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430 N Bixel St

Los Angeles, CA 90026
  • $1,795,000
  • STATUS: Active
  • ON SITE: 29 Days
  • MLS #: 21-103287
UPDATED: 54 min ago
$1,795,000
  • 8
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,462
    SQFT
  • $278
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

Description

430 North Bixel Street is an 8 Unit apartment community located in Echo Park (90026), one of LA's most dynamic neighborhoods. It was built in 1923 and consists of 8 apartment units within four separate structures and is sited on a 7,417 SF street-to-street parcel facing both Bixel and Firmin Streets. The four units on Bixel Street are the quintessential L. A. bungalow style and each unit features a generous layout with 1-bedroom and 1-bathroom each. The four units on Firmin Street are larger units and consist of Three (3) 2-bedroom | 1-bathroom units and One (1) 1-bedroom | 1-bathroom unit PLUS a Den. Two of the eight units have been renovated and the property demonstrates a proven concept that a meaningful renovation will achieve an exceptional market rent. The expenses are kept low since each unit is separately metered for gas and electric utilities and has its own water heater.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-08T13:43:25.427. 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/123139420
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430 N Bixel St Los Angeles, CA 90026

  • Price: $1,795,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 54 min ago
  • MLS #: 21-103287
8
Beds
0
Baths
0
½ Baths
0.17
Acres
6,462
SQFT
$278
$/SQFT
1923
Built
Neighborhood:
Silver Lake - Echo Park
County:
Los Angeles
Area:
Silver Lake - Echo Park
Property Description
430 North Bixel Street is an 8 Unit apartment community located in Echo Park (90026), one of LA's most dynamic neighborhoods. It was built in 1923 and consists of 8 apartment units within four separate structures and is sited on a 7,417 SF street-to-street parcel facing both Bixel and Firmin Streets. The four units on Bixel Street are the quintessential L. A. bungalow style and each unit features a generous layout with 1-bedroom and 1-bathroom each. The four units on Firmin Street are larger units and consist of Three (3) 2-bedroom | 1-bathroom units and One (1) 1-bedroom | 1-bathroom unit PLUS a Den. Two of the eight units have been renovated and the property demonstrates a proven concept that a meaningful renovation will achieve an exceptional market rent. The expenses are kept low since each unit is separately metered for gas and electric utilities and has its own water heater.
Exterior Features

Lot Size Area 7417 Other Structures None Parking Garage Driveway Total Parking 2

Interior Features

Baths Total 8.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 1082430 Gross Income 127237 Gross Operating Income 124692 Like Units1 4 Like Units2 3 Like Units3 1 Net Operating Income 83538.00 Number Of Buildings 4 Number Of Units 8 Sale Type Standard Source Living Area Assessor Source Lot Size Area Vendor Enhanced Total Annual Expense 41155 Type Of Units Multi-Family Year Built Source Vendor Enhanced Zoning Lacw

Listing provided courtesy of Archie Robb DRE#02002291 of Keller Williams Studio City.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-08T13:43:25.427. 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