11959 Gorham Avenue

    Los Angeles (City), CA 90049
    • $7,650,000
    • STATUS: Active
    • ON SITE: 35 days
    • ID#: 19424918
    UPDATED: 31 min ago
    $7,650,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,272
      SQFT
    • $576
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    11959 Gorham Avenue is an extremely rare opportunity to acquire a prestigious pride of ownership asset in one of the best rental locations in Brentwood.++G++G+- A mid-century modern design building built as a luxury property in 1959 , six out of the nine units are NOT subject to rent control via luxury exemption, allowing for significant and immediate rental upside.++G++G+- This very well maintained and upgraded property boasts an ideal unit mix consisting of 1, 2, 3 and 4 bedroom units, some with great views of the Los Angeles skyline. All of the units are extremely spacious, have a terrific floor plan, and offer an abundance of natural light.++G++G+- ++G++G+-Prestigious 11959 Gorham Avenue also has a great assumable loan with an approximate balance of $4,120,000, interest only until August 15th, 2019 at an interest rate of only 3.25%. The interest rate remains fixed until August 15th, 2021.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-23T16:39:39.033. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/91012152

    11959 Gorham Avenue Los Angeles (City), CA 90049

    • Price: $7,650,000
    • Status: Active
    • Updated: 31 min ago
    • ID#: 19424918
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    13,272
    SQFT
    $576
    $/SQFT
    1959
    Built
    Neighborhood:
    C06 - Brentwood
    County:
    Los Angeles
    Area:
    C06 - Brentwood
    Property Description
    11959 Gorham Avenue is an extremely rare opportunity to acquire a prestigious pride of ownership asset in one of the best rental locations in Brentwood.++G++G+- A mid-century modern design building built as a luxury property in 1959 , six out of the nine units are NOT subject to rent control via luxury exemption, allowing for significant and immediate rental upside.++G++G+- This very well maintained and upgraded property boasts an ideal unit mix consisting of 1, 2, 3 and 4 bedroom units, some with great views of the Los Angeles skyline. All of the units are extremely spacious, have a terrific floor plan, and offer an abundance of natural light.++G++G+- ++G++G+-Prestigious 11959 Gorham Avenue also has a great assumable loan with an approximate balance of $4,120,000, interest only until August 15th, 2019 at an interest rate of only 3.25%. The interest rate remains fixed until August 15th, 2021.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedCarportCarport Attached Parking YN Yes

    Interior Features

    Appliances RefrigeratorDishwasher Appliances YN Yes Cooling Central Cooling YN Yes Interior Features Elevator Laundry Features See Remarks

    Property Features

    Cap Rate 3.55 Gross Multiplier 18.13 Gross Operating Income 409216.00 Improvements Amount 1938000 Land Value 2907000 Laundry YN Yes Net Operating Income 271296.00 Special Listing Conditions Standard Total Expenses 137920.00 Zoning Lar3

    Listing provided courtesy of Jonathan Taksa of Remax Commercial And Investmen


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-23T16:39:39.033. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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