Excellent investment opportunity located in LA's Elysian Park in the Historic Solano Canyon neighborhood. Centrally located right in the heart of the city, on the cusp of Echo Park, and so many of the landmarks that Los Angeles offers, including Dodger Stadium, Downtown, Chinatown, the LA River, Los Angeles State Historic Park, Radio Hill Gardens, Elysian Park, along with so many walking trails, public spaces, and viewpoints... too many to list here! 1978-construction, 6-car garage parking. 3-bedroom 2-bathroom two-story unit in the front, and 4 x 2-bedroom 1-bathroom units in the rear, above the garages. Ample parking for all units, plus driveway space. Newer-style construction for the neighborhood. Pride of ownership property, with great long-term tenants and ease of management for a new owner.
Property Sub Type:
Apartment
Property Attached:
No
Lot Area:
5,837 sq. ft.542 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1978
(Age: 48)
General Listing Location:
Los Angeles, C23 - Metropolitan
County Or Parish:
Los Angeles
Common Interest:
Community Apartment
Gross Income:
$85,016
Gross Scheduled Income:
$83,976
Net Operating Income:
$38,722
Rent Control:
Yes
Total Actual Rent:
$6,998
Land Lease:
No
Cable TV Expense:
$0
Electric Expense:
$0
Fuel Expense:
$2,954
Furniture Replacement Expense:
$0
Gardener expense:
585.0
Insurance Expense:
$3,554
Maintenance Expense:
$6,587
Taxes expense:
12500.0
Operating Expense:
$45,254
Other Expense:
$2,209
Pest control expense:
$0
Pool expense:
$0
Professional Management Expense:
$5,878
Supplies Expense:
$60
Trash Expense:
$7,169
Water and Sewer Expense:
$3,758
Workmans Compensation Expense:
$0
Tax Lot:
21
110 N to Solano
View:
None
Number of Buildings:
1
# of Electric Meters:
5
# of Gas Meters:
5
# of Water Meters:
1
# Units Leased:
5
Community Features:
Street Lights, Sidewalks, Park
Senior Community:
No
Laundry Features:
Common Area
Pool Features:
None
Private Pool:
No
Spa Features:
None
Lot Features:
Near Park, Near Public Transit, Rectangular Lot, Sloped Up