8515 Alcott Street

    Los Angeles (City), CA 90035
    • $4,395,000
    • STATUS: Active
    • ON SITE: 107 days
    • ID#: 18405236
    UPDATED: 40 min ago
    $4,395,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,602
      SQFT
    • $511
      $/SQFT
    Type:
    Multi-Family
    Built:
    1989
    County:

    School Ratings & Info

    Description

    BRC Advisors is pleased to present for sale a beautifully renovated seven-unit non-rent-controlled apartment building located in the Pico/Robertson submarket of Los Angeles. Built in 1989, the property has a unit mix of seven large two-bedroom units and a three-bedroom unit. Additionally, there are two parking spaces per unit in the subterranean garage. There are also a couple of Cell Towers with Sprint and T-Mobile that generate SIGNIFICANT additional income. This is a great long term hold or value add opportunity for a hands-on buyer. Existing Loan w/ Chase can be assumed - UPB: ~$2,050,000 with SIGNIFICANTLY BELOW MARKET INTEREST RATE OF 3.86% FIXED thru 03.01.23

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-23T20:39:27.957. 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/89233996

    8515 Alcott Street Los Angeles (City), CA 90035

    • Price: $4,395,000
    • Status: Active
    • Updated: 40 min ago
    • ID#: 18405236
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    8,602
    SQFT
    $511
    $/SQFT
    1989
    Built
    Neighborhood:
    C09 - Beverlywood Vicinity
    County:
    Los Angeles
    Area:
    C09 - Beverlywood Vicinity
    Property Description
    BRC Advisors is pleased to present for sale a beautifully renovated seven-unit non-rent-controlled apartment building located in the Pico/Robertson submarket of Los Angeles. Built in 1989, the property has a unit mix of seven large two-bedroom units and a three-bedroom unit. Additionally, there are two parking spaces per unit in the subterranean garage. There are also a couple of Cell Towers with Sprint and T-Mobile that generate SIGNIFICANT additional income. This is a great long term hold or value add opportunity for a hands-on buyer. Existing Loan w/ Chase can be assumed - UPB: ~$2,050,000 with SIGNIFICANTLY BELOW MARKET INTEREST RATE OF 3.86% FIXED thru 03.01.23
    Exterior Features

    Lot Size Units Square Feet Parking Features Subterranean Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 4.40 Gross Multiplier 15.20 Gross Operating Income 289001.00 Improvements Amount 712964 Land Value 1584368 Laundry YN Yes Net Operating Income 192214.00 Special Listing Conditions Standard Total Expenses 88207.00 Zoning Lar3

    Listing provided courtesy of Ardy Ishal of Brc Advisors- Bh


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-23T20:39:27.957. 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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