2203 4th Avenue

    Los Angeles (City), CA 90018
    • $2,300,000
    • STATUS: Active Under Contract
    • ON SITE: 69 days
    • MLS #: 18407534
    Under Contract
    UPDATED: 164 min ago
    $2,300,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,104
      SQFT
    • $284
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1938
    County:

    School Ratings & Info

    Description

    I am pleased to offer for sale an eight-unit apartment community located at 2203 4th Avenue. Located between Washington Boulevard and Adams Boulevard, the subject property is situated in the historic West Adams District. The offering presents an investor a truly unique opportunity to acquire a nearly vacant building in a rapidly gentrifying sub-market.The property consists of two buildings totaling 8,104 square feet on a 14,006 square foot parcel. The unit mix is comprised of four one-bedrooms and four two-bedrooms that will have seven out of eight units vacant at close of escrow. Due to its 1938 construction, the property is subject to Los Angeles rent control statutes.

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    ©2019 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hacienda Group Inc. Based on information from the California Desert Association of Realtors as of 2019-01-22T23:36:05.917. 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 of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
    www.haciendagroupinc.com/homes/89412289

    2203 4th Avenue Los Angeles (City), CA 90018

    • Price: $2,300,000
    • Status: Active Under Contract
    • Updated: 164 min ago
    • MLS #: 18407534
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    8,104
    SQFT
    $284
    $/SQFT
    1938
    Built
    Neighborhood:
    Mid Los Angeles
    County:
    Los Angeles
    Area:
    Mid Los Angeles
    Property Description
    I am pleased to offer for sale an eight-unit apartment community located at 2203 4th Avenue. Located between Washington Boulevard and Adams Boulevard, the subject property is situated in the historic West Adams District. The offering presents an investor a truly unique opportunity to acquire a nearly vacant building in a rapidly gentrifying sub-market.The property consists of two buildings totaling 8,104 square feet on a 14,006 square foot parcel. The unit mix is comprised of four one-bedrooms and four two-bedrooms that will have seven out of eight units vacant at close of escrow. Due to its 1938 construction, the property is subject to Los Angeles rent control statutes.
    Exterior Features

    Carport Or Covered Spaces 0 Pool No Total Other Spaces 0 Total Parking Spaces 10

    Interior Features

    Avg Sq Ft Studio 0 Avg Sq Ft1 Bedroom 0 Avg Sq Ft2 Bedroom 0 Avg Sq Ft3 Bedroom 0 Bathrooms 0.00 Cooling Type Other Entry Level 0 Heating Type Other

    Property Features

    Act Total Rent 0.00 Adj Gross Income 203520.00 Annual Gross Rent 0.00 Annual Land Lease Amount 0.00 Disclosures Property As Is Green Year Certified 0 Gross Annual Income 0.00 Gross Operating Inc 204720.00 Gross Schedule Inc 0.00 Lot Size Source (Assessor) MLS Claw Mls Monthly Gross Income 0.00 Net Operating Inc 139848.00 Number Of Buildings 4 Operating Expenses 0.00 Property Subtype Residential Income Realtor Association Palm Springs Assocation Of Realtors Sale Type Standard Sale Square Footage Source Other Tax Rate 0.00 Total Annual Op Exp 58766.00 Total Taxes 0.00

    Listing information © 2019 California Desert Association of Realtors.
    Listing provided courtesy of Sean Rosenzweig of Marcus & Millichap.
    ©2019 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hacienda Group Inc. Based on information from the California Desert Association of Realtors as of 2019-01-22T23:36:05.917. 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 of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
     
    Hacienda Group Inc
    77935 Calle Tampico # 201
    La Quinta CA, 92253