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1462 S Central Ave

Los Angeles, CA 90021
  • $3,950,000
  • STATUS: Active
  • ON SITE: 56 Days
  • MLS #: 22-139377
UPDATED: 134 min ago
$3,950,000
  • 12
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,592
    SQFT
  • $341
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1908
County:

School Ratings & Info

Description

KW Commercial Beverly Hills is pleased to present this great 14-unit apartment building comprised of 12 Residential units and 2 Retail unit mix. The subject property is located in the historic Fashion District of Downtown Los Angeles. 10 of the units have been fully remodeled in the past couple of years including the kitchens, flooring, and bathrooms. Throughout the whole property some repairs and cosmetic upgrades have been made to the interior and exterior of the premises. The electric has also been rewired. 15 new individual electric meters have been installed and Retail units have 200 AMP electric panels. Cooling and heat are presented as a Gas heater and a wall unit A/C, and the landlord pays for gas, water, and trash. The area subject property is located is its most exciting feature! Downtown Los Angeles is one of the most famous cities in the world. It consists of well-known buildings such as the Los Angeles Convention Center, Crypto.com Arena (formally known as the Staples Center), and the Walt Disney Concert Hall. There are countless events, sports, dining options, and shopping opportunities to explore! Downtown also has many subsections including Chinatown, Little Tokyo, the Arts District, and the Fashion District. The Fashion District spans for 100 blocks in the heart of DTLA. It is the hub of the Los Angeles fashion industry, featuring more than 2,000 independently-owned retail and wholesale businesses with apparel, accessories and footwear. Please refer to document section for full access to Offering Memorandum and financials.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-20T23:43:00.543. 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/127094672
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1462 S Central Ave Los Angeles, CA 90021

  • Price: $3,950,000
  • Status: Active
  • On Site: 56 Days
  • Updated: 134 min ago
  • MLS #: 22-139377
12
Beds
0
Baths
0
½ Baths
0.13
Acres
11,592
SQFT
$341
$/SQFT
1908
Built
Neighborhood:
Downtown L.A.
County:
Los Angeles
Area:
Downtown L.A.
Property Description
KW Commercial Beverly Hills is pleased to present this great 14-unit apartment building comprised of 12 Residential units and 2 Retail unit mix. The subject property is located in the historic Fashion District of Downtown Los Angeles. 10 of the units have been fully remodeled in the past couple of years including the kitchens, flooring, and bathrooms. Throughout the whole property some repairs and cosmetic upgrades have been made to the interior and exterior of the premises. The electric has also been rewired. 15 new individual electric meters have been installed and Retail units have 200 AMP electric panels. Cooling and heat are presented as a Gas heater and a wall unit A/C, and the landlord pays for gas, water, and trash. The area subject property is located is its most exciting feature! Downtown Los Angeles is one of the most famous cities in the world. It consists of well-known buildings such as the Los Angeles Convention Center, Crypto.com Arena (formally known as the Staples Center), and the Walt Disney Concert Hall. There are countless events, sports, dining options, and shopping opportunities to explore! Downtown also has many subsections including Chinatown, Little Tokyo, the Arts District, and the Fashion District. The Fashion District spans for 100 blocks in the heart of DTLA. It is the hub of the Los Angeles fashion industry, featuring more than 2,000 independently-owned retail and wholesale businesses with apparel, accessories and footwear. Please refer to document section for full access to Offering Memorandum and financials.
Exterior Features

Cross Streets S Central Ave And Newton St Lot Size Area 5603 Other Structures None Parking Garage None Pool Description None Pool YN No Spa None Spa YN No Tennis Court None Tennis YN No Total Parking 0

Interior Features

Baths Total 14.00 Cooling Wall Unit(S) Equipment Ceiling Fan Heating Wall

Property Features

Amenities None Assessed Total Value 3956000 Gross Income 246256 Gross Operating Income 246256 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 151245.00 Number Of Buildings 1 Number Of Units 14 Owner Pays GasWaterOther Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 100260 Type Of Units Mixed Use Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lam2

Listing provided courtesy of Kevin Danialifar DRE#01904911 of Keller Williams Beverly Hills.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-20T23:43:00.543. 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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