425 S Detroit Street

    Los Angeles (City), CA 90036
    • $9,395,000
    • STATUS: Active Under Contract
    • ON SITE: 119 days
    • MLS #: 18388298
    Under Contract
    UPDATED: 64 min ago
    $9,395,000
    • 24
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 20,272
      SQFT
    • $463
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Ratings & Info

    Description

    We are pleased to present an iconic 1920s 4-story apartment building in the historic Hancock Park/Fairfax District of LA, walking distance to the Grove. This outstanding trophy property is tucked against the celebrity saturated Access Hollywood stage, between Paramount Pictures and CBS Studios. With zero rent control restrictions, this 24 unit building is likely to enhance the returns of any investor for years to come. The beautifully remodeled units feature hardwood floors, ceramic tile, granite countertops, new windows, new appliances, & exposed brick both inside and out. Multi-million-dollar historic houses surround this showpiece with some of the city's most popular attractions only steps away; Los Angeles County Museum of Art, The Original Farmers Market, El Rey Theater, Melrose Trading Post, in addition to the historic heart of Hollywood itself.

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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 2019-01-18T06:36:50.387. 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/87742796

    425 S Detroit Street Los Angeles (City), CA 90036

    • Price: $9,395,000
    • Status: Active Under Contract
    • Updated: 64 min ago
    • MLS #: 18388298
    24
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    20,272
    SQFT
    $463
    $/SQFT
    1928
    Built
    Neighborhood:
    Beverly Center-Mirac
    County:
    Los Angeles
    Area:
    Beverly Center-Mirac
    Property Description
    We are pleased to present an iconic 1920s 4-story apartment building in the historic Hancock Park/Fairfax District of LA, walking distance to the Grove. This outstanding trophy property is tucked against the celebrity saturated Access Hollywood stage, between Paramount Pictures and CBS Studios. With zero rent control restrictions, this 24 unit building is likely to enhance the returns of any investor for years to come. The beautifully remodeled units feature hardwood floors, ceramic tile, granite countertops, new windows, new appliances, & exposed brick both inside and out. Multi-million-dollar historic houses surround this showpiece with some of the city's most popular attractions only steps away; Los Angeles County Museum of Art, The Original Farmers Market, El Rey Theater, Melrose Trading Post, in addition to the historic heart of Hollywood itself.
    Exterior Features

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

    Interior Features

    Avg Sq Ft Studio 0 Avg Sq Ft1 Bedroom 0 Avg Sq Ft2 Bedroom 0 Avg Sq Ft3 Bedroom 0 Bathrooms 24.00 Cooling Type Other Entry Level 0

    Property Features

    Act Total Rent 0.00 Adj Gross Income 521329.00 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 520064.00 Gross Schedule Inc 0.00 Lot Size Source (Other) MLS Claw Mls Monthly Gross Income 0.00 Net Operating Inc 375776.00 Number Of Buildings 1 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 163596.00 Total Taxes 0.00

    Listing information © 2019 California Desert Association of Realtors.
    Listing provided courtesy of Joshua Ross 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 2019-01-18T06:36:50.387. 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