1723-1/2 W 52ND Street

    Los Angeles (City), CA 90062
    • $665,000
    • STATUS: Active
    • ON SITE: 127 days
    • ID#: 18415824
    UPDATED: 222 min ago
    $665,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,827
      SQFT
    • $364
      $/SQFT
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    1723 W 52nd St is a 6 unit apartment complex consisting of 2 detached structures. This property is located in the heart of Los Angeles with 10 minute drive to USC and Downtown Los Angeles. This property is great for a first time investor looking for strong cash flow in a rapidly gentrifying market. The front structure consists of 4 units. Units 1 and 2 are both 2-bedroom + 1-bathroom units with a separate entrance in the front. Units 3 and 4 are both studio apartments attached to the rear of the first structure. Unit 3 is delivered vacant and in excellent condition for market rent. The 2nd structure consists of 2 attached studio apartments. The entire apartment complex has copper plumbing and has over 25% upside with below market rents.Disclosure: Title shows only 2 legal units and total square footage reflects this. There are 4 non-conforming studios not showing on title that are approximately 250 sqft. each. Buyer to verify actual square footage and legality of units.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-21T00:34:12.42. 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. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/90092564

    1723-1/2 W 52ND Street Los Angeles (City), CA 90062

    • Price: $665,000
    • Status: Active
    • Updated: 222 min ago
    • ID#: 18415824
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1,827
    SQFT
    $364
    $/SQFT
    1924
    Built
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    1723 W 52nd St is a 6 unit apartment complex consisting of 2 detached structures. This property is located in the heart of Los Angeles with 10 minute drive to USC and Downtown Los Angeles. This property is great for a first time investor looking for strong cash flow in a rapidly gentrifying market. The front structure consists of 4 units. Units 1 and 2 are both 2-bedroom + 1-bathroom units with a separate entrance in the front. Units 3 and 4 are both studio apartments attached to the rear of the first structure. Unit 3 is delivered vacant and in excellent condition for market rent. The 2nd structure consists of 2 attached studio apartments. The entire apartment complex has copper plumbing and has over 25% upside with below market rents.Disclosure: Title shows only 2 legal units and total square footage reflects this. There are 4 non-conforming studios not showing on title that are approximately 250 sqft. each. Buyer to verify actual square footage and legality of units.
    Exterior Features

    Lot Size Units Square Feet Parking Features Assigned Parking YN Yes

    Interior Features

    Cooling None Cooling YN No Laundry Features See Remarks

    Property Features

    Cap Rate 6.00 Gross Multiplier 10.00 Gross Operating Income 66528.00 Improvements Amount 58261 Land Value 158910 Laundry YN Yes Net Operating Income 37592.00 Special Listing Conditions Standard Total Expenses 25610.00 Zoning Lar4

    Listing provided courtesy of Jason Flashman of Peak Commercial and Chase Simonton of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-21T00:34:12.42. 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. Licensed in the State of California, USA.
     
    Heller The Home Seller
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024