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    1980 Chickasaw Ave

    Los Angeles, CA 90041
    • $3,400,000
    • STATUS: Active
    • ON SITE: 141 days
    • MLS #: 20-642704
    UPDATED: 202 min ago
    $3,400,000
    • 13
      BEDS
    • 2.04
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,205
      SQFT
    • $472
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1969
    County:
    Area:

    School Ratings & Info

    Description

    ** $400,000 PRICE REDUCTION ** We are pleased to present for sale Eagle Rock 9, a once in a life-time opportunity to acquire, arguably, the most unique multi-family investment centered in the heart of Eagle Rock, one of LA's most prized and eclectic sub-markets. The Eagle Rock 9 sits on over 2 Acres of land and is comprised of a total of 9 Units, 2 of which will be DELIVERED VACANT for immediate renovation and upside. The 9 units are spread over the sprawling land with a garden and pool for tenants to enjoy as well as plenty of parking availability. Sitting atop a high point in Eagle Rock the 4 Bedroom & 2 Bathroom VACANT house offers impeccable views, patio space, and a tranquil place to call home. This opportunity presents itself to an astute investor looking to renovate and add value to the units currently operating below market level OR an opportunity for future development considering a total land size of over 2 acres - buyer to verify.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-24T23:42:34.077. 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/110738698
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    1980 Chickasaw Ave Los Angeles, CA 90041

    • Price: $3,400,000
    • Status: Active
    • Updated: 202 min ago
    • MLS #: 20-642704
    13
    Beds
    0
    Baths
    0
    ½ Baths
    2.04
    Acres
    7,205
    SQFT
    $472
    $/SQFT
    1969
    Built
    Neighborhood:
    Eagle Rock
    County:
    Los Angeles
    Area:
    Eagle Rock
    Property Description
    ** $400,000 PRICE REDUCTION ** We are pleased to present for sale Eagle Rock 9, a once in a life-time opportunity to acquire, arguably, the most unique multi-family investment centered in the heart of Eagle Rock, one of LA's most prized and eclectic sub-markets. The Eagle Rock 9 sits on over 2 Acres of land and is comprised of a total of 9 Units, 2 of which will be DELIVERED VACANT for immediate renovation and upside. The 9 units are spread over the sprawling land with a garden and pool for tenants to enjoy as well as plenty of parking availability. Sitting atop a high point in Eagle Rock the 4 Bedroom & 2 Bathroom VACANT house offers impeccable views, patio space, and a tranquil place to call home. This opportunity presents itself to an astute investor looking to renovate and add value to the units currently operating below market level OR an opportunity for future development considering a total land size of over 2 acres - buyer to verify.
    Exterior Features

    Lot Description 2-4 Lots Lot Size Area 89010 Other Structures Other Parking Garage Carport Pool Description Community Pool YN Yes Total Parking 9 View Description HillsCityCity Lights View YN Yes

    Interior Features

    Baths Total 9.00 Cooling Wall Unit(S) Equipment Other Heating Wall

    Property Features

    Assessed Total Value 412548 Gross Income 246144 Gross Operating Income 238760 Like Units1 1 Like Units2 1 Like Units3 7 Net Operating Income 153815.00 Number Of Buildings 4 Number Of Units 9 Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 84945 Type Of Units Investment Year Built Source Assessor 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 2021-02-24T23:42:34.077. 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