922 W 23RD Street

    Los Angeles (City), CA 90007
    • $9,500,000
    • STATUS: Active
    • ON SITE: 73 days
    • ID#: 18414444
    UPDATED: 199 min ago
    $9,500,000
    • 0
      BEDS
    • 0.46
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 21,128
      SQFT
    • $450
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2007
    County:

    School Ratings & Info

    Description

    The subject property is NON - RENT CONTROL 2007 built in townhouse/loft style student housing complex located just a short distance from University of Southern California (USC) campus. Located in a Los Angeles (HPOZ), the complex consists of fifteen apartment units in two separate buildings. The first building is a historic single-story brick building with loft spaces. Originally constructed in 1921, this building has been reinforced and upgraded in compliance with the latest city codes and regulations renovated 2007. The second building is a three-story stucco building over a grade parking garage on a concrete slab foundation. The parking 32 subterranean covered spaces. Students benefit from USC Department of Public Safety (DPS) patrol, USC Cruiser Campus Service and a USC operated campus tram with a stop located outside of the building. All units are individually metered for gas and electricity.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-22T01:01:56.25. 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/89995555

    922 W 23RD Street Los Angeles (City), CA 90007

    • Price: $9,500,000
    • Status: Active
    • Updated: 199 min ago
    • ID#: 18414444
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.46
    Acres
    21,128
    SQFT
    $450
    $/SQFT
    2007
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    The subject property is NON - RENT CONTROL 2007 built in townhouse/loft style student housing complex located just a short distance from University of Southern California (USC) campus. Located in a Los Angeles (HPOZ), the complex consists of fifteen apartment units in two separate buildings. The first building is a historic single-story brick building with loft spaces. Originally constructed in 1921, this building has been reinforced and upgraded in compliance with the latest city codes and regulations renovated 2007. The second building is a three-story stucco building over a grade parking garage on a concrete slab foundation. The parking 32 subterranean covered spaces. Students benefit from USC Department of Public Safety (DPS) patrol, USC Cruiser Campus Service and a USC operated campus tram with a stop located outside of the building. All units are individually metered for gas and electricity.
    Exterior Features

    Garage Spaces 32.00 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Converted GarageAssignedControlled EntranceParking SpaceSide By SideCommunity GarageCovered Parking Parking Total 32.00 Parking YN Yes Pool Features None Pool Private YN No

    Interior Features

    Appliances Garbage DisposalTankless Water HeaterRefrigeratorDishwasher Appliances YN Yes Cooling Central Cooling YN Yes Laundry Features Community

    Property Features

    Association Amenities Controlled AccessBiking Trails Association YN Yes Cap Rate 3.90 Gross Multiplier 17.10 Gross Operating Income 555517.00 Land Lease Amount Frequency Annually Land Lease YN No Laundry YN Yes Net Operating Income 370599.00 Number Of Separate Electric Meters 16 Number Of Separate Gas Meters 16 Number Of Separate Water Meters 1 Number Of Units Leased 15 Number With Dishwasher 15 Number With Disposal 15 Number With Range 15 Number With Refrigerator 15 Security Features Fire SprinklersFire And Smoke Detection SystemAutomatic Gate Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 184918.00 Zoning Lard1.5

    Listing provided courtesy of Robert Kim of Premier Realty Group and Peter Yoonki Min of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-22T01:01:56.25. 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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