455 Solano Avenue | 455 Solano Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
455 Solano Avenue 455 Solano Ave
3 Unit Apartment Building $833,000 ($277,667/Unit) Los Angeles, CA 90012
Investment Highlights
- Great Location
- Lots of Parking
- Victorian Home
Executive Summary
Excellent investment opportunity located in LA's Elysian Park in the Historic Solano Canyon neighborhood. Centrally located right in the heart of the city, on the cusp of Echo Park, and so many of the landmarks that Los Angeles offers, including Dodger Stadium, Downtown, Chinatown, the LA River, Los Angeles State Historic Park, Radio Hill Gardens, Elysian Park, along with so many walking trails, public spaces, and viewpoints... too many to list here! Offering both architecture and investment value, this Classical Queen Anne Victorian home in the front offers a single, detached home with 3 bedrooms and 2 bathrooms. Rear two story building features 2 additional units, one of which has 1 bedroom and 1 bath, and the other with 2 bedrooms and 1 bath. Plenty of room for cars in the driveway. Great long-term tenants with ease of management for a new owner.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$43,692
|
$20.30
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$43,692
|
$20.30
|
| Taxes |
$10,413
|
$4.84
|
| Operating Expenses |
$13,989
|
$6.50
|
| Total Expenses |
$24,402
|
$11.34
|
| Net Operating Income |
$19,290
|
$8.96
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $43,692 |
| Annual Per SF | $20.30 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $43,692 |
| Annual Per SF | $20.30 |
| Taxes | |
|---|---|
| Annual | $10,413 |
| Annual Per SF | $4.84 |
| Operating Expenses | |
|---|---|
| Annual | $13,989 |
| Annual Per SF | $6.50 |
| Total Expenses | |
|---|---|
| Annual | $24,402 |
| Annual Per SF | $11.34 |
| Net Operating Income | |
|---|---|
| Annual | $19,290 |
| Annual Per SF | $8.96 |
Property Facts
| Price | $833,000 | Building Class | C |
| Price Per Unit | $277,667 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 2,152 SF |
| Gross Rent Multiplier | 19.07 | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1951 |
| Property Subtype | Apartment | Parking Ratio | 2.32/1,000 SF |
| Price | $833,000 |
| Price Per Unit | $277,667 |
| Sale Type | Investment |
| Gross Rent Multiplier | 19.07 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 2,152 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1951 |
| Parking Ratio | 2.32/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $1,751 | - |
| 1+1 | 1 | $824.00 | - |
| 2+1 | 1 | $1,066 | - |
1 of 1
zoning
| Zoning Code | RD2 |
| RD2 |
1 of 21
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
455 Solano Avenue | 455 Solano Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.