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    1406 Albany Street

    Los Angeles (City), CA 90015
    • $1,079,000
    • STATUS: Active
    • ON SITE: 249 days
    • ID#: 20613898
    $1,079,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,044
      SQFT
    • $267
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1917
    County:

    School Ratings & Info

    Description

    EXCELLENT VALUE-ADD INVESTMENT IN OPPORTUNITY ZONE! This spacious Craftsman-style 4-plex with great curb appeal consists of 4 large 1 bedroom and 1 bathroom units that are currently being used as 2 bedrooms. Each unit is about 1,000sf. Two units will be delivered VACANT. Fantastic location near Convention Center, LA Live, Staples Center and Downtown LA. It provides huge upside potential in rents and low maintenance. The units are separately metered for gas and electricity. Each unit has its own water heater. There are detached 5 one-car garages in the back of the property. Additional income $300/month for 2 garages. The property is based in Opportunity Zone providing numerous tax benefits. It is located in fast growing neighborhood near Downtown LA Live Hub, USC, public transportation, metro lines, schools, libraries, hospitals, shopping & entertainment. Easy freeway access. Drive by only, offers subject to interior inspection. Please DO NOT disturb tenants.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-11T00:25:45.477. 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 Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
    www.bestorangecountyhomesearch.com/homes/108559284
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    1406 Albany Street Los Angeles (City), CA 90015

    • Price: $1,079,000
    • Status: Active
    • ID#: 20613898
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    4,044
    SQFT
    $267
    $/SQFT
    1917
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    EXCELLENT VALUE-ADD INVESTMENT IN OPPORTUNITY ZONE! This spacious Craftsman-style 4-plex with great curb appeal consists of 4 large 1 bedroom and 1 bathroom units that are currently being used as 2 bedrooms. Each unit is about 1,000sf. Two units will be delivered VACANT. Fantastic location near Convention Center, LA Live, Staples Center and Downtown LA. It provides huge upside potential in rents and low maintenance. The units are separately metered for gas and electricity. Each unit has its own water heater. There are detached 5 one-car garages in the back of the property. Additional income $300/month for 2 garages. The property is based in Opportunity Zone providing numerous tax benefits. It is located in fast growing neighborhood near Downtown LA Live Hub, USC, public transportation, metro lines, schools, libraries, hospitals, shopping & entertainment. Easy freeway access. Drive by only, offers subject to interior inspection. Please DO NOT disturb tenants.
    Exterior Features

    Architectural Style Craftsman Garage Spaces 5.00 Lot Size Units Square Feet Parking Features Private Parking Total 5.00 Parking YN Yes

    Interior Features

    Laundry Features See Remarks

    Property Features

    Country Us Gross Income 79884.00 Gross Multiplier 13.50 Gross Operating Income 79884.00 Laundry YN Yes Net Operating Income 59796.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 20087.00 Zoning Lar3

    Listing provided courtesy of Gabriela Manakova of Innovative Property Strategies


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-11T00:25:45.477. 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 Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
     
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    Doherty Real Estate Group | eXp Realty of California, Inc.
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