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915 E 23RD St

Los Angeles, CA 90011
  • $995,000
  • STATUS: Active
  • ON SITE: 72 Days
  • MLS #: 22-135207
UPDATED: 107 min ago
$995,000
  • 12
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,164
    SQFT
  • $239
    $/SQFT
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Great opportunity to own a Quadruplex in the Historic South Central area, appx. 2 miles from the University of Southern California (USC). Property features 4 spacious units, of which are divided between two separate buildings. 4164 square footage of living space and 6,258 square footage of lot size. Property is centrally located near Downtown LA. This area offers investor/buyers a significant upside in future rental potential due to the dense rental area and the major construction developments in the area which include the new seven story development being built on Adams/Grand which will have 296 units of housing and 5,000 square feet of commercial space. Also, the new Multi-Housing development, featuring 105 residential units along with commercial space spanning an area of 7,300 square feet. Property is also near LA Live, Banc of California Stadium, LA Memoria Coliseum, Crypto.Com Arena, Dodger Stadium, Union Station, restaurants, 10 & 110 Freeways and much more. This property is a must see!!!

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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/126663554
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915 E 23RD St Los Angeles, CA 90011

  • Price: $995,000
  • Status: Active
  • On Site: 72 Days
  • Updated: 107 min ago
  • MLS #: 22-135207
12
Beds
0
Baths
0
½ Baths
0.14
Acres
4,164
SQFT
$239
$/SQFT
Neighborhood:
Downtown L.A.
County:
Los Angeles
Area:
Downtown L.A.
Property Description
Great opportunity to own a Quadruplex in the Historic South Central area, appx. 2 miles from the University of Southern California (USC). Property features 4 spacious units, of which are divided between two separate buildings. 4164 square footage of living space and 6,258 square footage of lot size. Property is centrally located near Downtown LA. This area offers investor/buyers a significant upside in future rental potential due to the dense rental area and the major construction developments in the area which include the new seven story development being built on Adams/Grand which will have 296 units of housing and 5,000 square feet of commercial space. Also, the new Multi-Housing development, featuring 105 residential units along with commercial space spanning an area of 7,300 square feet. Property is also near LA Live, Banc of California Stadium, LA Memoria Coliseum, Crypto.Com Arena, Dodger Stadium, Union Station, restaurants, 10 & 110 Freeways and much more. This property is a must see!!!
Exterior Features

Covered Parking 2 Lot Description SidewalksFront YardFenced Yard Lot Location City Lot Size Area 6258 Other Structures None Parking Garage DetachedGarage Patio Features Other - See Remarks Pool Description None Pool YN No Spa None Spa YN No Style Traditional Tennis Court None Tennis YN No Total Parking 2 View Description None View YN No Water Frontage None

Interior Features

Baths Total 6.00 Common Walls Attached Cooling None Equipment Other Fireplace Rooms None Flooring CarpetCeramic Tile Heating Wall Interior Features Other Laundry None Water Heater Features Gas

Property Features

Amenities None Assessed Total Value 406962 Gross Income 79104 Gross Operating Income 79104 Insurance Expense 614.00 Land Lease Type Fee Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Maintenance Expense 4700.00 Net Operating Income 49143.00 Number Of Buildings 2 Number Of Units 4 Owner Pays GasElectricityWaterOther Rent Control YN Yes Sale Type Standard Security Features Carbon Monoxide Detector(S)Smoke Detector Sewer In Street Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays GasElectricityTrash Collection Total Annual Expense 28251 Type Of Units Multi Family Water District Water Heaters YN Yes Zoning Lar2

Listing provided courtesy of Walner H Hernandez DRE#01318574 of Re/Max Alliance Group.


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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