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2309 Hauser Blvd

Los Angeles, CA 90016
  • $1,615,000
  • STATUS: Active Under Contract
  • ON SITE: 302 days
  • MLS #: 20-643136
Under Contract
UPDATED: 67 min ago
$1,615,000
  • 12
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,712
    SQFT
  • $343
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

Description

This 4-unit apartment building located on 2309 Hauser Boulevard consists of 4,712 square feet of building on a 5,269 square foot lot in the middle of Mid-City. The property has a very high-income producing unit mix consisting of (4) 3B/2B units that average 1,200 square feet. Three of the four units have beautiful modern renovations to the kitchens, bathrooms, and floors. Two of these renovated units have in-unit Washer/Dryer. There is also a coin operated laundry machine for additional income. The only non-renovated unit is occupied by a Section 8 tenant. Current rents are 23% upside, providing the opportunistic investor with a more aggressive management style the ability to raise rents and achieve higher cash on cash returns in one of the fastest growing parts of Mid-City. The property's curb appeal is one of the best on the street and the building has been impeccably maintained by current management. This part of Mid-City is seeing a tremendous amount of development and is located centrally within Los Angeles. Property is individually metered for gas and electric, and there is one water heater for the property.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-05T07:42:30.817. 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/110759292
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2309 Hauser Blvd Los Angeles, CA 90016

  • Price: $1,615,000
  • Status: Active Under Contract
  • Updated: 67 min ago
  • MLS #: 20-643136
12
Beds
0
Baths
0
½ Baths
0.12
Acres
4,712
SQFT
$343
$/SQFT
1965
Built
Neighborhood:
Mid Los Angeles
County:
Los Angeles
Area:
Mid Los Angeles
Property Description
This 4-unit apartment building located on 2309 Hauser Boulevard consists of 4,712 square feet of building on a 5,269 square foot lot in the middle of Mid-City. The property has a very high-income producing unit mix consisting of (4) 3B/2B units that average 1,200 square feet. Three of the four units have beautiful modern renovations to the kitchens, bathrooms, and floors. Two of these renovated units have in-unit Washer/Dryer. There is also a coin operated laundry machine for additional income. The only non-renovated unit is occupied by a Section 8 tenant. Current rents are 23% upside, providing the opportunistic investor with a more aggressive management style the ability to raise rents and achieve higher cash on cash returns in one of the fastest growing parts of Mid-City. The property's curb appeal is one of the best on the street and the building has been impeccably maintained by current management. This part of Mid-City is seeing a tremendous amount of development and is located centrally within Los Angeles. Property is individually metered for gas and electric, and there is one water heater for the property.
Exterior Features

Direction Faces East Levels Multi/Split Lot Size Area 5269 Other Structures None Parking Garage Assigned Total Parking 4 Water Frontage None

Interior Features

Bathroom Features Shower Over Tub Baths Total 8.00 Common Walls Attached Cooling Window Unit(S) Equipment Ceiling FanDishwasherDryerMicrowaveWasherRange/OvenRefrigerator Flooring Hardwood Heating Central Laundry In UnitLaundry Area Laundry Equipment Own Water Heater Features Central Water Heater

Property Features

Assessed Total Value 678287 Gross Income 117852 Gross Operating Income 114316 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 72950.52 Number Of Buildings 1 Number Of Units 4 Owner Pays WaterGardener Property Condition Updated/Remodeled Rent Control YN Yes Sale Type Standard Security Features None Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays GasElectricity Total Annual Expense 41365.92 Type Of Units 3B/2B Water District Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Daniel Glaser DRE# of Glaser Property Management Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-05T07:42:30.817. 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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