3633 Mentone Avenue

    Los Angeles (City), CA 90034
    • $7,000,000
    • STATUS: Active Under Contract
    • ON SITE: 59 days
    • ID#: 18396790
    Under Contract
    UPDATED: 103 min ago
    $7,000,000
    • 0
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 16,900
      SQFT
    • $414
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1975
    County:

    School Ratings & Info

    Description

    ASSUME 3.73% FIXED RATED LOAN $3,210,000. RATE FIXED TO 10/1/2023. LOAN ROLLS TO ADJUSTABLE AFTER FIXED PERIOD AT 6-MONTH LIBOR + 2.25. $3,790,000 CASH TO EXISTING LOAN. NO SELLER FINANCING AVAILABLE. SELLER COMPLETED SOFT STORY RETRO FIT. BUYER MAY BENEFIT FROM CAPITAL IMPROVEMENT RENT INCREASES ON 13 OF 18 FOR SOFT STORY RETROFIT. BUYER MUST VERIFY ELIGIBILITY WITH LAC RENT STABILIZATION BOARD.

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    Based on information from CARETS as of 2018-12-13T23:47:16.563. 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/88482888

    3633 Mentone Avenue Los Angeles (City), CA 90034

    • Price: $7,000,000
    • Status: Active Under Contract
    • Updated: 103 min ago
    • ID#: 18396790
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    16,900
    SQFT
    $414
    $/SQFT
    1975
    Built
    Neighborhood:
    Palms - Mar Vista (C13)
    County:
    Los Angeles
    Area:
    Palms - Mar Vista (C13)
    Property Description
    ASSUME 3.73% FIXED RATED LOAN $3,210,000. RATE FIXED TO 10/1/2023. LOAN ROLLS TO ADJUSTABLE AFTER FIXED PERIOD AT 6-MONTH LIBOR + 2.25. $3,790,000 CASH TO EXISTING LOAN. NO SELLER FINANCING AVAILABLE. SELLER COMPLETED SOFT STORY RETRO FIT. BUYER MAY BENEFIT FROM CAPITAL IMPROVEMENT RENT INCREASES ON 13 OF 18 FOR SOFT STORY RETROFIT. BUYER MUST VERIFY ELIGIBILITY WITH LAC RENT STABILIZATION BOARD.
    Exterior Features

    Building Structure Style Architectural Covered Spaces Total 32 Number Patio 12 Number Rented Garages 0 Open Other Spaces Total 32 Other Structural Features Balcony Parking Spaces Total 32 Parking Type AssignedTandem Paved YN Y

    Interior Features

    Appliances DishwasherGarbage DisposalRefrigerator Cooking Appliances MicrowaveRange Cooling Type Wall Unit(S) Heating Fuel Wall Gas Heating Type FireplaceWall Gas Laundry Locations Laundry Area Number Dishwasher 18 Number Disposal 18 Number Range 18 Number Refrigerator 18 Number Wall AC 18 Rooms Atrium Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished 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 2.0 Unit Number Of Bath04 2.0 Unit Number Of Bed01 1 Unit Number Of Bed02 2 Unit Number Of Bed03 2 Unit Number Of Bed04 3

    Property Features

    Adjusted Gross Income 423216.00 Assessed Improvement Value 2600000.00 Assessed Land Value 3900000.00 Assessed Total Value 6500000.00 Cap Rate 0.04 Country United States Of America Expense Electric 1764.00 Expense Elevator 0.00 Expense Gardener 2292.00 Expense Gas 2304.00 Expense Insurance 7150.00 Expense Licenses 2316.00 Expense Maintenance 16929.00 Expense Management 12355.00 Expense Manager 2400.00 Expense Operating 7788.00 Expense Pest 1320.00 Expense Pool 0.00 Expense Tax 84428.00 Expense Total Annual 156765.00 Expense Trash 7080.00 Expense Water 8412.00 Expense Workers Compensation 228.00 Garage Income 0.00 Gross Operating Income 411820.00 Gross Rent Multiplier 16.54 Gross Scheduled Income 423216.00 Hoa YN N Land Lease Type Fee Laundry Income 1300.0 Legal Disclosures Rent Control Lot Size Source Public Records Management Company Name Weatherby RealtyInc. Monthly Gross Income 35268.00 Net Operating Income 255054.00 Number Electric Meters 18 Number Gas Meters 18 Number Leased 5 Number Of Buildings 1 Number Water Meters 0 Owner Pays Water Private Transfer Taxes YN N Special Conditions Standard Sale Square Footage Source Public Records Tax New 84428.00 Tax Percent 1.2 Tenant Pays Cable TvElectricity Unit Monthly Rent01 1925.00 Unit Projected Total Monthly Rent01 15400.00 Unit Projected Total Monthly Rent02 5200.00 Unit Projected Total Monthly Rent03 17000.00 Unit Projected Total Monthly Rent04 7000.00 Unit Total Monthly Rent01 11714.00 Unit Total Monthly Rent02 4532.00 Unit Total Monthly Rent03 12423.00 Unit Total Monthly Rent04 6599.00 Unit Type01 8 Unit Type02 2 Unit Type03 6 Unit Type04 2 Units Total In Complex 18 Zoning Lar3

    Listing provided courtesy of William Weatherby DRE#01921668 of Weatherby Realty.


    Based on information from CARETS as of 2018-12-13T23:47:16.563. 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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