Los Angeles CA  home offered at $4,450,000 

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

 

2615 S Victoria Avenue
Los Angeles, California CA 90016-3009
Sold For: $4,300,000
Listing ID: 22175291
Price/SqFt: $343.21
Status: Closed
Sold Date: 1/10/2023
SqFt: 12,966 Sq Ft
Acres: 0.289 Acres
Year Built: 1927

2615 S Victoria Avenue is an irreplaceable 20-unit apartment building situated in the heart of the burgeoning West Adams neighborhood. All units consist of one large bedroom and bathroom, sixteen of which have been tastefully renovated, including stainless steel appliances and reimagined kitchens and bathrooms. Additionally, the property has had numerous upgrades such as copper plumbing throughout, electrical service and panels, partial roof replacement, new exterior paint, and landscaping. There are multiple on-site storage rooms for the Owner's use or for potential added income. Superbly located in the heart of the West Adams commercial corridor, 2615 S Victoria Avenue provides residents with many of the great things LA has to offer right outside their front door. The property features a stellar 81 walk score and is central to major employment, freeways, and points of interest alike. Additionally, the property lies a mere 10-minute drive from trendy Culver City, Downtown Los Angeles, and the University of Southern California. Tenants who prefer public transit can easily access the Crenshaw and Exposition metro station that stretches from Downtown Santa Monica to Downtown Los Angeles with upcoming service to both Inglewood and LAX. This is an excellent opportunity to acquire an investment property with steady and reliable cash flow with additional future upside both in rent and neighborhood appreciation.

Primary Features

County: Los Angeles
Price Reduction Date: 2022-08-12T04:38:24+00:00
Price/SqFt: 343.21
Property Type: Residential Income
Year Built: 1927
Zoning: LARD1.5

Interior

Appliances: yes
Appliances: Refrigerator
Cooling: no
Cooling Type: None
Flooring: Laminate, Tile
Interior Features: Ceiling Fan(s)
Laundry: yes
Laundry Features: None
Spa: no
Spa Features: None
Stories Total: 2

External

Architectural Style: Spanish
Construction Materials: Stucco
Lot Size Area: 12579
Lot Size Square Feet: 12579
Number Of Buildings: 6
Other Structures: Shed(s)
Parking: no
Parking Features: None
Pool Features: None
Private Pool: no
Sewer: Other
View: yes
View Type: City Lights

Location

Country: US
Direction Faces: East
MLS Area Major: C16 - Mid Los Angeles

Additional

Additional Parcels: no
Association: no
Co List Agent State License: 01748598
Co List Office State License: 01748598
Days On Market: 57
Disclosures: Rent Control
List Agent State License: 02015987
List Office State License: 01830738
Lot Size Units: Square Feet
New Construction: no
Number Of Units Total: 20
Parcel Number: 5050001013
Property Condition: Updated/Remodeled, Repairs Cosmetic, Repairs Major
Security Features: Gated Community
Senior Community: no

Financial

Cap Rate: 5.4
Gross Multiplier: 12.61
Gross Operating Income: 342393
Net Operating Income: 238168
Rent Control: yes
Special Listing Conditions: Standard
Total Expenses: 104225

Zoning Info


© 2024. 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. Any correspondence from IDX pages are routed to Realty Masters and Associates or one of their associates. Last updated Thursday, March 28th, 2024.

Based on information from CARETS as of Thursday, March 28th, 2024 01:20:37 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including 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.
#IDX-primaryPhoto,#idx-details-header,#IDX-listingMediaLinks
Listed by: JordanPeikin, DRE #02015987 from Clement Partners Real Estate 310-822-7262

Contact - Listing ID 22175291

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

Data services provided by IDX Broker
{"page":"listing","idxID":"d025","listingID":"22175291","extra":"2615-S-Victoria-Avenue-Los-Angeles-CA-90016","type":"detailsContact"}
http://lisadinotogroup.com
details.php
https://homes.lisadinotogroup.com
details