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1449 S Point View St

Los Angeles, CA 90035
  • $3,100,000
  • STATUS: Active
  • ON SITE: 10 Days
  • MLS #: 22-118367
UPDATED: 185 min ago
$3,100,000
  • 13
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,566
    SQFT
  • $410
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

Description

We are pleased to present a nine (9) unit apartment building located at 1449 South Point View Street in Los Angeles, California. The subject property is positioned in a prime Pico / Fairfax location, south of West Pico Boulevard and west of South Fairfax Avenue. Built in 1965, this property contains a great unit mix of five (5) one-bedroom / one-bathroom units and four (4) two-bedroom / two-bathroom units. All units are within a 7,566 square foot (SF) building. This building includes an on-site laundry common area, and nine (9) covered parking spaces within the carport and tuck-under in the back. The tenants pay for power, electric, and gas and the offering will be delivered with one (1) vacancy. Situated in a prime Pico / Fairfax location, this offering presents an excellent opportunity for any investor to capitalize leasing with over 58% rental upside potential, and adding value in a gentrifying market adjacent to Beverly Hills.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-23T23:42:24.28. 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.haciendagroupinc.com/homes/124725633
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1449 S Point View St Los Angeles, CA 90035

  • Price: $3,100,000
  • Status: Active
  • On Site: 10 Days
  • Updated: 185 min ago
  • MLS #: 22-118367
13
Beds
0
Baths
0
½ Baths
0.2
Acres
7,566
SQFT
$410
$/SQFT
1965
Built
Neighborhood:
Beverlywood Vicinity
County:
Los Angeles
Area:
Beverlywood Vicinity
Property Description
We are pleased to present a nine (9) unit apartment building located at 1449 South Point View Street in Los Angeles, California. The subject property is positioned in a prime Pico / Fairfax location, south of West Pico Boulevard and west of South Fairfax Avenue. Built in 1965, this property contains a great unit mix of five (5) one-bedroom / one-bathroom units and four (4) two-bedroom / two-bathroom units. All units are within a 7,566 square foot (SF) building. This building includes an on-site laundry common area, and nine (9) covered parking spaces within the carport and tuck-under in the back. The tenants pay for power, electric, and gas and the offering will be delivered with one (1) vacancy. Situated in a prime Pico / Fairfax location, this offering presents an excellent opportunity for any investor to capitalize leasing with over 58% rental upside potential, and adding value in a gentrifying market adjacent to Beverly Hills.
Exterior Features

Carport Spaces Total 6 Covered Parking 9 Cross Streets W Pico Blvd & S Fairfax Ave Levels Two Lot Description CurbsLandscapedLot Shape-RectangularSingle LotSidewalksFront Yard Lot Location City Lot Size Area 8503 Other Structures None Parking Garage CarportCovered ParkingGatedParking SpaceDrivewayCarport Detached Patio Features BalconyPorch - Front Paved YN Yes Pool Description None Pool YN No Spa None Spa YN No Tennis Court None Total Parking 9 View Description City View YN Yes

Interior Features

Baths Total 9.00 Common Walls Attached Cooking Appliances RangeOven Cooling Air Conditioning Equipment Built-InsDryerWasherRefrigeratorRange/Oven Flooring Wood Heating Wall Interior Features Common WallsBuilt-Ins Kitchen Features Ceramic Counters Laundry Laundry Area Laundry Equipment Own

Property Features

Alley YN No Assessed Total Value 410276 Gross Income 171398 Gross Operating Income 166976 Land Lease Type Fee Like Units1 5 Like Units2 4 Net Operating Income 98642.00 Number Of Buildings 1 Number Of Units 9 Property Condition Repair Cosmetic Sale Type Standard Security Features Gated Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityGas Total Annual Expense 68333 Type Of Units Market Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Jason Tuvia DRE#01772495 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-23T23:42:24.28. 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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Hacienda Agency Inc
77935 Calle Tampico # 201
La Quinta CA, 92253