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11969 Iowa Ave

Los Angeles, CA 90025
  • $3,599,000
  • STATUS: Active
  • ON SITE: 96 Days
  • MLS #: 22-129133
UPDATED: 34 min ago
$3,599,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,962
    SQFT
  • $517
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1962
County:
Area:

School Ratings & Info

Description

Just Reduced $200K. LA's Sawtelle neighborhood is close to everything the Westside has to offer. Just off of Bundy and sandwiched between Olympic and Santa Monica Blvd, dining, retail, grocery, large employers, and transportation options are all within walking distance. A perfect walkscore? I think so. The subject property has a diverse unit mix and massive, unrealized upside of 40%! Two units scheduled to be vacated at COE. Mostly copper plumbing, upgraded electrical. Seismic retrofit recently completed - a HUGE cost savings for a Buyer versus other buildings on market, requiring it, still.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T23:43:08.557. 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/125958726
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11969 Iowa Ave Los Angeles, CA 90025

  • Price: $3,599,000
  • Status: Active
  • On Site: 96 Days
  • Updated: 34 min ago
  • MLS #: 22-129133
0
Beds
0
Baths
0
½ Baths
0.17
Acres
6,962
SQFT
$517
$/SQFT
1962
Built
Neighborhood:
West L.A.
County:
Los Angeles
Area:
West L.A.
Property Description
Just Reduced $200K. LA's Sawtelle neighborhood is close to everything the Westside has to offer. Just off of Bundy and sandwiched between Olympic and Santa Monica Blvd, dining, retail, grocery, large employers, and transportation options are all within walking distance. A perfect walkscore? I think so. The subject property has a diverse unit mix and massive, unrealized upside of 40%! Two units scheduled to be vacated at COE. Mostly copper plumbing, upgraded electrical. Seismic retrofit recently completed - a HUGE cost savings for a Buyer versus other buildings on market, requiring it, still.
Exterior Features

Covered Parking 9 Lot Size Area 7444 Other Structures None Parking Garage Covered Parking Total Parking 0

Interior Features

Baths Total 11.00 Cooling None Equipment Range/Oven Heating Wall

Property Features

Gross Income 170316 Gross Operating Income 167007 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 104987.00 Number Of Buildings 1 Number Of Units 9 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 62019 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Brice Head DRE#01330706 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T23:43:08.557. 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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Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270