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1727 Bellevue Ave

Los Angeles, CA 90026
  • $1,082,000
  • STATUS: Active Under Contract
  • ON SITE: 79 Days
  • MLS #: 21-768754
Under Contract
UPDATED: 5 min ago
$1,082,000
  • 6
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,343
    SQFT
  • $324
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1917
County:

School Ratings & Info

Description

Court Confirmation is set on November 24, 2021 at 8:30 A.M. at 111 N. Hill Street, Los Angeles, CA 90012, in Department 5. The minimum overbid shall be $1,082,000.00. All overbidders must bring a cashier's check for 10% of the total purchase price made payable to "Estate of Venacio Silvestre", entity documents, as well as proof of funds. Welcome to 1727 Bellevue Avenue! A truly incredible investment opportunity to own a 6 unit apartment complex situated in Echo Park. Stunning views of DTLA. The property is comprised of five separate structures. Below market rents and potential renovations provide prospective buyers with plenty of value add opportunities to realize market rents and a high stabilized yield. Two of the units have been fully remodeled. Garage is presently occupied by illegal occupants, who do not pay rent.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-23T09:42:38.13. 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/120030539
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1727 Bellevue Ave Los Angeles, CA 90026

  • Price: $1,082,000
  • Status: Active Under Contract
  • Updated: 5 min ago
  • MLS #: 21-768754
6
Beds
0
Baths
0
½ Baths
0.13
Acres
3,343
SQFT
$324
$/SQFT
1917
Built
Neighborhood:
Silver Lake - Echo Park
County:
Los Angeles
Area:
Silver Lake - Echo Park
Property Description
Court Confirmation is set on November 24, 2021 at 8:30 A.M. at 111 N. Hill Street, Los Angeles, CA 90012, in Department 5. The minimum overbid shall be $1,082,000.00. All overbidders must bring a cashier's check for 10% of the total purchase price made payable to "Estate of Venacio Silvestre", entity documents, as well as proof of funds. Welcome to 1727 Bellevue Avenue! A truly incredible investment opportunity to own a 6 unit apartment complex situated in Echo Park. Stunning views of DTLA. The property is comprised of five separate structures. Below market rents and potential renovations provide prospective buyers with plenty of value add opportunities to realize market rents and a high stabilized yield. Two of the units have been fully remodeled. Garage is presently occupied by illegal occupants, who do not pay rent.
Exterior Features

Lot Size Area 5610 Other Structures None Parking Garage Garage - 2 CarDetached Total Parking 0

Interior Features

Baths Total 10.00 Cooling Other Equipment Other Flooring CarpetLaminate Heating Other

Property Features

Assessed Total Value 769661 Gross Income 77427 Gross Operating Income 77427 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 60413.00 Number Of Buildings 5 Number Of Units 6 Sale Type Probate Listing Source Living Area Title Company Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 17014 Type Of Units 6 Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Andrew Brody DRE#01776328 of Meridian Capital Real Estate.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-23T09:42:38.13. 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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