1906 Cimarron Street

    Los Angeles (City), CA 90018
    • $2,650,000
    • STATUS: Active
    • ON SITE: 155 days
    • ID#: SR18276616
    UPDATED: 36 min ago
    $2,650,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,010
      SQFT
    • $265
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    THE CIMARRON, is comprised of 9 charming apartment units and 3 commercial spaces constructed in the 1920's spread across 2 buildings. Located in the highly desirable Arlington Heights sub market just north of the 10 FWY and less then 5 miles to DTLA. THE CIMARRON, is a wonderful mix-use building with both character and charm in a strong sub market with high rental demand and constant gentrification/new development. Investors can realize both strong in place cash flow (11.68 GRM and 6.03% CAP) and continued rental upside through additional unit renovations.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-24T10:31:09.51. 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/89529985

    1906 Cimarron Street Los Angeles (City), CA 90018

    • Price: $2,650,000
    • Status: Active
    • Updated: 36 min ago
    • ID#: SR18276616
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    10,010
    SQFT
    $265
    $/SQFT
    1923
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    THE CIMARRON, is comprised of 9 charming apartment units and 3 commercial spaces constructed in the 1920's spread across 2 buildings. Located in the highly desirable Arlington Heights sub market just north of the 10 FWY and less then 5 miles to DTLA. THE CIMARRON, is a wonderful mix-use building with both character and charm in a strong sub market with high rental demand and constant gentrification/new development. Investors can realize both strong in place cash flow (11.68 GRM and 6.03% CAP) and continued rental upside through additional unit renovations.
    Exterior Features

    Garage Spaces 4.00 Lot Features Corner Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Individual Room

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Street Lights Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 226938.00 Gross Scheduled Income 226938.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 157873.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 14 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Operating Expense 62256.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 62256.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lac2

    Listing provided courtesy of Jared Levine of Keller Williams Realty Calabasas


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-24T10:31:09.51. 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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