210 S Commonwealth Avenue, Los Angeles, CA 90004
List Price: $3.59M
Listing Status: Active
0Days on Market: 2
24 Bedrooms · 14 Bathrooms · 10,884 sq ft
Property Type: ResidentialIncome
Year Built: 1980
Lot Size: 7,488 sq ft
MLS Number: 26986135
About This Property
210 S Commonwealth Ave & 941 S Gramercy PL, Los Angeles, To Be Sold Combined, Total $6,285,000! Location!!! Priced to Sell! Corner Lot! UNBEATABLE GRM 11.55!! Low Expenses & Easy Maintenance! This 14-unit apartment building is offered only in combination with 941 S Gramercy. Conveniently located close to Hollywood, Downtown LA, Larchmont, with access to the 110, 101, and 10 Fwy. Built in 1980, the property features ten (10) 2-bedroom, 1-bathroom units and four (4) 1-bedroom, 1-bathroom units. Most units have been upgraded and are in excellent condition. The building includes twenty (20) on-site gated parking spaces and an on-site laundry facility, with low operating expenses and easy maintenance. Rents are currently below market, offering strong upside potential. Current gross rental income: $25,900/month ($310,800 annually). Excellent long-term investment with stable cash flow and future growth potential. Sellers motivated.
Listing provided by: Jae Young Lee DRE #01270965 213-386-8888 jaelee1017@hotmail.com, Ivy Realty Co.
Source: CRMLS, MLS #: 26986135
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.