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640 San Julian Street

Los Angeles (City), CA 90014
  • $1,795,000
  • STATUS: Active
  • ON SITE: 60 Days
  • ID#: SB21186825
$1,795,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1908
County:

School Ratings & Info

Description

Located in the heart of the Skid Row District of Downtown Los Angeles, this 29 unit apartment complex is a fantastic opportunity to own a housing community that can be either be profit driven via government subsidies/grants/Section 8 vouchers, or by a charitable organization / philanthropist, or a traditional investor. The interior set up consists of 21 rooms with common baths 7 rooms with a private Bathroom & Shower, and 1 room with an extra kitchen area. This brick construction asset has been maintained over the last century with upgrades and retrofit as required. Many rooms have been upgraded during the last 5 years. There is no parking on site - however adjacent parking lots are commonly available.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T00:26:01.947. 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/120758556
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640 San Julian Street Los Angeles (City), CA 90014

  • Price: $1,795,000
  • Status: Active
  • ID#: SB21186825
0
Beds
0
Baths
0
½ Baths
0.1
Acres
1908
Built
Neighborhood:
699 - Not Defined
County:
Los Angeles
Area:
699 - Not Defined
Property Description
Located in the heart of the Skid Row District of Downtown Los Angeles, this 29 unit apartment complex is a fantastic opportunity to own a housing community that can be either be profit driven via government subsidies/grants/Section 8 vouchers, or by a charitable organization / philanthropist, or a traditional investor. The interior set up consists of 21 rooms with common baths 7 rooms with a private Bathroom & Shower, and 1 room with an extra kitchen area. This brick construction asset has been maintained over the last century with upgrades and retrofit as required. Many rooms have been upgraded during the last 5 years. There is no parking on site - however adjacent parking lots are commonly available.
Exterior Features

Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 1 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cable Tv Expense 2500 Common Interest None Community Features Sidewalks Electric Expense 9548 Fuel Expense 1 Garage YN No Gross Income 242292 Gross Scheduled Income 242292 Insurance Expense 7550 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Maintenance Expense 14000 Net Operating Income 123433 New Construction YN No New Taxes Expense 23687 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 94630 Pest Control Expense 2000 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 2345 Tenant Pays None Trash Expense 3000 Vacancy Allowance 24229 Water Sewer Expense 6000 Water Source Public Zoning Lar5

Listing provided courtesy of David Holstein of The Holstein Group


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T00:26:01.947. 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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