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719 N Madison Ave

Los Angeles, CA 90029
  • $1,950,000
  • STATUS: Active
  • ON SITE: 53 Days
  • MLS #: 21-793234
UPDATED: 55 min ago
$1,950,000
  • 8
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,918
    SQFT
  • $498
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Description

I am pleased to offer the opportunity to acquire 719 North Madison Avenue, a seven-unit multifamily community located in the thriving Virgil Village neighborhood of Los Angeles. Virgil Village provides a unique edge and array of popular eateries and locally owned retail which makes this neighborhood one of the most sought-after markets in Los Angeles. The subject property is an appealing bungalow-style apartment community that has been well-maintained by current ownership. Constructed in 1924, the property consists of six one-bedrooms and one two-bedroom unit on a 6,398 square foot lot. The property is also located in an opportunity zone which is expected to draw significant capital into the market and drive rents and values.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-01T10:42:44.797. 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/122217772
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719 N Madison Ave Los Angeles, CA 90029

  • Price: $1,950,000
  • Status: Active
  • On Site: 53 Days
  • Updated: 55 min ago
  • MLS #: 21-793234
8
Beds
0
Baths
0
½ Baths
0.15
Acres
3,918
SQFT
$498
$/SQFT
1924
Built
Neighborhood:
Silver Lake - Echo Park
County:
Los Angeles
Area:
Silver Lake - Echo Park
Property Description
I am pleased to offer the opportunity to acquire 719 North Madison Avenue, a seven-unit multifamily community located in the thriving Virgil Village neighborhood of Los Angeles. Virgil Village provides a unique edge and array of popular eateries and locally owned retail which makes this neighborhood one of the most sought-after markets in Los Angeles. The subject property is an appealing bungalow-style apartment community that has been well-maintained by current ownership. Constructed in 1924, the property consists of six one-bedrooms and one two-bedroom unit on a 6,398 square foot lot. The property is also located in an opportunity zone which is expected to draw significant capital into the market and drive rents and values.
Exterior Features

Lot Size Area 6398 Other Structures None Parking Garage GarageUncovered Total Parking 7

Interior Features

Baths Total 7.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 1146639 Gross Income 132312 Gross Operating Income 128343 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 82973.00 Number Of Buildings 1 Number Of Units 7 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 45370 Type Of Units Residential Year Built Source Assessor Zoning Lard1.5

Listing provided courtesy of Sean Rosenzweig DRE#01406343 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-01T10:42:44.797. 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