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639 E Martin Luther King Jr Boulevard

Los Angeles (City), CA 90011
  • $2,200,000
  • STATUS: Active
  • ON SITE: 8 Days
  • ID#: 22155289
UPDATED: 69 min ago
$2,200,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1913
County:

School Ratings & Info

Listing Agent(s): Griffin White of Brc Advisors- Bh ()


Description

We are pleased to offer this nine unit investment opportunity, located in the City of Los Angeles. The unit mix consists of seven 1+1 units and two 2+1 units. The investment consists of approximately 6,363 of rentable square feet and is situated on an approximately 9,590 square foot parcel. Recent property upgrades include a new surveillance system, new exterior paint, new exterior lighting, new exterior building and unit numbers, and seven of then units have recently been renovated. The building amenities include a new washer & dryer for additional income, owner occupied garages that can be converted to ADUs for additional income (buyer to verify), and the property is separately metered for both gas & electricity. The property is subject to City of Los Angeles Rent Stabilization Ordinance and the property is in compliance with the Los Angeles Soft-Story Retrofit Program.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-19T22:30:37.01. 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/128557813
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639 E Martin Luther King Jr Boulevard Los Angeles (City), CA 90011

  • Price: $2,200,000
  • Status: Active
  • On Site: 8 Days
  • Updated: 69 min ago
  • ID#: 22155289
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1913
Built
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
We are pleased to offer this nine unit investment opportunity, located in the City of Los Angeles. The unit mix consists of seven 1+1 units and two 2+1 units. The investment consists of approximately 6,363 of rentable square feet and is situated on an approximately 9,590 square foot parcel. Recent property upgrades include a new surveillance system, new exterior paint, new exterior lighting, new exterior building and unit numbers, and seven of then units have recently been renovated. The building amenities include a new washer & dryer for additional income, owner occupied garages that can be converted to ADUs for additional income (buyer to verify), and the property is separately metered for both gas & electricity. The property is subject to City of Los Angeles Rent Stabilization Ordinance and the property is in compliance with the Los Angeles Soft-Story Retrofit Program.
Exterior Features

Parking Features Driveway Parking Total 0

Property Features

Association Fee 0 Gross Income 170145 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 116579 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning Lard2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-19T22:30:37.01. 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): Griffin White of Brc Advisors- Bh ()