Skip To Content

    1423 Clela Avenue

    Los Angeles (City), CA 90022
    • $2,000,000
    • STATUS: Active
    • ON SITE: 118 days
    • ID#: 21734778
    UPDATED: 42 min ago
    $2,000,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1929
    County:

    School Ratings & Info

    Description

    Price Reduced! 5% cap rate going in, with upside to 6.5%. Well located 10 unit building in Unincorporated Los Angeles. Great unit mix with solid upside. Just over 12.25 X Gross going in, with a proforma of just over 10 X Gross. Building is master metered for electricity, and has potential for garage to ADU conversion. Property is conveniently located near the 5 and 710 freeways and has a Walk Score of 80.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T20:32:10.51. 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/117442614
    Print Image

    1423 Clela Avenue Los Angeles (City), CA 90022

    • Price: $2,000,000
    • Status: Active
    • Updated: 42 min ago
    • ID#: 21734778
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1929
    Built
    County:
    Los Angeles
    Property Description
    Price Reduced! 5% cap rate going in, with upside to 6.5%. Well located 10 unit building in Unincorporated Los Angeles. Great unit mix with solid upside. Just over 12.25 X Gross going in, with a proforma of just over 10 X Gross. Building is master metered for electricity, and has potential for garage to ADU conversion. Property is conveniently located near the 5 and 710 freeways and has a Walk Score of 80.
    Exterior Features

    Parking Features Garage

    Interior Features

    Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

    Property Features

    Garage YN Yes Gross Income 163218 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 99203 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lcr4yy

    Listing provided courtesy of Hooman Emanuel of Keller Williams Studio City and Henry Garcia of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T20:32:10.51. 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.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365493144-1.jpg
    Logo
    Latrice Deluna Homes | The Orion Group
    4533 MacArthur Blvd Ste 5074
    Newport Beach CA, 92660