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5665 W Jefferson Boulevard

Los Angeles (City), CA 90016
  • $5,500,000
  • STATUS: Active Under Contract
  • ON SITE: 262 Days
  • MLS #: SR21092137
Under Contract
UPDATED: 46 min ago
$5,500,000
  • 0
    BEDS
  • 0.33
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1955
County:

School Ratings & Info

Listing Agent(s): Sona Gallatin of Exp Realty Of California Inc (888-584-9427) and Steve Chelebian of Kingway Properties(866-381-5464)


Description

HUGE PRICE ADJUSTMENT! Same owner since 1963 has taken care of this gem residential income property which is truly located in the center of all Los Angeles highlights! Just minutes away from Santa Monica, Beverly Hills, LAX, Downtown, all sports venues, film studios in Culver City. Located on the border of Culver City and Adams West, walking distance to studios, metro, shopping. Target, Trader Joe's, Sees Candies Warehouse, Starbucks is a short walk away and around the corner from the newly developed luxury ARQ Apartments. The building has had many upgrades including granite kitchen counters, new flooring, and a new roof (10 years) There is an upside in rents as most all tenants have been there for a while and some have rent subsidized by section 8. Maximize your NOI by possible development opportunities in this desirable location. Just a couple blocks south is considered Baldwin Hills and a few steps away to the west is considered Culver City.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-18T07:28:14.42. 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/116658093
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5665 W Jefferson Boulevard Los Angeles (City), CA 90016

  • Price: $5,500,000
  • Status: Active Under Contract
  • On Site: 262 Days
  • Updated: 46 min ago
  • MLS #: SR21092137
0
Beds
0
Baths
0
½ Baths
0.33
Acres
1955
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
HUGE PRICE ADJUSTMENT! Same owner since 1963 has taken care of this gem residential income property which is truly located in the center of all Los Angeles highlights! Just minutes away from Santa Monica, Beverly Hills, LAX, Downtown, all sports venues, film studios in Culver City. Located on the border of Culver City and Adams West, walking distance to studios, metro, shopping. Target, Trader Joe's, Sees Candies Warehouse, Starbucks is a short walk away and around the corner from the newly developed luxury ARQ Apartments. The building has had many upgrades including granite kitchen counters, new flooring, and a new roof (10 years) There is an upside in rents as most all tenants have been there for a while and some have rent subsidized by section 8. Maximize your NOI by possible development opportunities in this desirable location. Just a couple blocks south is considered Baldwin Hills and a few steps away to the west is considered Culver City.
Exterior Features

Carport Spaces 21 Carport YN Yes Construction Materials Concrete Lot Features 16-20 Units/AcreLevelNear Public TransitRectangular LotWalkstreet Number Of Separate Electric Meters 17 Parking Total 21 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls Window Features Double Pane Windows

Property Features

Additional Parcels YN No Common Interest None Community Features Street LightsSidewalksUrban Contingency Seller 1031 Exchange Current Financing Conventional Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 325000 Gross Scheduled Income 323000 Insurance Expense 3000 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 Exchange Net Operating Income 288000 New Construction YN No New Taxes Expense 68750 Number Of Separate Gas Meters 17 Number Of Separate Water Meters 17 Number Of Units Leased 17 Operating Expense 35000 Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Fire Detection SystemResident ManagerSmoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions StandardTrust Tax Annual Amount 4606 Tax Year 2020 Tenant Pays All Utilities Trash Expense 0 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 72000 Vacancy Allowance Rate 5 Water Sewer Expense 30000 Water Source Public Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-18T07:28:14.42. 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): Sona Gallatin of Exp Realty Of California Inc (888-584-9427) and Steve Chelebian of Kingway Properties(866-381-5464)