2315 W 54th St Los Angeles, CA 90043

$4,300,000
Los Angeles, CA   90043
0 Beds, 0.0 Baths, 0 sq ft, 11,511 sq ft lot, Built in 1993
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0 Beds,
0.0 Baths,
0 sq ft,
11,511 sq ft lot
Built in 1993

Description

MLS# SR19011756

Acquire a turnkey high quality asset in the rapidly changing sub market of Los Angeles Park Mesa Heights. This neighborhood is situated between Inglewood's new Rams Stadium development project and DTLA. This property is also close by to the proposed mixed use Baldwin Hills Crenshaw Mall project at the Crenshaw / Expo station. All 14 town-home units are 3 bedrooms and 1.5 bathrooms with 2 bedrooms and full bathroom on 2nd floor and 1 bedroom with half bath and open floor plan kitchen / living room on 1st floor. Compact floor plan of 900 sf is perfect for roommates and families. Most units have been raised to $2,250 per month and potential exists to go to $2,500 per month. Subterranean parking accommodates 30 cars in tandem arrangements and property comes with onsite laundry and storage facilities. Key code access pedestrian gates on West 54th Street and remote opening parking gate through alley provide tenants with the peace and security that they desire. Perfect up-leg for 1031 exchange buyers or buyers looking for a well located high quality asset that will produce stable cash flow. There may be potential to convert townhomes to condiminiums, Buyer to do their own due diligence. Seller's bank loan of $2,515,000 at 4.65% interest rate is potentially assumable for qualified buyers subject to Opus Bank conditions. Property is not subject to Los Angeles rent control ordinance as it was constructed in 1993. Listed by Logan Altman, Altman Apartments Llc.

Description

MLS# SR19011756

Acquire a turnkey high quality asset in the rapidly changing sub market of Los Angeles Park Mesa Heights. This neighborhood is situated between Inglewood's new Rams Stadium development project and DTLA. This property is also close by to the proposed mixed use Baldwin Hills Crenshaw Mall project at the Crenshaw / Expo station. All 14 town-home units are 3 bedrooms and 1.5 bathrooms with 2 bedrooms and full bathroom on 2nd floor and 1 bedroom with half bath and open floor plan kitchen / living room on 1st floor. Compact floor plan of 900 sf is perfect for roommates and families. Most units have been raised to $2,250 per month and potential exists to go to $2,500 per month. Subterranean parking accommodates 30 cars in tandem arrangements and property comes with onsite laundry and storage facilities. Key code access pedestrian gates on West 54th Street and remote opening parking gate through alley provide tenants with the peace and security that they desire. Perfect up-leg for 1031 exchange buyers or buyers looking for a well located high quality asset that will produce stable cash flow. There may be potential to convert townhomes to condiminiums, Buyer to do their own due diligence. Seller's bank loan of $2,515,000 at 4.65% interest rate is potentially assumable for qualified buyers subject to Opus Bank conditions. Property is not subject to Los Angeles rent control ordinance as it was constructed in 1993. Listed by Logan Altman, Altman Apartments Llc.

Area
AREA: C37 - Metropolitan South
COUNTY: LA
Building Info
COOLING: Central
HEATING: Central Furnace
LAUNDRY: Community
Exterior Features
SECURITY: Automatic Gate, Carbon Monoxide Detector(s), Card/Code Access, Closed Circuit TV, Fire and Smoke Detection System, Gated Community, Smoke Detector, Window Bars
FENCING: Wrought Iron
LOT: Lot 10000-19999 Sqft, Near Public Transit
CONSTRUCTION: Frame, Stucco
Garage & Parking
PARKING SPACES: 30.00
CARPORT SPACES: 30.00
Land
WATER: Public
ZONE: C2
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