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    846 Alandele Ave

    Los Angeles, CA 90036
    • $2,100,000
    • STATUS: Active
    • ON SITE: 51 days
    • MLS #: 21-766644
    $2,100,000
    • 8
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,384
      SQFT
    • $479
      $/SQFT
    Type:
    Multi-Family
    Built:
    1950
    County:

    School Ratings & Info

    Description

    846 Alandele Ave is a 4-unit apartment building in the Miracle Mile neighborhood of Los Angeles, CA. Built in 1950, the two-story property is comprised of four (4) two-bedroom, one- bathroom units. The property offers parking and an on-site laundry facility. The units are individually metered for gas and electricity. This property provides a clear path for an investor to execute their business plan and add value to the property. Walking Score - 84 Less than a mile aways from The Shops at San Vicente, La Brea Tar Pits Sits between the Orange and Red Metro Line. Any upcoming or recent developments 846 Alandele is a mid-century style 4-unit apartment building which consists of four (4) two-bedroom one-bathroom units. This two-story apartment was built in 1950 and includes garage parking for each tenant. The property features four (4) covered parking spaces and an on-site laundry facility owned by the landlord. This area is the premier location for long term rental growth assets. A long-term high-end market, the Miracle Mile area has become the epicenter for families and professionals in Los Angeles. Investors are flocking to Miracle Mile as average rents are pushing $3,000/month and as population growth projected as steady increases for years to come, this is a seize the moment opportunity for any strong investor looking to secure property in one of LAs best submarkets. Its prime location and abundant local hot spots being but a brief walk away, all residents and working professionals obtain quick commute times in a city plagued with standstill traffic- making an abundance of renters readily available. As Miracle Mile and the surrounding areas on Wilshire Blvd continue their population and economic growth, demand will only increase to reside in one of the most growth-oriented Los Angeles submarkets.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-18T23:42:41.19. 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/119835056
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    846 Alandele Ave Los Angeles, CA 90036

    • Price: $2,100,000
    • Status: Active
    • MLS #: 21-766644
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,384
    SQFT
    $479
    $/SQFT
    1950
    Built
    Neighborhood:
    Beverly Center-Miracle Mile
    County:
    Los Angeles
    Area:
    Beverly Center-Miracle Mile
    Property Description
    846 Alandele Ave is a 4-unit apartment building in the Miracle Mile neighborhood of Los Angeles, CA. Built in 1950, the two-story property is comprised of four (4) two-bedroom, one- bathroom units. The property offers parking and an on-site laundry facility. The units are individually metered for gas and electricity. This property provides a clear path for an investor to execute their business plan and add value to the property. Walking Score - 84 Less than a mile aways from The Shops at San Vicente, La Brea Tar Pits Sits between the Orange and Red Metro Line. Any upcoming or recent developments 846 Alandele is a mid-century style 4-unit apartment building which consists of four (4) two-bedroom one-bathroom units. This two-story apartment was built in 1950 and includes garage parking for each tenant. The property features four (4) covered parking spaces and an on-site laundry facility owned by the landlord. This area is the premier location for long term rental growth assets. A long-term high-end market, the Miracle Mile area has become the epicenter for families and professionals in Los Angeles. Investors are flocking to Miracle Mile as average rents are pushing $3,000/month and as population growth projected as steady increases for years to come, this is a seize the moment opportunity for any strong investor looking to secure property in one of LAs best submarkets. Its prime location and abundant local hot spots being but a brief walk away, all residents and working professionals obtain quick commute times in a city plagued with standstill traffic- making an abundance of renters readily available. As Miracle Mile and the surrounding areas on Wilshire Blvd continue their population and economic growth, demand will only increase to reside in one of the most growth-oriented Los Angeles submarkets.
    Exterior Features

    Garage Structures Total 1 Lot Description Back Yard Lot Size Area 6129 Other Structures Accessory Bldgs Parking Garage Covered Parking Total Parking 4

    Interior Features

    Baths Total 4.00 Common Walls Attached Cooling Central Equipment MicrowaveDishwasher Flooring Mixed Heating Central

    Property Features

    Assessed Total Value 144994 Gross Income 105074 Gross Operating Income 105074 Like Units1 4 Net Operating Income 71318.00 Number Of Buildings 1 Number Of Units 4 Rent Control YN Yes Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays GasElectricityTrash Collection Total Annual Expense 36004 Type Of Units Standard Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of John Wright DRE# of Matthews Real Estate Investment Services.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-18T23:42:41.19. 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