5122 Raleigh Street

    Los Angeles (City), CA 90004
    • $2,435,000
    • STATUS: Active Under Contract
    • ON SITE: 112 days
    • ID#: 18378154
    Under Contract
    UPDATED: 49 min ago
    $2,435,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,200
      SQFT
    • $393
      $/SQFT
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    I am pleased to present for sale, a 10-unit multifamily offering located at 5122 Raleigh St. in Los Angeles. Constructed in 1922, the ~6,200 square foot (5 structure) property is situated on a ~12,419 square foot lot. It's located just East of Larchmont, between Melrose and Beverly and exemplifies classic Hollywood charm.~The building consists of ten 1BD/1BA bungalow style units surrounded by a beautify manicured courtyard that boasts stunning street lamps. ~The tenants benefit from a central location that's minutes from the world famous Hollywood Walk of Fame, Paramount Studios, Los Angeles County Museum of Art, and the LA music scene on Sunset Strip. Los Angeles's improving infrastructure and lack of housing supply, has made it one of the most desired rental markets in the country, rivaling New York City and San Francisco.

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    Based on information from CARETS as of 2018-12-13T17:48:37.597. 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/86778730

    5122 Raleigh Street Los Angeles (City), CA 90004

    • Price: $2,435,000
    • Status: Active Under Contract
    • Updated: 49 min ago
    • ID#: 18378154
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    6,200
    SQFT
    $393
    $/SQFT
    1922
    Built
    Neighborhood:
    Hancock Park-Wilshire (C18)
    County:
    Los Angeles
    Area:
    Hancock Park-Wilshire (C18)
    Property Description
    I am pleased to present for sale, a 10-unit multifamily offering located at 5122 Raleigh St. in Los Angeles. Constructed in 1922, the ~6,200 square foot (5 structure) property is situated on a ~12,419 square foot lot. It's located just East of Larchmont, between Melrose and Beverly and exemplifies classic Hollywood charm.~The building consists of ten 1BD/1BA bungalow style units surrounded by a beautify manicured courtyard that boasts stunning street lamps. ~The tenants benefit from a central location that's minutes from the world famous Hollywood Walk of Fame, Paramount Studios, Los Angeles County Museum of Art, and the LA music scene on Sunset Strip. Los Angeles's improving infrastructure and lack of housing supply, has made it one of the most desired rental markets in the country, rivaling New York City and San Francisco.
    Exterior Features

    Covered Spaces Total 2 Parking Spaces Total 2 Parking Type Garage - Two Door

    Interior Features

    Cooling Type Air Conditioning Heating Fuel Wall Gas Heating Type Wall Gas Interior Features Other Total Floors 1 Unit Furnished01 Unfurnished Unit Furnished02 Partially Unit Furnished03 Partially 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 Bed01 1

    Property Features

    Adjusted Gross Income 164054.00 Assessed Improvement Value 519908.00 Assessed Land Value 954935.00 Cap Rate 4.83 Country United States Of America Expense Total Annual 52361.00 Gross Operating Income 174528.00 Gross Rent Multiplier 13.89 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Public Records Net Operating Income 117093.00 Number Of Buildings 5 Special Conditions Standard Sale Square Footage Source Public Records Unit Monthly Rent01 1409.00 Unit Projected Total Monthly Rent01 17500.00 Unit Total Monthly Rent01 14094.00 Unit Type01 10 Units Total In Complex 10 Zoning Lar3

    Listing provided courtesy of Joshua Luchs DRE#01845545 of Cb Richard Ellis, Inc..


    Based on information from CARETS as of 2018-12-13T17:48:37.597. 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