1259-1261 Devon Ave | Los Angeles, CA 90024
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- LoopNet Team
1259-1261 Devon Ave
Los Angeles, CA 90024
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Turnkey 6 Unit Property in Highly Coveted Wilshire Corridor Location
- Brand New Kitchens and Bathrooms in 5 of 6 Units
- Extensively Renovated Units Along with 2 Brand New Detached ADUs (ADUs NOT subject to Rent Stabilization Ordinance)
- Attractive 5.36% Going in Cap Rate
- Just South of Wilshire Blvd Surrounded by Multi Million Dollar Homes
- Central A/C and Heat Along with In Unit Washer/Dryers in 5 out of 6 Units
PROPERTY FACTS
| No. Units | 6 | Building Size | 3,151 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Building Class | C | Year Built | 1939 |
| Lot Size | 0.12 AC | ||
| Zoning | LARD1.5 - Residential | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,151 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1939 |
| Zoning | LARD1.5 - Residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | 400 |
| 1+1 | 1 | - | 450 |
| 2+1 | 1 | - | 1,100 |
PROPERTY TAXES
| Parcel Number | 4327-012-025 | Improvements Assessment | $866,993 |
| Land Assessment | $1,887,928 | Total Assessment | $2,754,921 |
PROPERTY TAXES
Parcel Number
4327-012-025
Land Assessment
$1,887,928
Improvements Assessment
$866,993
Total Assessment
$2,754,921
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