244 S Avenue 18

    Los Angeles (City), CA 90031
    • $4,600,000
    • STATUS: Active
    • ON SITE: 120 days
    • ID#: 19491230
    UPDATED: 52 min ago
    $4,600,000
    • 24
      BEDS
    • 0.23
      ACRES
    • 18
      BATHS
    • 0
      1/2 BATHS
    • 11,958
      SQFT
    • $385
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2016
    County:

    School Ratings & Info

    Description

    BRAND NEW Apartment built-in 2016. EACH UNIT IS NEARLY 2,000sf LIVING SPACE. ALL 6 UNITS ARE 4 BEDROOMS AND 3 BATHROOMS EACH.THIS IS BRAND NEW CONSTRUCTION, LOW MAINTENANCE, CASH COW!!! BRING YOUR 1031 EXCHANGE HERE!! RIGHT NOW!! THERE IS NOTHING LIKE THIS IN THIS UP & COMING NEIGHBORHOOD. The upstairs features the bedrooms and the lower level features a wide-open floor plan of the living room and kitchen areas. Large windows throughout will allow natural light all day. PERK FOR EACH UNIT(THEIR OWN LAUNDRY), and fully equipped with kitchen appliances. Gorgeous hardwood flooring on the lower level with carpeted bedrooms. EVERYTHING IS BRAND NEW! GREAT CITY VIEWS!! Situated in the hip and trendy area of Lincoln Heights, on Ave.18, right off Broadway. Close to the 110, 101 and 5 freeways. Great for roommates, great for students looking for off-campus housing. Low Maintenance Cost. Easy to Manage!! JUST NORTH OF DTLA. CORPORATE RENTAL IS HUGH MARKET!! DON'T MISS THIS OPPORTUNITY!!!

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    Based on information from CARETS as of 2019-11-18T17:46:36.177. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.rosalietherealtor.com/homes/97121879

    244 S Avenue 18 Los Angeles (City), CA 90031

    • Price: $4,600,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: 19491230
    24
    Beds
    18
    Baths
    0
    ½ Baths
    0.23
    Acres
    11,958
    SQFT
    $385
    $/SQFT
    2016
    Built
    Neighborhood:
    Lincoln Heights (677)
    County:
    Los Angeles
    Area:
    Lincoln Heights (677)
    Property Description
    BRAND NEW Apartment built-in 2016. EACH UNIT IS NEARLY 2,000sf LIVING SPACE. ALL 6 UNITS ARE 4 BEDROOMS AND 3 BATHROOMS EACH.THIS IS BRAND NEW CONSTRUCTION, LOW MAINTENANCE, CASH COW!!! BRING YOUR 1031 EXCHANGE HERE!! RIGHT NOW!! THERE IS NOTHING LIKE THIS IN THIS UP & COMING NEIGHBORHOOD. The upstairs features the bedrooms and the lower level features a wide-open floor plan of the living room and kitchen areas. Large windows throughout will allow natural light all day. PERK FOR EACH UNIT(THEIR OWN LAUNDRY), and fully equipped with kitchen appliances. Gorgeous hardwood flooring on the lower level with carpeted bedrooms. EVERYTHING IS BRAND NEW! GREAT CITY VIEWS!! Situated in the hip and trendy area of Lincoln Heights, on Ave.18, right off Broadway. Close to the 110, 101 and 5 freeways. Great for roommates, great for students looking for off-campus housing. Low Maintenance Cost. Easy to Manage!! JUST NORTH OF DTLA. CORPORATE RENTAL IS HUGH MARKET!! DON'T MISS THIS OPPORTUNITY!!!
    Exterior Features

    Parking Spaces Total 12 Parking Type Assigned

    Interior Features

    Appliances DishwasherDryerGarbage DisposalRefrigeratorWasher Cooking Appliances Range Cooling Type Central A/C Heating Type Central Furnace Total Floors 3 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Furnished Unit Furnished04 Furnished Unit Furnished05 Furnished Unit Furnished06 Furnished Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 3.0 Unit Number Of Bath02 3.0 Unit Number Of Bath03 3.0 Unit Number Of Bath04 3.0 Unit Number Of Bath05 3.0 Unit Number Of Bath06 3.0 Unit Number Of Bed01 4 Unit Number Of Bed02 4 Unit Number Of Bed03 4 Unit Number Of Bed04 4 Unit Number Of Bed05 4 Unit Number Of Bed06 4

    Property Features

    Adjusted Gross Income 189000.00 Assessed Improvement Value 1512210.00 Assessed Land Value 308761.00 Cap Rate 4.10 Country United States Of America Expense Total Annual 81000.00 Gross Operating Income 270000.00 Gross Rent Multiplier 17.00 Hoa YN N Land Lease Type Fee Legal Disclosures Take Property As Is Lot Size Source Vendor Enhanced Net Operating Income 189000.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 3750.00 Unit Monthly Rent02 3750.00 Unit Monthly Rent03 3750.00 Unit Monthly Rent04 3750.00 Unit Monthly Rent05 3750.00 Unit Monthly Rent06 3750.00 Unit Projected Total Monthly Rent01 4000.00 Unit Projected Total Monthly Rent02 4000.00 Unit Projected Total Monthly Rent03 4000.00 Unit Projected Total Monthly Rent04 4000.00 Unit Projected Total Monthly Rent05 4000.00 Unit Projected Total Monthly Rent06 4000.00 Unit Total Monthly Rent01 3750.00 Unit Total Monthly Rent02 3750.00 Unit Total Monthly Rent03 3750.00 Unit Total Monthly Rent04 3750.00 Unit Total Monthly Rent05 3750.00 Unit Total Monthly Rent06 3750.00 Unit Type01 1 Unit Type02 1 Unit Type03 1 Unit Type04 1 Unit Type05 1 Units Total In Complex 6 Zoning Lard1.5

    Listing provided courtesy of Max Lee DRE#01905008 of Dream Realty Asset Mgt, Inc. and Bruce Lee CA DRE# 02032112 of Dream Realty Asset Mgt, Inc..


    Based on information from CARETS as of 2019-11-18T17:46:36.177. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    The Agency
    331 N Foothill Rd, #100
    Beverly Hills CA, 90210