Residential Over 5 Units - Virginia avenue and st andrews place los angeles residential multi unit california

Published on January 23, 2023
Modified on January 23, 2023
Published by jazz
Viewed by 2 people
#1499
10250000.00 $US

Description of item

VIRGINIA AVE LOS ANGELES CA 90029


Asking Price WAS $11,600,000...NOW ONLY $10,250,000 PLUS 4% BUYERS FEE

42 Unit Multi Family Apartment Building in Hollywood Opportunity Zone

Located off the 101 Freeway near Santa Monica Blvd

Great Walk Score of 93



PROPERTY A

42 Bedrooms and 42 Bathrooms

Unit Mix (2) 2 Bedrooms, (14) 1 Bedrooms and (26) Singles

26356 SF Building

7497 SF Lot

5 Stories with Views

Built 1927



PROPERTY B

Adjacent 5361 SF Parking Lot



INCOME DETAILS AND OPPORTUNITY

100% Occupied

Current Monthly Income $43,186

Monthly Proforma $51,200

Additional Parking Income

Zoned LAR 4 with TOC 3

Total Size of Both Lots at 12858 SF

Can build 32 Units by Right or 54 Units with Tier TOC

Take advantage of Tax Credits

GREAT 1031 EXCHANGE


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S ST ANDREWS PLACE LOS ANGELES CALIFORNIA 90005


Asking Price $31,500,000 PLUS 3% BUYERS FEE


Brand New 5 Story Multi Family Apartment Fully Completed and in Process of CFO

Brand New Built 5 Story 65 Unit Apartment Complex in Wilshire Park Koreatown Waiting to Be Rented!

Modern Designed With Hollywood Sign Views

Greater Wilshire Koreatown

39,100 SF of Leaseable Space

14,999 SF Lot and Built 2022

Features 5 Stories with Balconies

Unit Mix (51) Singles and (14) 1+1

8 Different Floor Plans

52 Car Subterranean Parking

77 Bike Spaces



LOCATION

Major Cross Street 8th and St Andrews Pl

Lots of Shopping, Restaurants and Transportation

19 Minutes to DTLA and 16 to Hollywood

Excellent Walk Score Area of 95

INCOME DETAILS

Completed CFO only Needs to pay School Fees

Some Units already Pre-Rented

Monthly Proforma Income $133,500


Location

Country
United States
Region
California
City
Los Angeles
Address
Virginia Avenue