727 W 74th Street,  Los Angeles CA, 90044 (Residential Income)

3,808 sqft
Status: Sold
MLS#: PW15130670
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Last Updated: 12/5/2016 11:13 PM
Description for 727 W 74th Street Los Angeles, CA 90044
The subject property is a nine unit apartment building that is composed of three single-story structures of wood-frame/stucco construction aligned in a courtyard-type setting. The property has been completely rehabbed, and all units are in rent-ready condition. A new owner will be able to select their own tenants for this building and will be able to do so at prevailing market rents. This building is subject to rent control. The unit mix at this property consists of eight studio units and the one stand-alone two-bedroom/one-bath unit in the rear. The studio units have a spacious feel to them and are designed to have a separate kitchen area and a separate bathroom. Additionally, each unit features new laminate flooring, brand new interior and exterior paint and new kitchenettes. Gas, electricity and water are separately metered, and each unit has its own individual water heater. The seller will provide financing for this property through an affiliate of theirs. This loan will be at 80 percent loan to value with a term of one year and a rate of nine-and-one-half percent interest only.
Price
Sold Price:
$875,000
Sold Date:07/31/2015
Los Angeles
3,808 (approx)
PW15130670
Closed
Description
The subject property is a nine unit apartment building that is composed of three single-story structures of wood-frame/stucco construction aligned in a courtyard-type setting. The property has been completely rehabbed, and all units are in rent-ready condition. A new owner will be able to select their own tenants for this building and will be able to do so at prevailing market rents. This building is subject to rent control. The unit mix at this property consists of eight studio units and the one stand-alone two-bedroom/one-bath unit in the rear. The studio units have a spacious feel to them and are designed to have a separate kitchen area and a separate bathroom. Additionally, each unit features new laminate flooring, brand new interior and exterior paint and new kitchenettes. Gas, electricity and water are separately metered, and each unit has its own individual water heater. The seller will provide financing for this property through an affiliate of theirs. This loan will be at 80 percent loan to value with a term of one year and a rate of nine-and-one-half percent interest only.
Listing Information
Property Type: Cluster, 1 Story
0.16 Acres 7,005 sq.ft. 3,808 (approx)
1928 1
Public Water Service
Sewer at Street
9 Total
Neighborhood
Room Information
No Laundry Facility
Exterior / Lot Features
4 Parking Spaces
None
No Pool
Sidewalks
Financial Considerations
6020026021
$88,200 Income ,$30,000Expense
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90044 has a population of 3,804,503.

The median household income in Los Angeles, California 90044 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 90044 is 34.1 years.

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Courtesy: Marcus & Millichap Matthew Wenzel
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