2460 Eastern Avenue, Los Angeles, CA 90032
  • MLS#: IV25122754 ( Apartment )
  • Street Address: 2460 Eastern Avenue
  • Viewed: 2
  • Price: $2,550,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 0
  • Days On Market: 5
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90032
  • Provided by: KELLER WILLIAMS RIVERSIDE CENT
  • Contact: RACHAEL RACHAEL
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Investors Dream in Prime Location Fully Occupied 14 Unit Multifamily Complex. Dont miss this exceptional opportunity to own a 14 unit apartment complex about 15 minutes from Downtown Los Angeles! Situated on a generous 13,563 sq ft lot, this income producing property offers immediate cash flow with 100% occupancy and strong rental upside. Each unit features 2 bedrooms and 1 bathroom, with separate electric and gas meters for tenant convenience and operational efficiency. The property includes 14 individual on site parking spaces, a rare and valuable amenity in the area. Additional features include on site owned laundry facilities and a dedicated storage roomboth increasing tenant satisfaction and revenue potential. Four of the units have been fully remodeled, offering modern finishes and increasing market appeal. The property is ideally located near major freeways, public transportation, shops, restaurants, and schoolsmaking it highly desirable for tenants. Whether you're expanding your portfolio or seeking a 1031 exchange opportunity, this property checks all the boxes for long term value and immediate return.
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 11570.00
Carport Spaces
  1. 6.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Current Financing
  1. Conventional
Entry Location
  1. front
Fireplace Features
  1. None
Fuel Expense
  1. 3749.00
Garage Rental Rate
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 4286.00
Laundry Equipment Own Lease
  1. Own
Laundry Features
  1. Community
Laundry Income
  1. 5245.00
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. Corner Lot
Netoperatingincome
  1. 161391.00
Newtaxesexpense
  1. 22219.00
Number Of Separate Electric Meters
  1. 14
Number Of Separate Gas Meters
  1. 14
Parcel Number
  1. 5216008018
Parking Features
  1. Assigned
  2. On Site
Pest Control Expense
  1. 600.00
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 439987861:CRM
Tenant Pays
  1. Electricity
  2. Gas
Totalexpenses
  1. 62374.00
Trash Expense
  1. 6988.00
Uncovered Spaces
  1. 8.00
Utilities
  1. Electricity Available
  2. Sewer Available
  3. Water Available
Water Sewer Expense
  1. 16938.00
Water Source
  1. Public
Year Built
  1. 1964
Year Built Source
  1. Assessor
Zoning
  1. LARD5