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    733 Bernard Street

    Los Angeles (City), CA 90012
    • $1,970,000
    • STATUS: Active
    • ON SITE: 140 days
    • ID#: SB20105954
    UPDATED: 63 min ago
    $1,970,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,754
      SQFT
    • $414
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1985
    County:

    School Ratings & Info

    Description

    All tenants are current on rent!Great opportunity to own a Non Rent Controlled, +G-85 Construction property at 733 Bernard St., Los Angeles. This Echo Park adjacent 6-Unit asset is located only one block away from Dodgers Stadium! Bernard St. has a very strong unit mix, being comprised of all 2-bedroom/2-bath units. There is plenty of tuck under parking on the property, enough space to fit over 10 cars. Units feature dishwashers and Central A/C & Heat, and copper plumbing. Rents are currently 31% below market, allowing for a proforma 6.26% Cap and 11.45 GRM. Property is separately metered for gas and electric. Do not miss out on a great opportunity to own a Non Rent Controlled, +GG85 Construction asset in Los Angeles.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-21T00:29:00.26. 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/106474413
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    733 Bernard Street Los Angeles (City), CA 90012

    • Price: $1,970,000
    • Status: Active
    • Updated: 63 min ago
    • ID#: SB20105954
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,754
    SQFT
    $414
    $/SQFT
    1985
    Built
    Neighborhood:
    Chna - Chinatown
    County:
    Los Angeles
    Area:
    Chna - Chinatown
    Property Description
    All tenants are current on rent!Great opportunity to own a Non Rent Controlled, +G-85 Construction property at 733 Bernard St., Los Angeles. This Echo Park adjacent 6-Unit asset is located only one block away from Dodgers Stadium! Bernard St. has a very strong unit mix, being comprised of all 2-bedroom/2-bath units. There is plenty of tuck under parking on the property, enough space to fit over 10 cars. Units feature dishwashers and Central A/C & Heat, and copper plumbing. Rents are currently 31% below market, allowing for a proforma 6.26% Cap and 11.45 GRM. Property is separately metered for gas and electric. Do not miss out on a great opportunity to own a Non Rent Controlled, +GG85 Construction asset in Los Angeles.
    Exterior Features

    Carport Spaces 10.00 Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 10.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Appliances Dishwasher Appliances YN Yes 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 Cooling Central Air Cooling YN Yes Heating CentralForced Air Heating YN Yes Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.83 Community Features CurbsStreet LightsUrban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 124332.00 Gross Multiplier 16.08 Gross Scheduled Income 124332.00 Insurance Expense 0.00 Land Lease YN No Laundry YN No Net Operating Income 76907.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 50916.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 43695.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Cameron Samimi of Lyon Stahl Investment Real Estate, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-21T00:29:00.26. 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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