1632 S Bronson Avenue,  Los Angeles CA, 90019 (Residential Income)

3,851 sqft
Status: Pending
MLS#: 16164094
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Last Updated: 12/2/2016 6:43 PM
Description for 1632 S Bronson Avenue Los Angeles, CA 90019
We are pleased to offer for sale a 4-unit apartment community located at 1632 South Bronson Avenue. Positioned just south of Venice Boulevard, the property is located in the heart of Mid-City. The offering represents a unique buying opportunity to acquire an apartment building with 50 percent of the units being delivered vacant at close of escrow.The property consists of one building totaling 3,851 square feet. The unit mix is comprised of 100% large two-bedroom units. Due to its 1947 construction, the property is subject to Los Angeles rent control statutes. The subject property allows an investor to acquire a 1940's vintage apartment asset in a desirable location. An astute investor will be able to immediately implement a thorough renovation program and take advantage of the upside in rental income.
Price
$1,095,000
Los Angeles
3,851 (approx)
16164094
Pending
Description
We are pleased to offer for sale a 4-unit apartment community located at 1632 South Bronson Avenue. Positioned just south of Venice Boulevard, the property is located in the heart of Mid-City. The offering represents a unique buying opportunity to acquire an apartment building with 50 percent of the units being delivered vacant at close of escrow.The property consists of one building totaling 3,851 square feet. The unit mix is comprised of 100% large two-bedroom units. Due to its 1947 construction, the property is subject to Los Angeles rent control statutes. The subject property allows an investor to acquire a 1940's vintage apartment asset in a desirable location. An astute investor will be able to immediately implement a thorough renovation program and take advantage of the upside in rental income.
Listing Information
Property Type: Cluster, Other
0.14 Acres 647,800 sq.ft. 3,851 (approx)
$284.34 1947
4 Total
Neighborhood
Room Information
Exterior / Lot Features
LARD2
Driving Directions
South of Venice Boulevard
Financial Considerations
5072010047
,$16,977
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90019 has a population of 3,804,503.

The median household income in Los Angeles, California 90019 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90019 is 34.1 years.

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Courtesy: Marcus & Millichap Sean Rosenzweig
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Information is deemed reliable but is not guaranteed.

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