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    7411 S Western Avenue

    Los Angeles (City), CA 90047
    • $1,600,000
    • STATUS: Active
    • ON SITE: 130 days
    • ID#: 21730584
    UPDATED: 200 min ago
    $1,600,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1951
    County:

    School Ratings & Info

    Description

    Central Los Angeles Retail Offering - Located on Western Avenue and just south of Florence Avenue, the subject property is centrally located to all major employment hubs and is very central to all of LA County. Owner-User Opportunity - With one unit delivered vacant at the close of escrow, this is an ideal owner-user opportunity. Value-Add Investment with below Market Rents & One Vacancy - The current tenant is paying a below market rent and is on month to month term with no extension. The back unit will be delivered vacant at the close of escrow. Minimal Expenses with Rental Upside - The current tenant currently is responsible for all utility cost. The landlord is responsible for property tax and insurance. The new owner can implement Absolute Net (NNN) leases with new tenants.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T00:26:59.983. 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 Realty ONE Group Empire. Licensed in the State of California, USA.
    www.bestsocalhomesearch.com/homes/117038501
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    7411 S Western Avenue Los Angeles (City), CA 90047

    • Price: $1,600,000
    • Status: Active
    • Updated: 200 min ago
    • ID#: 21730584
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1951
    Built
    Neighborhood:
    C36 - Metropolitan Southwest
    County:
    Los Angeles
    Area:
    C36 - Metropolitan Southwest
    Property Description
    Central Los Angeles Retail Offering - Located on Western Avenue and just south of Florence Avenue, the subject property is centrally located to all major employment hubs and is very central to all of LA County. Owner-User Opportunity - With one unit delivered vacant at the close of escrow, this is an ideal owner-user opportunity. Value-Add Investment with below Market Rents & One Vacancy - The current tenant is paying a below market rent and is on month to month term with no extension. The back unit will be delivered vacant at the close of escrow. Minimal Expenses with Rental Upside - The current tenant currently is responsible for all utility cost. The landlord is responsible for property tax and insurance. The new owner can implement Absolute Net (NNN) leases with new tenants.
    Exterior Features

    Carport Spaces 0 Parking Features GarageGarage Door Opener Parking Total 0

    Interior Features

    Cooling None Cooling YN No Heating None Heating YN No

    Property Features

    Garage YN No Gross Income 96000 Laundry Features None Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 67220 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 50 Zoning Lac2

    Listing provided courtesy of John Katnik of James Capital Advisors, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T00:26:59.983. 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 Realty ONE Group Empire. Licensed in the State of California, USA.
     
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    Oak Hills CA, 92344