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    1742-1744 Butler Ave

    Los Angeles, CA 90025
    • $9,675,000
    • STATUS: Active
    • ON SITE: 8 days
    • ID#: 20-610982
    UPDATED: 33 min ago
    $9,675,000
    • 32
      BEDS
    • 0.27
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 18,484
      SQFT
    • $523
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1997
    County:
    Area:

    School Ratings & Info

    Description

    Gross income, Cap Rate and GRM assumes that vacant Unit 206 (guest room) will be leased by Seller at $2,000/month. See Docs for Offering Memorandum. The unit-mix consists of 13 2bed+2bath units, two 3bed+3bathroom units, and one guest room unit. Some of the units have undergone an extensive renovation program in the past two years and feature new flooring throughout, new kitchen cabinets with black stainless-steel appliances including Samsung refrigerators, and updated bathrooms. The three-bedroom units are located on the third floor and feature higher ceilings and larger windows that let in more natural light. Secured tuck-under parking is provided on-site with 31 spaces comprised of 10 tandem and 11 single spaces. Units are separately metered for electricity and gas, and the landlord pays for water and trash. The property also includes a laundry room on each floor with one washer and dryer that are owned by the landlord.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-08-07T10:42:30.47. 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/108352234
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    1742-1744 Butler Ave Los Angeles, CA 90025

    • Price: $9,675,000
    • Status: Active
    • Updated: 33 min ago
    • ID#: 20-610982
    32
    Beds
    0
    Baths
    0
    ½ Baths
    0.27
    Acres
    18,484
    SQFT
    $523
    $/SQFT
    1997
    Built
    Neighborhood:
    West L.A.
    County:
    Los Angeles
    Area:
    West L.A.
    Property Description
    Gross income, Cap Rate and GRM assumes that vacant Unit 206 (guest room) will be leased by Seller at $2,000/month. See Docs for Offering Memorandum. The unit-mix consists of 13 2bed+2bath units, two 3bed+3bathroom units, and one guest room unit. Some of the units have undergone an extensive renovation program in the past two years and feature new flooring throughout, new kitchen cabinets with black stainless-steel appliances including Samsung refrigerators, and updated bathrooms. The three-bedroom units are located on the third floor and feature higher ceilings and larger windows that let in more natural light. Secured tuck-under parking is provided on-site with 31 spaces comprised of 10 tandem and 11 single spaces. Units are separately metered for electricity and gas, and the landlord pays for water and trash. The property also includes a laundry room on each floor with one washer and dryer that are owned by the landlord.
    Exterior Features

    Covered Parking 31 Direction Faces West Levels Multi/Split Lot Size Area 11656 Other Structures None Parking Garage Assigned Total Parking 31

    Interior Features

    Baths Total 31.00 Common Walls Attached Cooling Central Equipment None Heating Central Water Heater Features Gas

    Property Features

    Assessed Total Value 5425718 Gross Income 520488 Gross Operating Income 333364 Like Units1 13 Like Units2 2 Like Units3 1 Net Operating Income 333364.00 Number Of Buildings 1 Number Of Units 16 Sale Type Standard Security Features Gated Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 191724 Type Of Units Multifamily Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Josh Kaplan DRE#01934177 of Transwestern Property Company West, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-08-07T10:42:30.47. 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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