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    1553 2nd Avenue

    Los Angeles, CA 90019
    • $2,099,000
    • STATUS: Active
    • ON SITE: 28 days
    • ID#: SR20135511
    UPDATED: 57 min ago
    $2,099,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,350
      SQFT
    • $331
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1936
    County:

    School Ratings & Info

    Description

    Synergy Investment Group, as Exclusive Agents, is pleased to provide the opportunity to acquire this charming 8-unit Multifamily asset in the highly sought after Mid-City 90019 zip code. The Property consists of eight (8) Large, Spacious 1-Bed + 1-Bath units each of which includes a Den which can function and is being used as a second Bedroom. Property also boasts of having on-site Garages that generate additional monthly income. Ideal as an Owner-User investment or perfect for any first-time and/or experienced Multifamily Investor looking to add a low maintenance building to their portfolio. Close proximity to the 10, 405, and 110 Freeways and centrally located with short driving distance to Downtown LA and Santa Monica. Nearby immediate cities include Hollywood, Downtown Los Angeles, Santa Monica, Universal Studios, and Inglewood to name a few. And with a sound, diverse demographic, the property is ideally located to nearby attractions such as Hollywood Bowl, Staples Center, SoFi Stadium, LA Memorial Coliseum, and other LA hot spots.

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    Based on information from CRISNet MLS as of 2020-08-08T20:56:03.737. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-08-08T20:56:03.737. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.corrieluxuryhomes.com/homes/107749244
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    1553 2nd Avenue Los Angeles, CA 90019

    • Price: $2,099,000
    • Status: Active
    • Updated: 57 min ago
    • ID#: SR20135511
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    6,350
    SQFT
    $331
    $/SQFT
    1936
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    Synergy Investment Group, as Exclusive Agents, is pleased to provide the opportunity to acquire this charming 8-unit Multifamily asset in the highly sought after Mid-City 90019 zip code. The Property consists of eight (8) Large, Spacious 1-Bed + 1-Bath units each of which includes a Den which can function and is being used as a second Bedroom. Property also boasts of having on-site Garages that generate additional monthly income. Ideal as an Owner-User investment or perfect for any first-time and/or experienced Multifamily Investor looking to add a low maintenance building to their portfolio. Close proximity to the 10, 405, and 110 Freeways and centrally located with short driving distance to Downtown LA and Santa Monica. Nearby immediate cities include Hollywood, Downtown Los Angeles, Santa Monica, Universal Studios, and Inglewood to name a few. And with a sound, diverse demographic, the property is ideally located to nearby attractions such as Hollywood Bowl, Staples Center, SoFi Stadium, LA Memorial Coliseum, and other LA hot spots.
    Exterior Features

    Levels Two Lot Features 6-10 Units/Acre Lot Size Area 7500.0000 Number Of Rented Garages 6 Parking Total 6.00

    Interior Features

    Common Walls 1 Common Wall Laundry Features Common Area Laundry YN Yes

    Property Features

    Additional Parcels YN No Community Features Sidewalks Garage Income 300.00 Gardener Expense 1200.00 Gross Income 152139.00 Gross Operating Income 126113.00 Gross Scheduled Income 152139.00 Insurance Expense 3513.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 200.00 Maintenance Expense 7550.00 Net Operating Income 84571.00 New Construction YN No New Taxes Expense 25016.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 7 Operating Expense 63076.00 Pest Control Expense 600.00 Pool Features None Pool Private YN No Professional Management Expense 7215.00 Property Attached YN Yes Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Expenses 63076.00 Trash Expense 4645.00 Water Sewer Expense 8900.00 Water Source Public Zoning Lac2

    Listing provided courtesy of Michael Elattrache, CA DRE# , of Synergy Investment Group.


    Based on information from CRISNet MLS as of 2020-08-08T20:56:03.737. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-08-08T20:56:03.737. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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