Los Angeles CA  home offered at $1,295,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

1934 SANTA YNEZ Street
Los Angeles, California CA 90026
Price: $1,295,000
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Listing ID: 19445118
Price/SqFt: $443.49
Status: Active
SqFt: 2,920 Sq Ft
Acres: 0.115 Acres
Year Built: 1911

PRICE REDUCED!! We are pleased to present 1934 Santa Ynez Street. A four unit wood frame stucco multifamily investment opportunity in Echo Park built in 1911 consists of 2,920 SF of living area. The quadruplex consists of four spacious One Bedroom/One Bathroom Units on a 4,998 SF lot zoned LAC-2. Two of the units contain small bonus rooms that can be used as office space. THE SUBJECT PROPERTY IS 100% VACANT. The vacancy allows for a rare opportunity for an investor to rebrand the property and rent all units at market rates. Further, the property is zoned C-2 which offers present and future potential for development of a myriad of projects ranging from Multifamily (12 units by right Buyer to Verify), Condos, Mixed-Use, and Retail along with several different use codes including but not limited to Business, Education, Community, Entertainment, Medical, etc. (Buyer to Verify). The current vacant building allows for an investor to immediately eliminate relocation costs of tenants.

Primary Features

Cooling Type: See Remarks
County: Los Angeles
MLS Area Major: 671 - Silver Lake
Special Listing Conditions: Standard
Year Built: 1911
Zoning: LAC2

Additional

Laundry Features: See Remarks
Laundry: yes
Lot Size Units: Square Feet
Number Of Units Total: 4

Interior Features

Cooling: yes
Stories Total: 1

Financial Details

Cap Rate: 7.53
Gross Multiplier: 9.99
Gross Operating Income: 125712
Improvements Amount: 70001
Land Value: 292760
Net Operating Income: 97543
Total Expenses: 28170

External Features

Lot Size Area: 4999
Lot Size Square Feet: 4999
Number Of Buildings: 1

Location Information

Zoning Info


© 2019. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing courtesy of Derrick Vartanian from Keller Williams Silicon Beach . Last updated Tuesday, July 16th, 2019.

Contact - Listing ID 19445118

Lisa DiNoto

8250 White Oak
Rancho Cucamonga, CA 91730
Phone: 9099212544

Data services provided by IDX Broker
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