4808 August Street

    Los Angeles (City), CA 90008
    • $4,095,000
    • STATUS: Active
    • ON SITE: 114 days
    • ID#: 19516386
    $4,095,000
    • 0
      BEDS
    • 0.37
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,536
      SQFT
    • $264
      $/SQFT
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    Unique opportunity for an investor to purchase a well-maintained 16-unit apartment building in the rapidly developing Baldwin Village neighborhood. The Property is situated on two parcels and features extremely spacious units with a unit mix of 6(1+1), 8(2+2) and 2(3+2). 5 of the units have been extensively renovated with high-end finishes which include new stainless-steel appliances, laminate and tile flooring, new kitchen cabinets and tile backsplashes, new fixtures, new paint, and energy efficient LED lighting. 1 unit will be delivered vacant, providing the opportunity for an investor to immediately upgrade the unit and capture market rent. Exterior and building upgrades include new paint, new drought resistant landscaping, and a new intercom. The property is separately metered for electricity and gas, and the soft-story seismic retrofit work has already been completed. Take advantage of today's low interest rates and acquire a property with strong cash flow and upside potential.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-01-24T00:30:22.887. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Remax of Chico - The Laffins Real Estate Team. Licensed in the State of California, USA.

    www.laffinsrealestate.com/homes/99505933

    4808 August Street Los Angeles (City), CA 90008

    • Price: $4,095,000
    • Status: Active
    • ID#: 19516386
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.37
    Acres
    15,536
    SQFT
    $264
    $/SQFT
    1957
    Built
    Neighborhood:
    PHHT - Park Hills Heights
    County:
    Los Angeles
    Area:
    PHHT - Park Hills Heights
    Property Description
    Unique opportunity for an investor to purchase a well-maintained 16-unit apartment building in the rapidly developing Baldwin Village neighborhood. The Property is situated on two parcels and features extremely spacious units with a unit mix of 6(1+1), 8(2+2) and 2(3+2). 5 of the units have been extensively renovated with high-end finishes which include new stainless-steel appliances, laminate and tile flooring, new kitchen cabinets and tile backsplashes, new fixtures, new paint, and energy efficient LED lighting. 1 unit will be delivered vacant, providing the opportunity for an investor to immediately upgrade the unit and capture market rent. Exterior and building upgrades include new paint, new drought resistant landscaping, and a new intercom. The property is separately metered for electricity and gas, and the soft-story seismic retrofit work has already been completed. Take advantage of today's low interest rates and acquire a property with strong cash flow and upside potential.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Appliances DisposalRefrigeratorDishwasher Appliances YN Yes

    Property Features

    Cap Rate 5.23 Gross Multiplier 12.59 Gross Operating Income 315520.00 Improvements Amount 387006 Land Value 127214 Net Operating Income 214373.00 Special Listing Conditions Standard Total Expenses 103085.00 Zoning Lar3

    Listing provided courtesy of Janet Neman of Kidder Mathews Of California, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-01-24T00:30:22.887. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Remax of Chico - The Laffins Real Estate Team. Licensed in the State of California, USA.

     
    Remax of Chico - The Laffins Real Estate Team
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    Chico CA, 95926