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1040 Beacon Ave

Los Angeles, CA 90015
  • $1,595,000
  • STATUS: Active
  • ON SITE: 32 Days
  • MLS #: 22-149251
Price Reduced
UPDATED: 42 min ago
$1,595,000
  • 18
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,236
    SQFT
  • $256
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1912
County:

School Ratings & Info

Description

Price Reduced 100k! 75% Vacant 4 Fixer Units and preliminary plans to add 3 ADUs sitting on a large 8,000 SF R-3 Lot with Alley Access. This is a great value, priced at only 292k/door for mostly vacant units with a huge upside to a 9.4% Cap Rate and 8.9 GRM after renovations and 10.3% Cap Rate and 8.3 GRM on the proforma. Individually metered for Gas & Electricity. Excellent location minutes from Koreatown, DTLA, Crypto.com Arena, and LA Live. Potential to build 1 Attached Studio ADU in the basement plus 2 detached 2-stories 1,005 SF 4 Bed 2 Bath ADUs in the back

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T15:43:13.483. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/127986118
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1040 Beacon Ave Los Angeles, CA 90015

  • Price: $1,595,000
  • Status: Active
  • On Site: 32 Days
  • Updated: 42 min ago
  • MLS #: 22-149251
18
Beds
0
Baths
0
½ Baths
0.18
Acres
6,236
SQFT
$256
$/SQFT
1912
Built
Neighborhood:
Downtown L.A.
County:
Los Angeles
Area:
Downtown L.A.
Property Description
Price Reduced 100k! 75% Vacant 4 Fixer Units and preliminary plans to add 3 ADUs sitting on a large 8,000 SF R-3 Lot with Alley Access. This is a great value, priced at only 292k/door for mostly vacant units with a huge upside to a 9.4% Cap Rate and 8.9 GRM after renovations and 10.3% Cap Rate and 8.3 GRM on the proforma. Individually metered for Gas & Electricity. Excellent location minutes from Koreatown, DTLA, Crypto.com Arena, and LA Live. Potential to build 1 Attached Studio ADU in the basement plus 2 detached 2-stories 1,005 SF 4 Bed 2 Bath ADUs in the back
Exterior Features

Direction Faces West Lot Size Area 8001 Other Structures None Parking Garage Uncovered Style Craftsman Total Parking 2 View Description City View YN Yes

Interior Features

Baths Total 11.00 Cooling None Equipment None Fireplace Rooms Kitchen Heating Wall Gas

Property Features

Assessed Total Value 424901 Gross Income 228840 Gross Operating Income 228840 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 192066.00 Number Of Buildings 1 Number Of Units 7 Sale Type Standard Source Living Area Owner Source Lot Size Area Vendor Enhanced Total Annual Expense 29909 Type Of Units 4 Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Armin Soleimani DRE#01846872 of Global Platinum Properties, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T15:43:13.483. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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