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106 E Avenue 37

Los Angeles (City), CA 90031
  • $5,450,000
  • STATUS: Active Under Contract
  • ON SITE: 94 Days
  • MLS #: 21798702
Under Contract
UPDATED: 14 min ago
$5,450,000
  • 0
    BEDS
  • 1.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Listing Agent(s): Max Berger of Compass (310-230-5478)


Description

The Heritage Square Portfolio features 3614-3618 Pasadena Avenue, 106-114 E. Avenue 37 and 103-117 E. Avenue 36, and is comprised of (22) residential units and (3) commercial spaces on 51,492 SF of land. 106-114 E. Avenue 37 & 103-117 E. Avenue 36 is comprised of (17) bungalow-style units sitting on two parcels totaling 38,583 SF of land. Please note, 13 of the 17 units are true bungalows with private entrances, no shared walls, side-yards and backyards. 3614-3618 Pasadena Avenue is comprised of 3 commercial spaces and 5 residential units sitting on 12,433 SF of land zoned RAS3. This portfolio offering is a true value-add opportunity as current rents are approx. 61% below market compared to renovated units in the area. Additionally, the portfolio sits directly across from the Heritage Square Gold Line station and is eligible for Tier 3 TOC incentives.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-28T10:29:14.743. 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 ERA CARLILE Realty Group. Licensed in the State of California, USA.
www.carlilerealty.com/homes/122729468
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106 E Avenue 37 Los Angeles (City), CA 90031

  • Price: $5,450,000
  • Status: Active Under Contract
  • On Site: 94 Days
  • Updated: 14 min ago
  • MLS #: 21798702
0
Beds
0
Baths
0
½ Baths
1.18
Acres
1924
Built
Neighborhood:
677 - Lincoln Hts
County:
Los Angeles
Area:
677 - Lincoln Hts
Property Description
The Heritage Square Portfolio features 3614-3618 Pasadena Avenue, 106-114 E. Avenue 37 and 103-117 E. Avenue 36, and is comprised of (22) residential units and (3) commercial spaces on 51,492 SF of land. 106-114 E. Avenue 37 & 103-117 E. Avenue 36 is comprised of (17) bungalow-style units sitting on two parcels totaling 38,583 SF of land. Please note, 13 of the 17 units are true bungalows with private entrances, no shared walls, side-yards and backyards. 3614-3618 Pasadena Avenue is comprised of 3 commercial spaces and 5 residential units sitting on 12,433 SF of land zoned RAS3. This portfolio offering is a true value-add opportunity as current rents are approx. 61% below market compared to renovated units in the area. Additionally, the portfolio sits directly across from the Heritage Square Gold Line station and is eligible for Tier 3 TOC incentives.
Exterior Features

Parking Features Uncovered Parking Total 17

Property Features

Additional Parcels YN Yes Association Fee 0 Gross Income 361664 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 217133 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 1 Zoning Lard1.5Lasar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-28T10:29:14.743. 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 ERA CARLILE Realty Group. Licensed in the State of California, USA.
 
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ERA CARLILE Realty Group
1860 Howe Avenue, Suite 100
Sacramento CA, 95825
Listing Agent(s): Max Berger of Compass (310-230-5478)