Property listed by Brightstone Estate Properties, Orlando Cruz 818-430-4210
$1,797,000
7 unit apartment building located in the heart of the Sawtelle neighborhood of West Los Angeles with easy access to freeways, UCLA and Santa Monica College. Fully rented with quality tenants. Building was originally built as a duplex in the 1940s, then upgraded to a 5 units in the 1960s… Read More and converted to a 7 unit building in 2023. Great unit mix with 9 tandem parking spaces, laundry room on site. Low maintenance and upgraded in 2014 to conform with the City of Los Angeles soft story earthquake retrofit standards. There is an existing five year $900K mortgage at approximately 3% APR assumable subject to lender fees and qualifications and is fixed through September 2026. Please do not walk onto the property or disturb occupants. Showings on accepted offer only. Please call management office for information, BUT please download and read Offering Memorandum attached in the supplemental information area of listing before asking for it again. Buyer to cooperate with Seller's 1031 exchange. Read Less
Listing Snapshot
Days Online
51
Last Updated
Property Type
MixedUse
Lot Size
0.1 Acres
Year Built
1942
MLS Number
SR26005632
Additional Details
Building
Built in 1942, 1 building, 2 stories, Levels: Two, Entry level: 1, Entry location: 1
Community
Sidewalks
Cooling
WallWindowUnits
Expenses
Operating: $53,858
Fireplaces
None
Home Owner's Association
Association Fee: $0
Income
Gross Income: $163,696, Gross ScheduledIncome: $163,696, Net Operating Income: $109,838
Laundry
CommonArea
Lot
0.1012 acres, ZeroToOneUnitAcre
Parking
3 carport spaces, 6 open parking spaces, 9 total parking spaces
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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