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    2434 W Avenue 32

    Los Angeles (City), CA 90065
    • $4,350,000
    • STATUS: Active
    • ON SITE: 189 days
    • ID#: 20571732
    UPDATED: 36 min ago
    $4,350,000
    • 0
      BEDS
    • 0.88
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    Description

    2434 W Avenue 32 is located in the rapidly growing Northeast LA neighborhood of Glassell Park and is adjacent to the new LA River Restoration project. The offering consists of (8) detached bungalow units; (3) 2+1s, (5) 1 +1s, and a 2,990 sqft SFR (8 Bed 4 Bath) perched on top of a 38,507 sqft lot. The SFR will be delivered VACANT. These units have been FULLY RENOVATED and include garages, private yards, washer/dryer in-unit, and abundant on-site surface parking. The top house has unrivaled 180 panoramic views of the LA River and Mt. Washington. Property is offered at a 5.25% CAP rate and 13.79 GRM. There is potential to add TWO ADUs to this property (Buyer to verify). Additionally, a Buyer has the potential to convert these rental units into "For Sale" product (TIC Conversion). Marketing Package & Setup Sheet located in "DOCS" section of listing.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-24T12:28:42.19. 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 Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/105127359
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    2434 W Avenue 32 Los Angeles (City), CA 90065

    • Price: $4,350,000
    • Status: Active
    • Updated: 36 min ago
    • ID#: 20571732
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.88
    Acres
    1956
    Built
    Neighborhood:
    623 - Glassel Park
    County:
    Los Angeles
    Area:
    623 - Glassel Park
    Property Description
    2434 W Avenue 32 is located in the rapidly growing Northeast LA neighborhood of Glassell Park and is adjacent to the new LA River Restoration project. The offering consists of (8) detached bungalow units; (3) 2+1s, (5) 1 +1s, and a 2,990 sqft SFR (8 Bed 4 Bath) perched on top of a 38,507 sqft lot. The SFR will be delivered VACANT. These units have been FULLY RENOVATED and include garages, private yards, washer/dryer in-unit, and abundant on-site surface parking. The top house has unrivaled 180 panoramic views of the LA River and Mt. Washington. Property is offered at a 5.25% CAP rate and 13.79 GRM. There is potential to add TWO ADUs to this property (Buyer to verify). Additionally, a Buyer has the potential to convert these rental units into "For Sale" product (TIC Conversion). Marketing Package & Setup Sheet located in "DOCS" section of listing.
    Exterior Features

    Architectural Style Bungalow Carport Spaces 5.00 Garage Spaces 4.00 Lot Features Yard Lot Size Dimensions 94X409 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Attached CarportDrivewayGarageGuest Parking Total 9.00 Parking YN Yes View BluffCanyonCity LightsHillsMountain(S) View YN Yes

    Interior Features

    Appliances DishwasherDisposalMicrowaveRefrigerator Appliances YN Yes Flooring Wood Heating Wall Furnace Heating YN Yes

    Property Features

    Additional Parcels YN No Country Us Gross Income 313668.00 Gross Multiplier 13.79 Gross Operating Income 304258.00 Lot Dimensions Source Assessor Net Operating Income 227181.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 9 Number Of Units Leased 8 Number With Dishwasher 9 Number With Disposal 9 Number With Patio 7 Number With Range 9 Number With Refrigerator 9 Property Condition Updated/Remodeled Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 77077.00 Zoning Lar2

    Listing provided courtesy of Andrew Wilkey of Sobhan Moshrefi


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-24T12:28:42.19. 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 Keller Williams Realty. Licensed in the State of California, USA.

     
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