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3823 Wisconsin St

Los Angeles, CA 90037
  • $2,195,000
  • STATUS: Active
  • ON SITE: 35 Days
  • MLS #: 22-147229
Price Reduced
UPDATED: 30 min ago
$2,195,000
  • 15
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,508
    SQFT
  • $399
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1961
County:

School Ratings & Info

Description

This charming 8 units in the Mid-Century modern style has it all with a Prime location in the shadows of USC and the Lucas Museum, and 100% upside in current rents. The unit mix is ideal with (7) 2BR/1BA and (1) 1BR/1BA units. The owners have meticulously maintained the property since 1989 and are ready to move on. The plumbing is copper, there is a new electric motor on security gate and updated vinyl windows and stairwell. The seismic retrofit work was completed in back and there is parking for 8 with the possibility to add more parking, or an ADU. The potential for development is obvious with its premier location and desirable zoning of LAr3 and TOC Tier 4 designation. Development could conceptually generate 18 units "By Right" (check with city). Call now and make this your investment opportunity for the future.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-24T08:42:42.763. 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/127812850
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3823 Wisconsin St Los Angeles, CA 90037

  • Price: $2,195,000
  • Status: Active
  • On Site: 35 Days
  • Updated: 30 min ago
  • MLS #: 22-147229
15
Beds
0
Baths
0
½ Baths
0.18
Acres
5,508
SQFT
$399
$/SQFT
1961
Built
Neighborhood:
Los Angeles Southwest
County:
Los Angeles
Area:
Los Angeles Southwest
Property Description
This charming 8 units in the Mid-Century modern style has it all with a Prime location in the shadows of USC and the Lucas Museum, and 100% upside in current rents. The unit mix is ideal with (7) 2BR/1BA and (1) 1BR/1BA units. The owners have meticulously maintained the property since 1989 and are ready to move on. The plumbing is copper, there is a new electric motor on security gate and updated vinyl windows and stairwell. The seismic retrofit work was completed in back and there is parking for 8 with the possibility to add more parking, or an ADU. The potential for development is obvious with its premier location and desirable zoning of LAr3 and TOC Tier 4 designation. Development could conceptually generate 18 units "By Right" (check with city). Call now and make this your investment opportunity for the future.
Exterior Features

Lot Size Area 8022 Other Structures None Parking Garage Assigned Total Parking 8

Interior Features

Baths Total 8.00 Cooling Window Unit(S) Equipment Garbage Disposal Heating Wall Gas Laundry None Water Heater Features Gas

Property Features

Assessed Total Value 542952 Gross Income 115620 Gross Operating Income 109839 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 63650.00 Number Of Buildings 1 Number Of Units 8 Owner Pays WaterGardener Rent Control YN Yes Sale Type Standard Security Features Automatic Gate Source Living Area Vendor Enhanced Source Lot Size Area Assessor Tenant Pays GasElectricity Total Annual Expense 46489 Type Of Units Residential Water Heaters YN Yes Year Built Source Assessor Zoning Lar3

Listing provided courtesy of Keith Moret DRE#01802527 of Keller Williams Beach Cities.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-24T08:42:42.763. 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