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    1258 1256 4th Avenue

    Los Angeles (City), CA 90019
    • $2,290,000
    • STATUS: Active
    • ON SITE: 31 days
    • ID#: PW21144394
    UPDATED: 67 min ago
    $2,290,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1916
    County:

    School Ratings & Info

    Description

    Location, Location, Location!!! Located only minutes away from Korea town, Downtown LA, restaurants, entertainment, shopping centers and transportation. Its a great opportunity to own huge 4Unit of 6,407 sqft of building and 8,946 sqft of lot. All Copper Plumbing and PVC Drain. About 4years ago, 2Bathroom added with permits (in 1256 & 1256 1/2), 3Units remodeled with Cabinet, Quarts Counter Top, Sink, Tiled Back Splash & Floor, Stainless Appliances, AC/Heat (3units), Lighting, Ceiling Fans, Tankless Water Heater (in 1256 1/2), Washer & Dryer (3units) and Bathrooms (3units). Behind the building, there are three garages and plenty of parking spaces for each unit. Unit 1256 (2Bed/2Bth + Bonus Room) will delivered vacant. The building size is big so there is potential for increase in income. This is AS-IS condition sale. Buyers advised to verify all permits, records to their own satisfaction.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-03T16:36:20.92. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.theparsonsrealestateteam.com/homes/118964119
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    1258 1256 4th Avenue Los Angeles (City), CA 90019

    • Price: $2,290,000
    • Status: Active
    • Updated: 67 min ago
    • ID#: PW21144394
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    1916
    Built
    Neighborhood:
    C18 - Hancock Park-Wilshire
    County:
    Los Angeles
    Area:
    C18 - Hancock Park-Wilshire
    Property Description
    Location, Location, Location!!! Located only minutes away from Korea town, Downtown LA, restaurants, entertainment, shopping centers and transportation. Its a great opportunity to own huge 4Unit of 6,407 sqft of building and 8,946 sqft of lot. All Copper Plumbing and PVC Drain. About 4years ago, 2Bathroom added with permits (in 1256 & 1256 1/2), 3Units remodeled with Cabinet, Quarts Counter Top, Sink, Tiled Back Splash & Floor, Stainless Appliances, AC/Heat (3units), Lighting, Ceiling Fans, Tankless Water Heater (in 1256 1/2), Washer & Dryer (3units) and Bathrooms (3units). Behind the building, there are three garages and plenty of parking spaces for each unit. Unit 1256 (2Bed/2Bth + Bonus Room) will delivered vacant. The building size is big so there is potential for increase in income. This is AS-IS condition sale. Buyers advised to verify all permits, records to their own satisfaction.
    Exterior Features

    Entry Level 1 Fencing Wood Lot Features Walkstreet Number Of Separate Electric Meters 4 Open Parking Spaces 5 Parking Features Assigned Parking Total 8 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No View None View YN No

    Interior Features

    Appliances Built-In RangeDishwasherRange Hood Common Walls No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Flooring Wood Interior Features BalconyCeiling Fan(S)Crown MoldingWalk-In Closet(S) Window Features Double Pane Windows

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4 Common Interest Community Apartment Community Features Street LightsSidewalks Garage YN Yes Gross Income 123720 Gross Scheduled Income 154800 Insurance Expense 2000 Land Lease YN No Laundry Features Inside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Maintenance Expense 2400 Net Operating Income 92420 New Construction YN No New Taxes Expense 23000 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 31300 Possession Close Of Escrow Property Sub Type Quadruplex Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Trash Expense 0 Utilities Sewer Connected Water Sewer Expense 3900 Water Source Public Zoning Lard1.5

    Listing provided courtesy of Soo Yeol Oh of New Star Realty & Investment and Hyun Soo Oh of New Star Realty & Investment


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-03T16:36:20.92. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
     
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    Pasadena CA, 91101