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321 N Bixel St

Los Angeles, CA 90026
  • $5,100,000
  • STATUS: Active
  • ON SITE: 251 days
  • ID#: 20-660412
UPDATED: 47 min ago
$5,100,000
  • 9
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,939
    SQFT
  • $735
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2020
County:

School Ratings & Info

Description

Bixel Lofts is a luxury, brand new construction, 9 unit complex located in prime South Echo Park / Westlake / City West near booming Downtown LA. Situated just south of Temple St and the 101 Freeway, this 2020 constructed building has truly unique units that offer renters luxurious, private indoor and outdoor space, usually reserved for homeowners. The property boasts seven townhome-style lofts with private rooftop decks and two ground floor studios, each with a private courtyard. The densely populated location ensures expeditious future lease up and condo-spec luxury build allow for tenant comfort and investor stability. Seven of the nine units have been leased during the Covid-19 pandemic, assuring a future investor the stability in the leasing of these units even during these uncertain times. Uniquely perched on Bixel St, the units have panoramic views of the sparkling Downtown LA skyline.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-27T07:42:27.82. 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.theparsonsrealestateteam.com/homes/111969870
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321 N Bixel St Los Angeles, CA 90026

  • Price: $5,100,000
  • Status: Active
  • Updated: 47 min ago
  • ID#: 20-660412
9
Beds
0
Baths
0
½ Baths
0.16
Acres
6,939
SQFT
$735
$/SQFT
2020
Built
Neighborhood:
Silver Lake - Echo Park
County:
Los Angeles
Area:
Silver Lake - Echo Park
Property Description
Bixel Lofts is a luxury, brand new construction, 9 unit complex located in prime South Echo Park / Westlake / City West near booming Downtown LA. Situated just south of Temple St and the 101 Freeway, this 2020 constructed building has truly unique units that offer renters luxurious, private indoor and outdoor space, usually reserved for homeowners. The property boasts seven townhome-style lofts with private rooftop decks and two ground floor studios, each with a private courtyard. The densely populated location ensures expeditious future lease up and condo-spec luxury build allow for tenant comfort and investor stability. Seven of the nine units have been leased during the Covid-19 pandemic, assuring a future investor the stability in the leasing of these units even during these uncertain times. Uniquely perched on Bixel St, the units have panoramic views of the sparkling Downtown LA skyline.
Exterior Features

Lot Size Area 7009 Other Structures None Parking Garage Covered Parking Pool YN No Tennis YN No Total Parking 9

Interior Features

Baths Total 9.00 Cooling None Den No Dining Room No Equipment None Family Room No Heating None

Property Features

Assessed Total Value 550800 Gross Income 322764 Gross Operating Income 313081 Like Units1 2 Like Units2 7 Net Operating Income 216977.00 Number Of Buildings 1 Number Of Units 9 Sale Type Standard Source Living Area Assessor Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Other Total Annual Expense 96104 Type Of Units Lofts Year Built Source Assessor Zoning Lacw

Listing provided courtesy of Morgan Mcmullin DRE#01716570 of Compass.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-27T07:42:27.82. 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 Parsons Team | Keller Williams Realty
251 S. Lake Ave #150
Pasadena CA, 91101