Inclusions Laundry Machines Laundry Features Common AreaLaundry Room Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 51969 New Construction YN No Possession Close Of Escrow Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-28T18:29:49.88. 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.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Bradley Stone of Stone-Miller (310-202-9008)