Los Angeles CA  home offered at $2,150,000 

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

 

419 N Stanley Avenue
Los Angeles, California CA 90036-6224
Sold For: $2,070,000
Listing ID: 22199655
Price/SqFt: $399.41
Status: Closed
Sold Date: 12/28/2022
SqFt: 5,383 Sq Ft
Acres: 0.146 Acres
Year Built: 1927

We are pleased to present 419 N Stanley Ave, a 4-unit Spanish-style apartment complex located in the Beverly/Fairfax Historic District, one of the most desired residential neighborhoods in Los Angeles. The 5,383 square foot property was built in 1927 and is comprised of (4) two bed / one bath units, two-up and two-down. The charming property has been under the same ownership for over 60 years and provides large and bright units with hardwood flooring throughout, averaging over 1,300 SQFT each. One of the upstairs units has been recently renovated with a remodeled bathroom, and the rest well-maintained. The property was previously owner-occupied, so one of the downstairs units will be delivered VACANT at sale as well. Many of the building's charming pre-war design elements remain intact, and the windows have been fitted with beautiful wrought iron railings. Additionally, the long driveway leads to four private parking garages in the backyard. Substantial upside in rents provide potential investors and owner-occupiers with an opportunity to add-value to a beautifully constructed asset in the prime Beverly/Fairfax neighborhood.

Primary Features

County: Los Angeles
Price Before Reduction: 2395000
Price Reduction Date: 2022-11-01T18:48:44+00:00
Price/SqFt: 399.41
Property Type: Residential Income
Year Built: 1927
Zoning: LARD1.5

Interior

Cooling: no
Cooling Type: None
Garage Spaces: 4
Heating: yes
Heating Type: Forced Air
Spa: no
Spa Features: None

External

Lot Size Area: 6354
Lot Size Square Feet: 6354
Number Of Buildings: 1
Parking Total: 4
Pool Features: None
Private Pool: no

Location

Country: US
MLS Area Major: C19 - Beverly Center-Miracle Mile

Additional

Association: no
Days On Market: 68
List Agent State License: 01325901
List Office State License: 01972189
Lot Size Units: Square Feet
New Construction: no
Number Of Units Total: 4
Parcel Number: 5527026013
Senior Community: no

Financial

Cap Rate: 3.56
Gross Multiplier: 17.89
Gross Operating Income: 116575
Net Operating Income: 76598
Special Listing Conditions: Standard
Tenant Pays: Gas, Electricity, Water
Total Expenses: 39976
Vacancy Allowance Rate: 1

Zoning Info


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Listed by: DanielWithers, DRE #01325901 from Matthews Real Estate Investment Services 866-889-0550

Contact - Listing ID 22199655

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Lisa DiNoto

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

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