425 S Detroit Street

    Los Angeles (City), CA 90036
    • $9,395,000
    • STATUS: Active Under Contract
    • ON SITE: 89 days
    • ID#: 18388298
    Under Contract
    UPDATED: 52 min ago
    $9,395,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 20,272
      SQFT
    • $463
      $/SQFT
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Ratings & Info

    Description

    We are pleased to present an iconic 1920s 4-story apartment building in the historic Hancock Park/Fairfax District of LA, walking distance to the Grove. This outstanding trophy property is tucked against the celebrity saturated Access Hollywood stage, between Paramount Pictures and CBS Studios. With zero rent control restrictions, this 24 unit building is likely to enhance the returns of any investor for years to come. The beautifully remodeled units feature hardwood floors, ceramic tile, granite countertops, new windows, new appliances, & exposed brick both inside and out. Multi-million-dollar historic houses surround this showpiece with some of the city's most popular attractions only steps away; Los Angeles County Museum of Art, The Original Farmers Market, El Rey Theater, Melrose Trading Post, in addition to the historic heart of Hollywood itself.

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    Based on information from CARETS as of 2018-12-19T08:43:57.783. 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/87735798

    425 S Detroit Street Los Angeles (City), CA 90036

    • Price: $9,395,000
    • Status: Active Under Contract
    • Updated: 52 min ago
    • ID#: 18388298
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    20,272
    SQFT
    $463
    $/SQFT
    1928
    Built
    Neighborhood:
    Beverly Center-Miracle Mile (C19)
    County:
    Los Angeles
    Area:
    Beverly Center-Miracle Mile (C19)
    Property Description
    We are pleased to present an iconic 1920s 4-story apartment building in the historic Hancock Park/Fairfax District of LA, walking distance to the Grove. This outstanding trophy property is tucked against the celebrity saturated Access Hollywood stage, between Paramount Pictures and CBS Studios. With zero rent control restrictions, this 24 unit building is likely to enhance the returns of any investor for years to come. The beautifully remodeled units feature hardwood floors, ceramic tile, granite countertops, new windows, new appliances, & exposed brick both inside and out. Multi-million-dollar historic houses surround this showpiece with some of the city's most popular attractions only steps away; Los Angeles County Museum of Art, The Original Farmers Market, El Rey Theater, Melrose Trading Post, in addition to the historic heart of Hollywood itself.
    Exterior Features

    Parking Spaces Total 0 Parking Type Other

    Interior Features

    Appliances DryerWasher Cooling Type Other Heating Fuel Wall Gas Heating Type Wall Gas Total Floors 4 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 1.0 Unit Number Of Bath04 1.0 Unit Number Of Bed01 1 Unit Number Of Bed02 1 Unit Number Of Bed03 1 Unit Number Of Bed04 1

    Property Features

    Adjusted Gross Income 521329.00 Assessed Improvement Value 1958400.00 Assessed Land Value 4569600.00 Country United States Of America Expense Total Annual 163596.00 Gross Operating Income 520064.00 Gross Rent Multiplier 17.62 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Landlord/Lessor/Seller Net Operating Income 375776.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Title Company Unit Monthly Rent01 1761.00 Unit Monthly Rent02 2095.00 Unit Monthly Rent03 1819.00 Unit Monthly Rent04 2100.00 Unit Projected Total Monthly Rent01 15620.00 Unit Projected Total Monthly Rent02 2250.00 Unit Projected Total Monthly Rent03 23650.00 Unit Projected Total Monthly Rent04 6300.00 Unit Total Monthly Rent01 12330.00 Unit Total Monthly Rent02 2095.00 Unit Total Monthly Rent03 27585.00 Unit Total Monthly Rent04 6140.00 Unit Type01 7 Unit Type02 1 Unit Type03 13 Unit Type04 3 Units Total In Complex 24 Zoning Lar4

    Listing provided courtesy of Joshua Ross DRE#01918715 of Marcus & Millichap.


    Based on information from CARETS as of 2018-12-19T08:43:57.783. 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.
     
    RE/MAX of Santa Clarita
    25101 The Old Road
    Santa Clarita CA, 91381