1552 Brockton Ave., Los Angeles, CA 90025

PENDING
  • $2,900,000
  • 110 Days on site
  • Beds: 9
  • Baths: 12
  • Commercial Building
  • 5,694 sq ft
X

Description

Contact broker for full marketing package. Prime West LA location with an excellent unit mix of 3-bachelors, 3-one bedroom one bath units and 3-two bedroom two bath units. Over the span of ownership, 7 out of 9 units have been remodeled with new laminate flooring, new kitchen cabinets, granite countertops and tiled floors in kitchens. The property is separately metered for gas and electricity. The property also features a laundry room for the convenience of the residents and additional monthly income. Priced at only $322,222/unit, 3. 3% CAP and 18. 5 x current rents with significant upside in rents of approximately 31%. Large 6,990 +/-S. F. lot plus an alley zoned LAR-3 suitable to develop luxury condominiums. Per owner, property has been re-piped for copper and property does NOT have soft-story construction, eliminating the costly retrofit for the new owner. Drive by only, do not disturb tenants. Shown w/accepted offer.

  • MLS ID# 16-154518
  • Year Built: 1960
  • 110 Days on site
  • Commercial Building
  • Beds: 9
  • Baths: 12

Listing Details

Parking
Parking Space (8)
Cooling
Ceiling Fan
Heating
Wall Furnace Heat

Local Info

Population
43,472
Median Household Income
$62,733
Median Years In Residence
8
Median Homeowner Age
34
Households with Children
30.30%
Percent of Homes Rented
74.33%

Nearby Elementary Schools

1309 Armacost Ave
1430 Federal Ave
3131 Olympic Blvd

Nearby Middle Schools

1430 Federal Ave
11811 Mississippi Ave
3131 Olympic Blvd

Nearby High Schools

12114 Idaho Ave
11800 Texas Ave
11811 Mississippi Ave

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Property Contact Info

Listing Provided By: Charles Dunn West La
(310) 312-1800
Listing Agent: Ramin Gheitanchi

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