Page 46 - THE FRAME July 2020
P. 46

FOR SALE




                Current Listings













                                                                 1221 South Catalina Street, Los Angeles, CA                                                                          5500 Barton Avenue, Los Angeles, CA

                                                                 Asking Price           $996,000                                                                                      Asking Price           $2,050,000
                                                                 Property Type          4 Unit Apartment Building                                                                     Property Type          5 Unit Apartment Building
                                                                 GLA                    4,992 SF                                                                                      GLA                    2,875 SF
                                                                 Lot Size               5,912 SF                                                                                      Lot Size               8,599 SF
                                                                 Year Built             1910                                                                                          Year Built/Renovated   1921/2019
                                                                 Number of Buildings    2                                                                                             Number of Buildings    2



                - Huge Rental Upside Potential Up To $3+ Per Foot Upon Renovation                                                     - Potential To Convert Garage Into ADU (Accessor Dwelling Unit)
                - Desirable Koreatown Submarket                                                                                       - Washer and Dryer In All Units


                                                                 237 East 31st Street, Los Angeles, CA                                                                                914 South Harvard Boulevard, Los Angeles, CA

                                                                 Asking Price           $740,000                                                                                      Asking Price           $1,950,000
                                                                 Property Type          3 Unit Apartment Building                                                                     Property Type          3 Unit Apartment Building
                                                                 GLA                    2,392 SF                                                                                      GLA                    3,363 SF
                                                                 Lot Size               6,253 SF                                                                                      Lot Size               6,749 SF
                                                                 Cap Rate               6.59%                                                                                         Year Built/Renovated   1909/2015
                                                                 Number of Buildings    2                                                                                             Number of Buildings    1



                - Within Minutes From Downtown Los Angeles and USC                                                                    - Potential To Convert Existing Garage To ADU
                - Tremendous Upside Potential                                                                                         - Up To 50 Percent Increase In Rental Income Potential


                                                                 978 South Mariposa Avenue, Los Angeles, CA                                                                           1151 North Kingsley Drive, Los Angeles, CA


                                                                 Asking Price           $3,780,000                                                                                    Asking Price           $1,800,000
                                                                 Property Type          7 Unit Apartment Building                                                                     Property Type          8 Unit Apartment Building
                                                                 GLA                    5,375 SF                                                                                      GLA                    7,300 SF
                                                                 Lot Size               5,906 SF                                                                                      Lot Size               7,841 SF
                                                                 Year Built             2017                                                                                          Year Built             1931
                                                                 Number of Stories      3                                                                                             Number of Stories      3



                - High-End Interior Finish                                                                                            - Located In Qaulified Opportunity Zone
                - All Units Have Separate Electric and Gas Meters/ Washer and Dryer                                                   - Surrounded By Nearby Development Projects
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