Cynthia Burts
This listing was posted on RealtyWW.
$3,975,000
Home For Sale In Los Angeles, California
Price:
$3,975,000
BR/BA:
6 BR, 10+ BA
Location:
1435 Alvarado Ter, Los Angeles, CA
Description:
Presenting 1435 Alvarado Terrace in Los Angeles. This 30-unit apartment building is a value-add property with a 100%+ upside in rents in the high-demand Pico Union rental market area of Los Angeles. This value-added opportunity provides investors to acquire a well-located, well-maintained, professionally managed apartment building. The building has been consistently upgraded with recent major improvements that include new exterior paint including the steel hand railings. New Electrical Sub-Panels have been installed, and a new 4-inch waste-line and runs 200 feet from the building to the street. Fifteen of the units have been recently remodeled and upgraded with new paint, new kitchens, new countertops, new fixtures, new blinds, ceiling fans, hardwood, and tile flooring. There is beautiful hardwood flooring throughout all the building's hallways and stairs. The units have large new windows making the 9-foot ceiling units bright and welcoming. The front entry door has an intercom-controlled gate, and the building features many security cameras that can be remotely viewed 24 hours a day. It has an on-site laundry facility with a new water heater for the tenants. The building is separately metered for gas and electricity. The property will be delivered with significant upside potential but will provide the new owner with significant upside potential. When the long-term tenants turnover, the new owner will enjoy a large increase in rental income and be able to renovate the units to increase the value of those units. Located on the ground floor of the building is a large multi-room area that could be a large potential ADU unit or a large Owner/User Management office. The building was constructed in 1912 and is a 30-unit 16.047 square foot building on a 7, 505 square foot [Q]RD1.5-1 zoned lot. There is an excellent unit mix of six one-bedroom units and twenty-six studio units. The building is located within walking distance of shopping, schools, restaurants, and the beautiful Terrace Park. This location is located 2 miles from DTLA, LA Live, Crypto.com Arena, and downtown attractions.For more details: https://realtyww.info/homes_los-angeles-d523223/for-sale_i69836268
Property Type:
Single-Family Houses
Sq feet:
505 sq. ft.
Amenities:
Wood Floors
Posted:
March 26 on RealtyWW
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More About this Listing: Home For Sale In Los Angeles, California
Home For Sale In Los Angeles, California is a Six Bedroom 10 Bathroom, 10+ BA, 30 Bathroom Single-Family Homes for Sale at 1435 Alvarado Ter in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 1435 Alvarado Ter by searching Oodle Classifieds for Six Bedroom 10 Bathroom, 10+ BA, 30 Bathroom Single-Family Homes for Sale in Los Angeles CA.
Home For Sale In Los Angeles, California is a Six Bedroom 10 Bathroom, 10+ BA, 30 Bathroom Single-Family Homes for Sale at 1435 Alvarado Ter in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 1435 Alvarado Ter by searching Oodle Classifieds for Six Bedroom 10 Bathroom, 10+ BA, 30 Bathroom Single-Family Homes for Sale in Los Angeles CA.