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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$2,495,000

Est. payment - /mo

4,408 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25101612

HOA Y/N No

Year Built 1963

Annual Tax Amount $25,327

Tax Year 2024

Lot Size 4,408 Sqft

Property Sub-Type Multi Family

Property Description

7 unit apartment building located in the heart of the Sawtelle neighborhood of West Los Angeles with easy access to freeways, UCLA and Santa Monica College. Fully rented with quality tenants. Building was originally built as a duplex in the 1940s, then upgraded to a 5 units in the 1960s and converted to a 7 unit building in 2023. Great unit mix with 9 tandem parking spaces, laundry room on site. Low maintenance and upgraded in 2014 to conform with the City of Los Angeles soft story earthquake retrofit standards. There is an existing five year $900K mortgage at approximately 3% APR assumable subject to lender fees and qualifications and is fixed through September 2026. Please do not walk onto the property or disturb occupants. Showings on accepted offer only. Please call management office for information, BUT please download and read Offering Memorandum attached in the supplemental information area of listing before asking for it again. Buyer to cooperate with Seller's 1031 exchange.

Location

State CA

County Los Angeles

Area Wla - West Los Angeles

Interior

Heating Forced Air, Floor Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 3

Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Roof Type Flat,Flat Tile

Present Use Multi-Family

Total Parking Spaces 9

Building

Lot Description Near Public Transit

Story 2

Water Public

Others

Tax ID 4261017015

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

Read Less Info

Listed by Orlando Cruz • Brightstone Estate Properties • 818-430-4210

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1750 Purdue AVE Los Angeles, CA 90025