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316 N Bixel Street
C21 - Silver Lake - Echo Park Los Angeles 90026

$1,750,000
Residential Income baths: 0.0 built: 1910

Main Photo: 316 N Bixel Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 21107301
Photo 1: 316 N Bixel Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 21107301
Photo 2: 316 N Bixel Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 21107301
Photo 3: 316 N Bixel Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 21107301
Photo 4: 316 N Bixel Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 21107301
Photo 5: 316 N Bixel Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 21107301
Photo 6: 316 N Bixel Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 21107301
Photo 7: 316 N Bixel Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 21107301
Photo 8: 316 N Bixel Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 21107301
Photo 9: 316 N Bixel Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 21107301
Photo 10: 316 N Bixel Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 21107301
Photo 11: 316 N Bixel Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 21107301
Photo 12: 316 N Bixel Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 21107301
Photo 13: 316 N Bixel Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 21107301
Photo 14: 316 N Bixel Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 21107301
Photo 15: 316 N Bixel Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 21107301
Photo 16: 316 N Bixel Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 21107301
Photo 17: 316 N Bixel Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 21107301
Photo 18: 316 N Bixel Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 21107301
Status:
Active
Prop. Type:
Residential Income
MLS® Num:
21107301
Year Built:
1910
This is an excellent opportunity to purchase a renovated, 8-unit multifamily asset adjacent to Downtown Los Angeles at the intersection of Historic Filipinotown, Echo Park and City West.The classic, two-story property features a well-maintained woodframe and stucco building with vintage, character architecture. The property includes a mix of one-bedroom and studio units. Six of the eight units have been fully remodeled and are achieving strong rents. The two unrenovated units are well below the current market rent and will allow for steady increases or a large increase in income when those units vacate. As an investment, the property is offered at an attractive going-in Cap Rate with over 25% remaining upside. The property was recently repainted with character accents throughout. The common area floors and light fixtures were all upgraded while preserving the character of the Property. The six renovated units feature newer, modern flooring, new paint, fully remodeled kitchens and bathrooms, and upgraded electrical. The property also features a spacious upstairs, outdoor terrace available to the tenants for their use. The property is separately metered for gas and electric and master metered for water. There are individual water heaters for each apartment, and there is also coin-operated laundry on-site. There is no on-site parking so the tenants utilize street parking.
Lot Area:
3,276 sq. ft.
Bathrooms:
0.0 (Full:-, Half:-)
Year built:
1910 (Age: 111)
General Listing Location:
1910 (Age: 111)
County Or Parish:
Los Angeles
Gross Income:
118213.0
Net Operating Income:
72926.0
Rent Control:
Yes
Total Actual Rent:
118213.0
Association Fee:
0.0
Vacancy Allowance Rate:
0.0
North of Court Street, south of Temple Street, east of Glendale Blvd and west of Beaudry Avenue.
Appliances:
Disposal, Microwave, Refrigerator
Number of Buildings:
1
Senior Community:
No
Interior Features:
Ceiling Fan(s)
Num Stories:
2
New Constr.:
No
# Units:
8
Total Parking Spaces:
0
Parking Features:
None
Special Listing Conditions:
Standard
Parcel Number:
5160021022
Zoning:
LACW
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Listed by Kidder Mathews of California, Inc.
Data was last updated December 7, 2021 at 04:40 PM (UTC)