CA > Los Angeles
Los Angeles, CA 90019,1545 4th AVE
Los Angeles, CA 90019,1545 4th AVE
Los Angeles, CA 90019,1545 4th AVE
Los Angeles, CA 90019,1545 4th AVE
Los Angeles, CA 90019,1545 4th AVE
Los Angeles, CA 90019,1545 4th AVE
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Realty One Group Success

Realty One Group Success

+1(661) 644-4969
$ 1,395,000
Est. payment | /mo

10,502 Sqft Lot

Save
$ 1,395,000
Est. payment | /mo
Save

10,502 Sqft Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

MLS Listing ID SR25036332

HOA Y/N No

Year Built 1920

Lot Size 10,502 Sqft

Property Sub-Type Apartment

Property Description

We are pleased to present an excellent 5-unit investment opportunity located near Venice Blvd & Arlington Ave in Mid City! Consisting of +/- 5,664 sq. ft. of rentable space, the subject spaciously features two 3 bedroom / 1 bath units, two 2 bedroom / 1 bath units, and one 1 bedroom / 1 bath unit. Three of the five units were completely remodeled and have new kitchens, bathrooms, windows, restored hardwood flooring and built in cabinetry. Capital improvements include new sewer lines replaced in 2020 and updated electrical panels and subpanels. Other amazing advantages of the building include washer/dryers in each unit, individual water heaters in each unit, as well as on-site private parking provided for tenants. More impressive, the building boasts a GRM of 10.8 and CAP rate of 6.9% on current rents! With a generous lot size of +/- 10,501 sq. ft., the opportunities for further improvements to the property are endless. This is a rare opportunity for an investor to acquire a pride of ownership and well maintained property in a great Mid City location just north of Venice Blvd and close to all major attractions such as Los Angeles County Museum of Art, The Original Farmers Market, The Grove, and the Petersen Museum.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD1.5

Interior

Fireplace No

Appliance Dryer, Washer

Exterior

Pool None

Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights

Total Parking Spaces 5

Private Pool No

Building

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5072024012

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Anie Mayelian • Keller Williams Realty Calabasas • 818-915-9118
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(661) 644-4969

patrick@rogsuccess.com

25060 Avenue Stanford, Suite 150

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1545 4th AVE