Extremely Motivated SELLER - 1 SFR & 6 Apts | 1837 Beloit Ave
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Extremely Motivated SELLER - 1 SFR & 6 Apts 1837 Beloit Ave
7 Unit Apartment Building $3,500,000 ($500,000/Unit) Los Angeles, CA 90025
Executive Summary
Welcome to 1835 - 1837 Beloit Ave Los Angeles. Located in the prime Tucker - Langdon Tract, this property offers a multitude of uses. Purchase as is and live in the 3 bedroom 2 bathroom main house while getting paid rents on the 6 units in the rear. Other options for more experienced investors would be to do a value add play and split the main house into 2 units creating 9 total units on this property. Many of the units will be delivered vacant. Gas and Electric meters are individually metered. Studios in the building next door are renting for $2,500 or more per month. All information to be verified by buyer and buyer's broker. Seller and Seller's Broker do not guarantee any information regarding property, square footage, use, zoning, or any other factor of the property. Buyer and buyer's broker to do their own due diligence and satisfy themselves.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$150,000
|
$18.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$150,000
|
$18.20
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $150,000 |
| Annual Per SF | $18.20 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $150,000 |
| Annual Per SF | $18.20 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $3,500,000 | Apartment Style | Mid Rise |
| Price Per Unit | $500,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| No. Units | 7 | Building Size | 8,244 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1959 |
| Price | $3,500,000 |
| Price Per Unit | $500,000 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 8,244 SF |
| No. Stories | 2 |
| Year Built | 1959 |
Unit Amenities
- Dishwasher
- Washer/Dryer Hookup
1 of 1
Walk Score ®
Very Walkable (89)
Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 4261-020-014 | Improvements Assessment | $348,964 |
| Land Assessment | $273,617 | Total Assessment | $622,581 |
PROPERTY TAXES
Parcel Number
4261-020-014
Land Assessment
$273,617
Improvements Assessment
$348,964
Total Assessment
$622,581
zoning
| Zoning Code | LAR3 (Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations) |
| LAR3 (Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations) |
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Extremely Motivated SELLER - 1 SFR & 6 Apts | 1837 Beloit Ave
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