1277 W 23RD Street

    Los Angeles (City), CA 90007
    • $2,200,000
    • STATUS: Active Under Contract
    • ON SITE: 80 days
    • ID#: 18388906
    Under Contract
    UPDATED: 42 min ago
    $2,200,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,370
      SQFT
    • $503
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    ACTUAL 5.6% CAP RATE! 16% UPSIDE IN RENTS! 30% DOWN PAYMENT! Recession-Proof USC Student Housing. Everything is NEW - Easy Management & Low Maintenance. Turn-Key Property with - All New Copper Plumbing & Drains - Upgraded Electrical System - All New Interiors with Laminate Hardwood Flooring & Recessed Lighting - All New Kitchens with Quartz Counters & Stainless Appliances - All New Bathrooms & Fixtures - All New Milgard Windows. All work completed with permits & approved architectural plans. 100% Occupied - Individual Unit Leases with Parent Guarantees. Located inside USC DPS Patrol Zone. 5 Minute Bike Ride to Campus.

    Monthly Payment Calculator



    Based on information from CARETS as of 2018-12-11T17:51:30.993. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.scvnest.com/homes/87811443

    1277 W 23RD Street Los Angeles (City), CA 90007

    • Price: $2,200,000
    • Status: Active Under Contract
    • Updated: 42 min ago
    • ID#: 18388906
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    4,370
    SQFT
    $503
    $/SQFT
    1964
    Built
    Neighborhood:
    Mid Los Angeles (C16)
    County:
    Los Angeles
    Area:
    Mid Los Angeles (C16)
    Property Description
    ACTUAL 5.6% CAP RATE! 16% UPSIDE IN RENTS! 30% DOWN PAYMENT! Recession-Proof USC Student Housing. Everything is NEW - Easy Management & Low Maintenance. Turn-Key Property with - All New Copper Plumbing & Drains - Upgraded Electrical System - All New Interiors with Laminate Hardwood Flooring & Recessed Lighting - All New Kitchens with Quartz Counters & Stainless Appliances - All New Bathrooms & Fixtures - All New Milgard Windows. All work completed with permits & approved architectural plans. 100% Occupied - Individual Unit Leases with Parent Guarantees. Located inside USC DPS Patrol Zone. 5 Minute Bike Ride to Campus.
    Exterior Features

    Covered Spaces Total 6 Parking Spaces Total 6 Parking Type Carport Attached

    Interior Features

    Appliances Refrigerator Cooling Type Air Conditioning Heating Type Other Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bed01 2 Unit Number Of Bed02 2 Unit Number Of Bed03 3 Water Heaters YN N

    Property Features

    Adjusted Gross Income 122455.00 Assessed Improvement Value 87214.00 Assessed Land Value 25929.00 Cap Rate 5.57 Country United States Of America Expense Cable TV 2156.00 Expense Gardener 1200.00 Expense Insurance 2834.00 Expense Maintenance 4800.00 Expense Tax 27416.00 Expense Total Annual 55290.00 Expense Trash 2640.00 Expense Water 4800.00 Garage Income 3600.00 Gross Operating Income 176412.00 Gross Rent Multiplier 12.47 Hoa YN N Laundry Income 1200.0 Legal Disclosures Take Property As IsRent Control Lot Size Source Public Records Net Operating Income 122455.00 Number Of Buildings 1 Other Income1 600.0 Special Conditions Standard Sale Square Footage Source Public Records Unit Monthly Rent01 851.04 Unit Monthly Rent02 2200.00 Unit Monthly Rent03 3150.00 Unit Projected Total Monthly Rent01 3150.00 Unit Projected Total Monthly Rent02 2200.00 Unit Projected Total Monthly Rent03 3150.00 Unit Total Monthly Rent01 851.04 Unit Total Monthly Rent02 4400.00 Unit Total Monthly Rent03 9450.00 Unit Type01 1 Unit Type02 2 Unit Type03 3 Units Total In Complex 6 Zoning Lard2

    Listing provided courtesy of Peter Strauss DRE#01335696 of Iconic Investments.


    Based on information from CARETS as of 2018-12-11T17:51:30.993. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
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