2975 Leeward Avenue

    Los Angeles (City), CA 90005
    • $7,050,000
    • STATUS: Pending
    • ON SITE: 166 days
    • ID#: 18405364
    Pending
    UPDATED: 23 min ago
    $7,050,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 28,112
      SQFT
    • $251
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1927
    County:

    School Ratings & Info

    Description

    CALL FOR OFFERS - Submit All Offers On or Before February 6th at 5 PM. The Leeward Apartments is a 48 unit apartment building that is currently operating as 46 units and situated in the Koreatown. The property contains a grand lobby as well as central hallways running down each of the four stories of the reinforced brick structure. An elevator as well as two staircases service the property. The certificate of occupancy from 1927 states that the property is a 48 unit apartment house although the property is currently operated as 46 units. 4 of the units, consisting of two efficiencies and the adjacent two studios, were combined to create two apartments that are both one-bedrooms (one is occupied by the on-site manager) and the property is currently operating as a 46 unit apartment building with 2 units being one-bedrooms with one-bathroom, 7 units efficiencies with a bathroom but no kitchen, and 37 studios with one-bathroom and a kitchen.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-23T17:41:24.693. 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/89240212

    2975 Leeward Avenue Los Angeles (City), CA 90005

    • Price: $7,050,000
    • Status: Pending
    • Updated: 23 min ago
    • ID#: 18405364
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    28,112
    SQFT
    $251
    $/SQFT
    1927
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    CALL FOR OFFERS - Submit All Offers On or Before February 6th at 5 PM. The Leeward Apartments is a 48 unit apartment building that is currently operating as 46 units and situated in the Koreatown. The property contains a grand lobby as well as central hallways running down each of the four stories of the reinforced brick structure. An elevator as well as two staircases service the property. The certificate of occupancy from 1927 states that the property is a 48 unit apartment house although the property is currently operated as 46 units. 4 of the units, consisting of two efficiencies and the adjacent two studios, were combined to create two apartments that are both one-bedrooms (one is occupied by the on-site manager) and the property is currently operating as a 46 unit apartment building with 2 units being one-bedrooms with one-bathroom, 7 units efficiencies with a bathroom but no kitchen, and 37 studios with one-bathroom and a kitchen.
    Exterior Features

    Lot Features Sprinklers None Lot Size Units Square Feet

    Interior Features

    Appliances None Appliances YN No Cooling None Cooling YN No Laundry Features None

    Property Features

    Cap Rate 3.91 Gross Multiplier 13.54 Gross Operating Income 516957.00 Improvements Amount 1832796 Land Value 1201045 Laundry YN No Net Operating Income 275608.00 Special Listing Conditions Standard Total Expenses 229621.00 Zoning Lar4

    Listing provided courtesy of Brent Sprenkle of Berkadia


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-23T17:41:24.693. 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