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Listing Details

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School Ratings & Info

Description

846 Alandele Ave is a 4-unit apartment building in the Miracle Mile neighborhood of Los Angeles, CA. Built in 1950, the two-story property is comprised of four (4) two-bedroom, one- bathroom units. The property offers parking and an on-site laundry facility. The units are individually metered for gas and electricity. This property provides a clear path for an investor to execute their business plan and add value to the property. Walking Score - 84 Less than a mile aways from The Shops at San Vicente, La Brea Tar Pits Sits between the Orange and Red Metro Line. Any upcoming or recent developments 846 Alandele is a mid-century style 4-unit apartment building which consists of four (4) two-bedroom one-bathroom units. This two-story apartment was built in 1950 and includes garage parking for each tenant. The property features four (4) covered parking spaces and an on-site laundry facility owned by the landlord. This area is the premier location for long term rental growth assets. A long-term high-end market, the Miracle Mile area has become the epicenter for families and professionals in Los Angeles. Investors are flocking to Miracle Mile as average rents are pushing $3,000/month and as population growth projected as steady increases for years to come, this is a seize the moment opportunity for any strong investor looking to secure property in one of LAs best submarkets. Its prime location and abundant local hot spots being but a brief walk away, all residents and working professionals obtain quick commute times in a city plagued with standstill traffic- making an abundance of renters readily available. As Miracle Mile and the surrounding areas on Wilshire Blvd continue their population and economic growth, demand will only increase to reside in one of the most growth-oriented Los Angeles submarkets.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-20T12:29:02.607. 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/119837713
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846 Alandele Avenue Los Angeles (City), CA 90036

  • Price: $2,100,000
  • Status: Active
  • Updated: 82 min ago
  • ID#: 21766644
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1950
Built
Neighborhood:
C19 - Beverly Center-Miracle Mile
County:
Los Angeles
Area:
C19 - Beverly Center-Miracle Mile
Property Description
846 Alandele Ave is a 4-unit apartment building in the Miracle Mile neighborhood of Los Angeles, CA. Built in 1950, the two-story property is comprised of four (4) two-bedroom, one- bathroom units. The property offers parking and an on-site laundry facility. The units are individually metered for gas and electricity. This property provides a clear path for an investor to execute their business plan and add value to the property. Walking Score - 84 Less than a mile aways from The Shops at San Vicente, La Brea Tar Pits Sits between the Orange and Red Metro Line. Any upcoming or recent developments 846 Alandele is a mid-century style 4-unit apartment building which consists of four (4) two-bedroom one-bathroom units. This two-story apartment was built in 1950 and includes garage parking for each tenant. The property features four (4) covered parking spaces and an on-site laundry facility owned by the landlord. This area is the premier location for long term rental growth assets. A long-term high-end market, the Miracle Mile area has become the epicenter for families and professionals in Los Angeles. Investors are flocking to Miracle Mile as average rents are pushing $3,000/month and as population growth projected as steady increases for years to come, this is a seize the moment opportunity for any strong investor looking to secure property in one of LAs best submarkets. Its prime location and abundant local hot spots being but a brief walk away, all residents and working professionals obtain quick commute times in a city plagued with standstill traffic- making an abundance of renters readily available. As Miracle Mile and the surrounding areas on Wilshire Blvd continue their population and economic growth, demand will only increase to reside in one of the most growth-oriented Los Angeles submarkets.
Exterior Features

Lot Features Back Yard Parking Features Covered Parking Total 4

Interior Features

Appliances DishwasherMicrowave Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

Property Features

Garage YN Yes Gross Income 105074 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 71318 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGasTrash Collection Vacancy Allowance Rate 0 Zoning Lar3

Listing provided courtesy of John Wright of Matthews Real Estate Investment Services


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-20T12:29:02.607. 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