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1221 5th Avenue , #3

Los Angeles (City), CA 90019
  • $1,550,000
  • STATUS: Active
  • ON SITE: 45 Days
  • ID#: SR24004569
UPDATED: 9 min ago
$1,550,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1921
County:

School Ratings & Info

Listing Agent(s): Mike Enriquez of The CSSA Group (661-333-7233) and Nabil Suleiman of The CSSA Group((661) 333-7233)


Description

Introducing a rare investment opportunity in the heart of Los Angeles, this quadraplex property at 1221 5th Ave, Los Angeles, CA 90019, offers a blend of urban and city living with a classic charm. Boasting four individual units, each unit provides comfort and functionality, this property is ideal for savvy investors seeking rental income. With each unit having 1 bedroom, 1 den (large size, no closet) and 1 bathroom with the rear of the building having multiple parking spots for each tenant. The well-maintained exterior showcases the timeless architecture of the area, while the interiors feature standard amenities. Conveniently located near shopping, dining, and entertainment, this quadraplex provides residents with easy access to the vibrant and colorful lifestyle of Los Angeles. Don't miss the chance to own this income-generating gem in a prime location.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-26T10:25:58.347. 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 Brianna Miller | Synergy Real Estate. Licensed in the State of California, USA.
www.briannasellshomes.com/homes/146587550
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1221 5th Avenue , #3 Los Angeles (City), CA 90019

  • Price: $1,550,000
  • Status: Active
  • On Site: 45 Days
  • Updated: 9 min ago
  • ID#: SR24004569
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1921
Built
Neighborhood:
C17 - Mid-Wilshire
County:
Los Angeles
Area:
C17 - Mid-Wilshire
Property Description
Introducing a rare investment opportunity in the heart of Los Angeles, this quadraplex property at 1221 5th Ave, Los Angeles, CA 90019, offers a blend of urban and city living with a classic charm. Boasting four individual units, each unit provides comfort and functionality, this property is ideal for savvy investors seeking rental income. With each unit having 1 bedroom, 1 den (large size, no closet) and 1 bathroom with the rear of the building having multiple parking spots for each tenant. The well-maintained exterior showcases the timeless architecture of the area, while the interiors feature standard amenities. Conveniently located near shopping, dining, and entertainment, this quadraplex provides residents with easy access to the vibrant and colorful lifestyle of Los Angeles. Don't miss the chance to own this income-generating gem in a prime location.
Exterior Features

Architectural Style Spanish Entry Level 1 Entry Location Front or Rear Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 4 Parking Features DrivewayGatedPrivateOne SpaceSee RemarksUncovered Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Spa Features None Spa YN No View City Lights View YN Yes

Interior Features

Accessibility Features ParkingSee Remarks Common Walls 1 Common Wall Cooling Wall/Window Unit(s) Cooling YN Yes Fireplace Features Dining RoomFamily Room Fireplace YN Yes Heating Natural Gas Heating YN Yes

Property Features

Additional Parcels YN No Common Interest None Community Features Park Contingency NONE Current Financing ConventionalFHAFannie MaeFreddie Mac Electric Standard Garage YN No Gross Income 0 Gross Scheduled Income 0 Insurance Expense 0 Land Lease YN No Laundry Features See Remarks Levels TwoMulti/Split Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to Existing LoanConventionalFHAFannie MaeFreddie Mac Net Operating Income 0 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 0 Possession Close Of EscrowNegotiableSee Remarks Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TVElectricityGasSee Remarks Total Actual Rent 2228 Trash Expense 0 Utilities Electricity AvailableNatural Gas AvailableSewer Available Water Sewer Expense 0 Water Source Public Zoning LARD1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-26T10:25:58.347. 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 Brianna Miller | Synergy Real Estate. Licensed in the State of California, USA.
 
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Brianna Miller | Synergy Real Estate
140 N. Harvard Avenue #341
Claremont CA, 91711
Listing Agent(s): Mike Enriquez of The CSSA Group (661-333-7233) and Nabil Suleiman of The CSSA Group((661) 333-7233)