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    541 Solano Avenue

    Los Angeles (City), CA 90012
    • $4,450,000
    • STATUS: Active
    • ON SITE: 269 days
    • ID#: OC20138623
    $4,450,000
    • 0
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,813
      SQFT
    • $300
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1970
    County:

    School Ratings & Info

    Description

    Huge upside with this complex!!! Hidden Gem located in Solano Canyon!!! This 18-unit apartment complex is nestled in a quite neighborhood close to Downtown LA, Dodger Stadium, Elysian Park, and Chinatown. One (1) studio apartment, ten (10) 1-bd/1-ba units, three (3) 2-bd/1-ba units, and four (4) 2-bd/2ba units. The complex also has two office/storage units. On-site parking and laundry room. The property is easily accessible from freeways, public transportation, parks, and even hiking trails!!

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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/107860641
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    541 Solano Avenue Los Angeles (City), CA 90012

    • Price: $4,450,000
    • Status: Active
    • ID#: OC20138623
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    14,813
    SQFT
    $300
    $/SQFT
    1970
    Built
    Neighborhood:
    Chna - Chinatown
    County:
    Los Angeles
    Area:
    Chna - Chinatown
    Property Description
    Huge upside with this complex!!! Hidden Gem located in Solano Canyon!!! This 18-unit apartment complex is nestled in a quite neighborhood close to Downtown LA, Dodger Stadium, Elysian Park, and Chinatown. One (1) studio apartment, ten (10) 1-bd/1-ba units, three (3) 2-bd/1-ba units, and four (4) 2-bd/2ba units. The complex also has two office/storage units. On-site parking and laundry room. The property is easily accessible from freeways, public transportation, parks, and even hiking trails!!
    Exterior Features

    Garage Spaces 18.00 Lot Features Lot 10000-19999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedCarportCommunity StructureCoveredDrivewayConcretePavedGarageOn SiteParking SpacePrivateStreet Parking Total 18.00 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Maintained Spa Features None Spa YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Laundry Features Common AreaCommunity Levels Three Or More

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features BikingCurbsFoothillsHikingGuttersParkMountainousRavineSidewalksStorm DrainsStreet LightsUrban Country Us Electric Expense 2620.00 Elevation Units Feet Fuel Expense 3758.00 Gross Income 194845.00 Gross Scheduled Income 254820.00 Insurance Expense 5510.00 Land Lease YN No Laundry YN Yes Licenses Expense 1502.00 Maintenance Expense 932.00 Net Operating Income 194845.00 New Construction YN No New Taxes Expense 8618.00 Number Of Separate Electric Meters 19 Number Of Separate Gas Meters 19 Number Of Separate Water Meters 1 Number Of Units Leased 18 Operating Expense 59975.00 Professional Management Expense 17500.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 21085.00 Total Expenses 59975.00 Trash Expense 7909.00 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Water Sewer Expense 11626.00 Water Source Public Year Built Source Public Records Zoning Lard2

    Listing provided courtesy of Reid Shigeno of 13 East Realty Incorporated and James Chen of


    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.
    27101 Puerta Real
    Mission Viejo CA, 92691