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152 N Vendome Street

Los Angeles (City), CA 90026
  • $1,700,000
  • STATUS: Active
  • ON SITE: 16 Days
  • MLS #: SR23170746
UPDATED: 13 min ago
$1,700,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Listing Agent(s): Akash Saini of Keller Williams Realty-Studio City (818-432-1500)


Description

KW Commercial is pleased to offer a nine-unit apartment building for sale addressed 3020 Council St. / 152 North Vendome St. Subject property has a unit mix of 7 (1+1), 1 guest room, and one non-conforming single in which the owner is in the process of legalizing. Building has a total living square footage of 5,402 situated on a corner lot of 6,001 square feet. Property is located adjacent to the trendy Rampart Village neighborhood. Rents are considerably low due to no rent increases for a long while. As a result, there is up to 38% upside potential. The tenants are a great asset which is another addition to this investment opportunity. They are all current, and there has been no difficulty collecting rents during the covid period. You are suggested to drive by to look at the building and the surrounding area. If you have any questions, please do not hesitate to contact us.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T19:37:33.58. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/143325389
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152 N Vendome Street Los Angeles (City), CA 90026

  • Price: $1,700,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 13 min ago
  • MLS #: SR23170746
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1963
Built
Neighborhood:
C21 - Silver Lake - Echo Park
County:
Los Angeles
Area:
C21 - Silver Lake - Echo Park
Property Description
KW Commercial is pleased to offer a nine-unit apartment building for sale addressed 3020 Council St. / 152 North Vendome St. Subject property has a unit mix of 7 (1+1), 1 guest room, and one non-conforming single in which the owner is in the process of legalizing. Building has a total living square footage of 5,402 situated on a corner lot of 6,001 square feet. Property is located adjacent to the trendy Rampart Village neighborhood. Rents are considerably low due to no rent increases for a long while. As a result, there is up to 38% upside potential. The tenants are a great asset which is another addition to this investment opportunity. They are all current, and there has been no difficulty collecting rents during the covid period. You are suggested to drive by to look at the building and the surrounding area. If you have any questions, please do not hesitate to contact us.
Exterior Features

Entry Level 2 Entry Location 1 Lot Features 6-10 Units/AcreCorner Lot Number Of Separate Electric Meters 9 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features Street Lights Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 124411 Gross Scheduled Income 124411 Insurance Expense 2430 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 80229 New Construction YN No Number Of Separate Gas Meters 9 Number Of Separate Water Meters 9 Number Of Units Leased 9 Operating Expense 41694 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 10367.6 Trash Expense 0 Vacancy Allowance 2488 Water Sewer Expense 0 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T19:37:33.58. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Akash Saini of Keller Williams Realty-Studio City (818-432-1500)