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    2627 Brighton Avenue

    Los Angeles (City), CA 90018
    • $3,990,000
    • STATUS: Active
    • ON SITE: 85 days
    • ID#: SB20158198
    UPDATED: 28 min ago
    $3,990,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,084
      SQFT
    • $305
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    Price just reduced by $240,000!!! 2627 and 2631 Brighton Avenue is the perfect investment opportunity for today+GGs astute multifamily investor looking to invest in trendy and hip West Adams/Jefferson Park! The property features two buildings, both with nine units each. This investment features tremendous projected upside potential of 57% +/-! Three of the units have been turned by current ownership, leaving ample room for a value-add opportunity. The two buildings are situated on a large 14,198 square foot combined lot, and are made up of an attractive unit mix of 10 Two bedroom units and 8 One bedroom units. Units are very large, well laid out, and are all individually metered for gas and electricity. The property also features onsite laundry and ample parking for the tenant+GGs convenience. The grounds provide a quiet, pleasant courtyard for tenant+GGs enjoyment, and this dynamic neighborhood is ever changing - immersed with terrific amenities, shops, developments and dining!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-31T14:33:16.833. 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/108629241
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    2627 Brighton Avenue Los Angeles (City), CA 90018

    • Price: $3,990,000
    • Status: Active
    • Updated: 28 min ago
    • ID#: SB20158198
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    13,084
    SQFT
    $305
    $/SQFT
    1963
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    Price just reduced by $240,000!!! 2627 and 2631 Brighton Avenue is the perfect investment opportunity for today+GGs astute multifamily investor looking to invest in trendy and hip West Adams/Jefferson Park! The property features two buildings, both with nine units each. This investment features tremendous projected upside potential of 57% +/-! Three of the units have been turned by current ownership, leaving ample room for a value-add opportunity. The two buildings are situated on a large 14,198 square foot combined lot, and are made up of an attractive unit mix of 10 Two bedroom units and 8 One bedroom units. Units are very large, well laid out, and are all individually metered for gas and electricity. The property also features onsite laundry and ample parking for the tenant+GGs convenience. The grounds provide a quiet, pleasant courtyard for tenant+GGs enjoyment, and this dynamic neighborhood is ever changing - immersed with terrific amenities, shops, developments and dining!
    Exterior Features

    Garage Spaces 0.00 Lot Features LandscapedLevel With Street Lot Size Source Assessor Lot Size Units Square Feet Parking Total 22.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Common Area Levels Two

    Property Features

    Additional Parcels Description 5053028035 Additional Parcels YN Yes Building Area Units Square Feet Cap Rate 4.16 Community Features SidewalksStreet LightsUrban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 276768.00 Gross Multiplier 14.42 Gross Scheduled Income 276768.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 165804.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 19 Number Of Separate Gas Meters 19 Number Of Separate Water Meters 1 Operating Expense 109213.00 Other Expense 109213.00 Other Expense Description Contact Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 109213.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Public Records Zoning Lard1.5

    Listing provided courtesy of Josh Cohen of Keller Williams Beach Cities


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-31T14:33:16.833. 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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