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    117 N Toluca Street

    Los Angeles (City), CA 90026
    • $2,199,000
    • STATUS: Active
    • ON SITE: 122 days
    • ID#: 320006115
    $2,199,000
    • 0
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1912
    County:

    School Ratings & Info

    Description

    Americana Real Estate Services is proud to present the pride of ownership Toluca North Apartments - a remarkable (12) unit multifamily investment opportunity, situated on a corner lot in Echo Park, across the street from Vista Hermosa Natural Park and within close proximity to the Downtown Los Angeles. The well-maintained two story structure offers gated access and incredible unit views to Downtown LA. A bountiful unit mix of 5 (1BD/1BA+Den) and 7 (Studio+1BA), rarely found in assets like this and all tenants are current. Many of the units have been upgraded and each unit is over 500sqft. All units have individual water heaters. Laundry area consists of One Commercial Washer and One Commercial Dryer that are owned, not leased. With a combined building income of $14,322, ease of management, and most tenants on month to month leases, Toluca North offers extreme upside for an investor to take over an exceptional, low-maintenance asset.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-21T00:27:35.857. 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 Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
    www.findorangecountyhomelistings.com/homes/117482995
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    117 N Toluca Street Los Angeles (City), CA 90026

    • Price: $2,199,000
    • Status: Active
    • ID#: 320006115
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    1912
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    Americana Real Estate Services is proud to present the pride of ownership Toluca North Apartments - a remarkable (12) unit multifamily investment opportunity, situated on a corner lot in Echo Park, across the street from Vista Hermosa Natural Park and within close proximity to the Downtown Los Angeles. The well-maintained two story structure offers gated access and incredible unit views to Downtown LA. A bountiful unit mix of 5 (1BD/1BA+Den) and 7 (Studio+1BA), rarely found in assets like this and all tenants are current. Many of the units have been upgraded and each unit is over 500sqft. All units have individual water heaters. Laundry area consists of One Commercial Washer and One Commercial Dryer that are owned, not leased. With a combined building income of $14,322, ease of management, and most tenants on month to month leases, Toluca North offers extreme upside for an investor to take over an exceptional, low-maintenance asset.
    Exterior Features

    Carport Spaces 0 Construction Materials Other Lot Features Corner Lot Number Of Separate Electric Meters 1 Parking Features On Street Parking Total 0 Pool Private YN No Roof Flat Spa YN No View Park/Greenbelt View YN Yes

    Interior Features

    Appliances Gas Cooking Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace YN No Flooring Wood Heating Wall Furnace Heating YN Yes

    Property Features

    Association YN No Cable Tv Expense 0 Cap Rate 0 Disclosures Rent Control Electric Expense 7500 Fuel Expense 0 Garage YN No Gross Income 0 Gross Scheduled Income 0 Insurance Expense 3000 Land Lease Amount 0 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 14000 Net Operating Income 137665 Number Of Separate Gas Meters 12 Number Of Separate Water Meters 1 Number Of Units Leased 12 Operating Expense 35200 Other Expense 0 Pest Control Expense 0 Pool Expense 0 Possession Close Of Escrow Rent Control YN Yes Special Listing Conditions Standard Supplies Expense 0 Tenant Pays Gas Total Actual Rent 0 Trash Expense 3200 Vacancy Allowance 0 Vacancy Allowance Rate 0 Water Sewer Expense 7500 Zoning Lacw

    Listing provided courtesy of Arbi Baghoomian of Americana Real Estate Services and Narbe Baghoomian of Americana Real Estate Services


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-21T00:27:35.857. 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 Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
     
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    Latrice Deluna Homes | The Orion Group
    4533 MacArthur Blvd Ste 5074
    Newport Beach CA, 92660