Condominio for Køb i Parque Leimert, California

Here is a great opportunity to own a right size 14-unit apartment, which is large but not subject to having a resident manager. It is located on the east side of Arlington Heights, only 3 miles from Downtown LA. All 14 units are 2-beds/1-bath with 14 on-site parking spaces. Total building sqft is 9,916 on a large 13,157sf lot. While hot and cold water and trash service is provided by the owner, each unit has its own electric and gas meters. The coin laundry service will provide additional small income. Currently fully occupied by good paying, stable tenants, 11 of whom have been for more than 10 years. The current CAP is just over 4.0%; however, the current rents seem to be well below the market rate. Do your own estimate of possible rent amounts under the LA rent control. The water main pipes from the meter to the buildings were replaced with copper pipe, and the flat roofs were replaced with ridged ones in 2015; the hallway decks were replaced in 2020. In 2020 Seismic Retrofit as per the City of LA was made and inspected/approved by the City. MLS® ID: PV21175047 Listed: 8/11/21 Updated: 10/17/22 Interior Features Kitchen Appliances: Gas Cooktop, Disposal, Gas Oven Total Bedrooms: 0 Total Bathrooms: 0 Laundry Description: Common Area Fireplace: None Heating: Wall Furnace Exterior/Building Features Lot Size: 0.3 acres lot Sewer: Public Sewer Other Property Details Area Name: C16 - Mid Los Angeles HOA Amenities: Sidewalks, Urban Garage: No Parking Total: 14.0 County: Los Angeles Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected Water Source: Public Pool: No Pool Description: None Total Stories: 2 Zoning: LAR3 Courtesy of Rockyfield, Y. Iwata, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/17/22. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.