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1960 S Holt Avenue

Los Angeles (City), CA 90034
  • $4,695,000
  • STATUS: Active
  • ON SITE: 27 Days
  • ID#: PW21214624
UPDATED: 37 min ago
$4,695,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Description

The Lido Apartments is located in the La Cienga Heights neighborhood of Los Angeles. This location enjoys easy access to transportation, employment, shopping, dining and entertainment. With a high walk score of 81, most of these amenities are within walking distance. The property is very well maintained with several major items being completed in recent years including seismic retrofit and a new central water heater. Nine (60%) of the units have already been renovated, which will enable a new owner to create value by renovating interiors on turn overs and significantly raise rents.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-25T08:23:50.023. 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/121851742
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1960 S Holt Avenue Los Angeles (City), CA 90034

  • Price: $4,695,000
  • Status: Active
  • Updated: 37 min ago
  • ID#: PW21214624
0
Beds
0
Baths
0
½ Baths
0.29
Acres
1963
Built
Neighborhood:
699 - Not Defined
County:
Los Angeles
Area:
699 - Not Defined
Property Description
The Lido Apartments is located in the La Cienga Heights neighborhood of Los Angeles. This location enjoys easy access to transportation, employment, shopping, dining and entertainment. With a high walk score of 81, most of these amenities are within walking distance. The property is very well maintained with several major items being completed in recent years including seismic retrofit and a new central water heater. Nine (60%) of the units have already been renovated, which will enable a new owner to create value by renovating interiors on turn overs and significantly raise rents.
Exterior Features

Lot Features 11-15 Units/Acre Number Of Separate Electric Meters 1 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 3.8 Common Interest None Community Features Sidewalks Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 300432 Gross Scheduled Income 300432 Insurance Expense 4413 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 178613 New Construction YN No Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 112806 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Vacancy Allowance 9013 Vacancy Allowance Rate 3 Water Sewer Expense 0 Water Source Public Zoning Lard2

Listing provided courtesy of Grant Hahn of Morgan Skenderian


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-25T08:23:50.023. 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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