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Listing Details

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School Ratings & Info

Description

I am pleased to present the opportunity to acquire 1746 South La Brea Avenue, a six-unit apartment community in Mid-City. 1746 South La Brea Avenue is situated just south of Venice Boulevard within the Mid-City submarket in a dense infill pocket of Los Angeles. The well-maintained property built in 1958 consists of two one-bedroom units and four two-bedroom units. Its 5,796 square foot lot is located within a highly desirable pocket of Mid-City Los Angeles. It is walking distance to the main intersection of La Brea Avenue & San Vicente Boulevard providing convenient access to daily errands, retail and entertainment venues. The property features nine on-site parking spots(five covered & four uncovered).The continued gentrification of the surrounding area along with the remaining value add potential for a new owner to renovate the building to achieve superior future returns moving forward makes 1746 South La Brea Avenue an excellent investment opportunity.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-20T20:42:54.45. 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/115253429
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1746 S La Brea Ave Los Angeles, CA 90019

  • Price: $1,500,000
  • Status: Active
  • Updated: 23 min ago
  • MLS #: 21-707218
10
Beds
0
Baths
0
½ Baths
0.13
Acres
4,917
SQFT
$305
$/SQFT
1958
Built
Neighborhood:
Mid Los Angeles
County:
Los Angeles
Area:
Mid Los Angeles
Property Description
I am pleased to present the opportunity to acquire 1746 South La Brea Avenue, a six-unit apartment community in Mid-City. 1746 South La Brea Avenue is situated just south of Venice Boulevard within the Mid-City submarket in a dense infill pocket of Los Angeles. The well-maintained property built in 1958 consists of two one-bedroom units and four two-bedroom units. Its 5,796 square foot lot is located within a highly desirable pocket of Mid-City Los Angeles. It is walking distance to the main intersection of La Brea Avenue & San Vicente Boulevard providing convenient access to daily errands, retail and entertainment venues. The property features nine on-site parking spots(five covered & four uncovered).The continued gentrification of the surrounding area along with the remaining value add potential for a new owner to renovate the building to achieve superior future returns moving forward makes 1746 South La Brea Avenue an excellent investment opportunity.
Exterior Features

Lot Size Area 5796 Other Structures None Parking Garage Covered Parking Total Parking 9

Interior Features

Baths Total 8.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 452504 Gross Income 81468 Gross Operating Income 82024 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 37689.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 44335 Type Of Units Residential Year Built Source Assessor Zoning Lar3

Listing provided courtesy of Sean Rosenzweig DRE#01406343 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-20T20:42:54.45. 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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The John Jay Group - Bennion Deville Homes
74996 Highway 111
Indian Wells CA, 92210