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    1017 W 25Th Street

    Los Angeles (City), CA 90007
    • $1,475,000
    • STATUS: Active Under Contract
    • ON SITE: 67 days
    • ID#: 20606756
    Under Contract
    UPDATED: 210 min ago
    $1,475,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1903
    County:

    School Ratings & Info

    Description

    This property is a multi family building that is located in the historic West Adams neighborhood near USC. Originally constructed in 1903, this property features 8 apartment units including 1-two bedroom / two bathroom, 2-one bedroom / one bathroom and 5 studios, all within 4,412 rentable square feet. There are six full size parking spaces with the potential to park two subcompact cars.The property is walking distance to Ralphs Grocery and approximately a mile away from USC. The West Adams area is experiencing revitalization with young professionals, many great restaurants and amenities, and new businesses moving into the area. Many historic homes in the area are being renovated and restored to their previous elegance. The property has long term tenants paying under market rent. This property will appeal to investors looking for a value-add opportunity with upside in rents in a neighborhood experiencing tremendous growth.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-26T00:28:53.443. 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 Better Homes and Gardens Real Estate Vogler Feigen. Licensed in the State of California, USA.

    www.sonyathebroker.com/homes/108042555
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    1017 W 25Th Street Los Angeles (City), CA 90007

    • Price: $1,475,000
    • Status: Active Under Contract
    • Updated: 210 min ago
    • ID#: 20606756
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1903
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    This property is a multi family building that is located in the historic West Adams neighborhood near USC. Originally constructed in 1903, this property features 8 apartment units including 1-two bedroom / two bathroom, 2-one bedroom / one bathroom and 5 studios, all within 4,412 rentable square feet. There are six full size parking spaces with the potential to park two subcompact cars.The property is walking distance to Ralphs Grocery and approximately a mile away from USC. The West Adams area is experiencing revitalization with young professionals, many great restaurants and amenities, and new businesses moving into the area. Many historic homes in the area are being renovated and restored to their previous elegance. The property has long term tenants paying under market rent. This property will appeal to investors looking for a value-add opportunity with upside in rents in a neighborhood experiencing tremendous growth.
    Exterior Features

    Lot Size Units Square Feet Parking Features Assigned Parking YN Yes

    Interior Features

    Appliances RefrigeratorGas Oven Appliances YN Yes Flooring WoodCarpet Heating Wall Furnace Heating YN Yes Laundry Features None

    Property Features

    Country Us Financial Info As Of 2020-07-01 00:00:00 Garage Income 300.00 Garage Rental Rate 300.00 Gross Income 106794.00 Gross Multiplier 14.72 Gross Operating Income 106794.00 Laundry YN No Net Operating Income 58610.00 Other Income1 106494.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 48424.00 Zoning Lard1.5

    Listing provided courtesy of Laura Alice Scaturro of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-26T00:28:53.443. 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 Better Homes and Gardens Real Estate Vogler Feigen. Licensed in the State of California, USA.

     
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