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$999,999
Est. payment /mo
3 Beds
2 Baths
5,946 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25071711
Bedrooms 3
HOA Y/N No
Lot Size 5,946 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
145 E Avenue 35 is a 7-unit apartment building located in the neighborhood of Montecito Heights. The property is a short drive to the Heritage Square Museum and is in close proximity to the Metro Gold Line station. The unit mix includes seven (7) one-bedroom spread across 3,778 rentable square feet. The property was built in 1908 and is separately metered for gas and electricity and offers approximately 63% upside in rents. While the units have been kept in good condition over multiple decades, there is an opportunity to capture over 50% upside in rents as units turnover and modernize the units.
145 E Avenue 35 is a 7-unit apartment building located in the neighborhood of Montecito Heights. The property is a short drive to the Heritage Square Museum and is in close proximity to the Metro Gold Line station. The unit mix includes seven (7) one-bedroom spread across 3,778 rentable square feet. The property was built in 1908 and is separately metered for gas and electricity and offers approximately 63% upside in rents. While the units have been kept in good condition over multiple decades, there is an opportunity to capture over 50% upside in rents as units turnover and modernize the units.
145 E Avenue 35 is a 7-unit apartment building located in the neighborhood of Montecito Heights. The property is a short drive to the Heritage Square Museum and is in close proximity to the Metro Gold Line station. The unit mix includes seven (7) one-bedroom spread across 3,778 rentable square feet. The property was built in 1908 and is separately metered for gas and electricity and offers approximately 63% upside in rents. While the units have been kept in good condition over multiple decades, there is an opportunity to capture over 50% upside in rents as units turnover and modernize the units.
Location
State CA
County Los Angeles
Area Los Angeles (90031)
Zoning Estimated
Building
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Monthly Total Fees $80
Space Rent $7,811
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Listed by Andres Diaz • KELLER WILLIAMS REALTY
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