501 Loma Drive

    Los Angeles (City), CA 90017
    • $1,490,000
    • STATUS: Active
    • ON SITE: 13 days
    • ID#: 20567060
    UPDATED: 68 min ago
    $1,490,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1939
    County:

    School Ratings & Info

    Description

    501 South Loma Drive is a 7-unit multifamily property. Built in 1939, the property was constructed of low-density pre-war style architecture with a two-story, walk-up structure with plenty of character. The property is situated across from a Los Angeles Police Department Headquarters. Units offer walk-in closets, hardwood floors, built-in cabinetry and large windows. All units have private garages, and most have front and rear entrances. The unit-mix contains six one-bedrooms with one-bathroom and one unit that is a one-bedroom with one-bathroom and a den that features French doors off a large balcony. All units are individually metered for gas and electricity. Two units to be delivered vacant at close-of-escrow. A very early-stage project for 36-units was started. The property location is ideally zoned LAR4 and situated in a Transit Oriented Communities (TOC) Tier 3 zone. Buyer to perform their own due diligence and investigations into this investment offering.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-09T08:25:41.14. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Brad Korb Real Estate Group. Licensed in the State of California, USA.

    www.lacountypropertyinfo.com/homes/104544113

    501 Loma Drive Los Angeles (City), CA 90017

    • Price: $1,490,000
    • Status: Active
    • Updated: 68 min ago
    • ID#: 20567060
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    1939
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    501 South Loma Drive is a 7-unit multifamily property. Built in 1939, the property was constructed of low-density pre-war style architecture with a two-story, walk-up structure with plenty of character. The property is situated across from a Los Angeles Police Department Headquarters. Units offer walk-in closets, hardwood floors, built-in cabinetry and large windows. All units have private garages, and most have front and rear entrances. The unit-mix contains six one-bedrooms with one-bathroom and one unit that is a one-bedroom with one-bathroom and a den that features French doors off a large balcony. All units are individually metered for gas and electricity. Two units to be delivered vacant at close-of-escrow. A very early-stage project for 36-units was started. The property location is ideally zoned LAR4 and situated in a Transit Oriented Communities (TOC) Tier 3 zone. Buyer to perform their own due diligence and investigations into this investment offering.
    Exterior Features

    Lot Size Units Square Feet Parking Features Garage Parking YN Yes

    Interior Features

    Heating Wall Furnace Heating YN Yes

    Property Features

    Gross Income 97380.00 Gross Multiplier 14.85 Gross Operating Income 99031.00 Net Operating Income 55220.00 Senior Community YN No Special Listing Conditions Standard Zoning Lar4

    Listing provided courtesy of Brent Sprenkle of Berkadia


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-09T08:25:41.14. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Brad Korb Real Estate Group. Licensed in the State of California, USA.

     
    The Brad Korb Real Estate Group
    3813 W. Magnolia Blvd
    Burbank CA, 91505