Skip To Content

    1060 N Avenue 50

    Los Angeles, CA 90042
    • $1,825,000
    • STATUS: Active
    • ON SITE: 177 days
    • MLS #: 21-712454
    UPDATED: 68 min ago
    $1,825,000
    • 1
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,628
      SQFT
    • $694
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1947
    County:

    School Ratings & Info

    Description

    ** Price Reduced by $75,000 - APPROVED ADU PLANS ** We are pleased to present for sale a rare opportunity to purchase a 7 unit multi-family asset in one of LA's hottest rental markets North Highland Park! 5 out 7 units have been extensively renovated and are comprised of (7) spacious studios. There have been substantial upgrades to the exterior AND interior units including new windows/doors, an electric panel, individual sub panels, electrical upgrades, new copper plumbing, new flooring, mini-split HVAC units, kitchen cabinets, designer countertops, new stainless steel appliances, bathroom vanities and tile, and in-unit laundry! Seller has APPROVED PLANS to convert two single car garage spaces into an additional 1 Bedroom & 1 Bathroom ADU. The property also offers tenants a large patio space for tenants to enjoy! Past appraisal records indicate gross living area of 2,628 SF while tax assessor shows 2,494 SF, buyer to verify and conduct their own due diligence pertaining to size of structure. EMAIL LISTING AGENT FOR OM!

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-24T16:43:16.507. 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.markwiseproperties.com/homes/115606389
    Print Image

    1060 N Avenue 50 Los Angeles, CA 90042

    • Price: $1,825,000
    • Status: Active
    • Updated: 68 min ago
    • MLS #: 21-712454
    1
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    2,628
    SQFT
    $694
    $/SQFT
    1947
    Built
    Neighborhood:
    Highland Park
    County:
    Los Angeles
    Area:
    Highland Park
    Property Description
    ** Price Reduced by $75,000 - APPROVED ADU PLANS ** We are pleased to present for sale a rare opportunity to purchase a 7 unit multi-family asset in one of LA's hottest rental markets North Highland Park! 5 out 7 units have been extensively renovated and are comprised of (7) spacious studios. There have been substantial upgrades to the exterior AND interior units including new windows/doors, an electric panel, individual sub panels, electrical upgrades, new copper plumbing, new flooring, mini-split HVAC units, kitchen cabinets, designer countertops, new stainless steel appliances, bathroom vanities and tile, and in-unit laundry! Seller has APPROVED PLANS to convert two single car garage spaces into an additional 1 Bedroom & 1 Bathroom ADU. The property also offers tenants a large patio space for tenants to enjoy! Past appraisal records indicate gross living area of 2,628 SF while tax assessor shows 2,494 SF, buyer to verify and conduct their own due diligence pertaining to size of structure. EMAIL LISTING AGENT FOR OM!
    Exterior Features

    Lot Size Area 5746 Other Structures Other Parking Garage Garage Total Parking 7

    Interior Features

    Baths Total 7.00 Cooling Other Equipment DryerMicrowaveWasherRange/OvenRefrigerator Flooring Other Heating Other

    Property Features

    Assessed Total Value 1066410 Gross Income 118224 Gross Operating Income 114677 Like Units1 7 Net Operating Income 80496.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Appraiser Source Lot Size Area Assessor Total Annual Expense 34181 Type Of Units Investment Year Built Source Vendor Enhanced Zoning Lar1

    Listing provided courtesy of Eric Dilanian DRE#01951699 of Remax Commercial And Investment Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-24T16:43:16.507. 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_1_21-712454-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-712454-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-712454-2.jpg
    Logo
    Mark Wise | Bennion Deville Homes
    71691 Highway 111
    Rancho Mirage CA, 92270