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Los Angeles, CA 90026 1932 Park Avenue

$1,300,000

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Presented By: Sabina Yi with Keller Williams Beverly Hills;
  • MLS# 24345417
  • 01/09/2024
  • Request Tour
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  • BedBeds • 4
  • BathBaths • 4
  • FootageSQFT • 2,660

Home Details

Location! Location! Location! Charing 4 unit apartment building steps from Echo Park lake and Sunset Blvd dining and nightlife. Each unit is One Bed/Bath. One unit is vacant. Property has all copper plumbing, no HVAC, 200 amp electrical, and foundation is bolted. All work has been done with permit. Individual gas & power and each unit has it's own water heater. Sited on 6,232 SF lot that fronts Park and Bonnie Brae. Current monthly income $6,794. DEVELOPER ALERT! Seller has TOC & CDO approved plans for 14-Unit apartment building and 3 ADU's can be added! Inclusive of the 14 units, (3) units will be affordable [ (2) ELI and (1) VLI ]. Construction documents available, but have not been submitted to plan check. Seller will not deliver RTI. Seller will not relocate existing tenants. Laundry is on site (coin op) and each unit has it's own water heater.
Presented By: Sabina Yi with Keller Williams Beverly Hills;

Interior Features for 1932 Park Avenue

Bedrooms

Total Bedrooms4

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths4

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Street SuffixAvenue
Total Stories2

General for 1932 Park Avenue

Additional Parcels Y/NNo
AppliancesDishwasher, Disposal, Microwave, Refrigerator
Architectural StyleTraditional
Attached Garage No
Cap Rate4.6
Carport Y/NNo
CityLos Angeles
CoolingNone
CountyLos Angeles
Days on Market49
DirectionsOn Park Ave near Sunset Blvd
DisclosuresPrincipalisRealEstateLicensed
Facing DirectionEast
Garage Y/NNo
Gross Income81528.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6322.0
MLS AreaC21 - Silver Lake - Echo Park
MobileHomeRemainsYNNo
Net Operating Income60838.0
New ConstructionNo
Occupancy TypeTenant
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesCarbonMonoxideDetectors, FireSprinklerSystem, SmokeDetectors
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NamePark
Tenant PaysElectricity, Gas
Total Units4
ViewCityLights, Lake
View Y/NYes
Waterfront Y/NNo
Year Built1948
Year Built SourceAssessor
ZoningLAR3

Exterior for 1932 Park Avenue

Building Area Total2660.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1451
Lot Size Area6322.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesUncovered
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,300,000
MLS#24345417
List Date 01/09/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors