Skip To Content

2665 Pasadena Ave

Los Angeles, CA 90031
  • $2,250,000
  • STATUS: Active
  • ON SITE: 34 Days
  • MLS #: 22-147357
Price Reduced
UPDATED: 3 min ago
$2,250,000
  • 19
    BEDS
  • 0.39
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,580
    SQFT
  • $342
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1929
County:

School Ratings & Info

Description

We are pleased to present For Sale these Beautiful 9 Unit Pride of Ownership Spanish Style Villas that are located in a Great Lincoln Heights neighborhood. The property has an Attractive Single Story Layout with Spacious 2 and 3 Bedroom Units that are sitting on a Large 17,090 Square Foot Lot Zoned both LAC4 & RD3. The Layout of these 9 Units are as follows: FOUR DUPLEXES (which are comprised of EIGHT Spacious 2 Bedroom + 1 Bathroom Single Story Units) and a detached 3 Bedroom + 2 Bathroom Single-Story home. The 2 Bedroom Units are Approx. 700 Sq.Ft. & the 3 Bedroom Unit is Approx. 980 Sq.Ft. This is a True Turn Key Opportunity that yields a 4.38% Cap Rate on Current Rents and a Market Cap Rate of 7.11%. Over the tenure of ownership there have been Many Capital Improvements done to both the interior as well as the exterior of the property. This property has an Amazing Walk Score of 88 and therefore the Tenants enjoy the ease and comfort of being Walking Distance to Nearby Parks, Schools, Shops and Restaurants off Pasadena Ave and N Broadway. The Property neighbors Boyle Heights and Highland Park, and allows easy access to Downtown Los Angeles, Dodger Stadium and USC. Further from a convenient standpoint, the property is strategically near the 5, 110, 101 and 10 Freeways. Please note, Buyer to verify all information with respect to size, unit mix, unit count, zoning, etc.

Monthly Payment Calculator



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/127885927
Print Image

2665 Pasadena Ave Los Angeles, CA 90031

  • Price: $2,250,000
  • Status: Active
  • On Site: 34 Days
  • Updated: 3 min ago
  • MLS #: 22-147357
19
Beds
0
Baths
0
½ Baths
0.39
Acres
6,580
SQFT
$342
$/SQFT
1929
Built
Neighborhood:
Lincoln Heights
County:
Los Angeles
Area:
Lincoln Heights
Property Description
We are pleased to present For Sale these Beautiful 9 Unit Pride of Ownership Spanish Style Villas that are located in a Great Lincoln Heights neighborhood. The property has an Attractive Single Story Layout with Spacious 2 and 3 Bedroom Units that are sitting on a Large 17,090 Square Foot Lot Zoned both LAC4 & RD3. The Layout of these 9 Units are as follows: FOUR DUPLEXES (which are comprised of EIGHT Spacious 2 Bedroom + 1 Bathroom Single Story Units) and a detached 3 Bedroom + 2 Bathroom Single-Story home. The 2 Bedroom Units are Approx. 700 Sq.Ft. & the 3 Bedroom Unit is Approx. 980 Sq.Ft. This is a True Turn Key Opportunity that yields a 4.38% Cap Rate on Current Rents and a Market Cap Rate of 7.11%. Over the tenure of ownership there have been Many Capital Improvements done to both the interior as well as the exterior of the property. This property has an Amazing Walk Score of 88 and therefore the Tenants enjoy the ease and comfort of being Walking Distance to Nearby Parks, Schools, Shops and Restaurants off Pasadena Ave and N Broadway. The Property neighbors Boyle Heights and Highland Park, and allows easy access to Downtown Los Angeles, Dodger Stadium and USC. Further from a convenient standpoint, the property is strategically near the 5, 110, 101 and 10 Freeways. Please note, Buyer to verify all information with respect to size, unit mix, unit count, zoning, etc.
Exterior Features

Lot Size Area 17090 Other Structures Other Parking Garage On Street Style Spanish Total Parking 0

Interior Features

Baths Total 10.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 790896 Gross Income 150528 Gross Operating Income 150528 Like Units1 1 Like Units2 8 Net Operating Income 98448.00 Number Of Buildings 5 Number Of Units 9 Sale Type Standard Source Living Area Estimated Source Lot Size Area Vendor Enhanced Total Annual Expense 52080 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning Lac4 / Rd3

Listing provided courtesy of Shant Sherbetdjian DRE#01713570 of Remax Commercial And Investment Realty.


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.
 
https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_2_22-147357-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_2_22-147357-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_2_22-147357-2.jpg
Logo
The John Jay Group - Bennion Deville Homes
74996 Highway 111
Indian Wells CA, 92210