Address
221 S Avenue 19 Los Angeles, CA
Price
$ 2,065,000
Property Attributes
  • MLS#21110549
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaLincoln Hts
  • Zip90031
  • Style
  • Price$ 2,065,000
  • Bedrooms10
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage4130
  • Lot Size9,952 SqFt
Listing Provided Courtesy Of:
Jonathan Prakash with KW Advisors - 310-951-6566
Data Source:
California Regional MLS (CRMLS)
Property Description

4.54% CAP | Turnkey Multifamily Opportunity. We are pleased to present the South Avenue 19 apartments: an eight (8) unit multifamily investment opportunity located in Lincoln Heights. These three single story, wood frame stucco buildings were built in 1923,1924, and 1925 and consist of 4,130 SF of living area with eight (8) on-site parking spaces. Further, this property is situated on a large 9,952 SF lot zoned LA-R1.5. The property features six (6) One bedroom | One bathroom units and two (2) spacious, completely remodeled Two bedroom | One bathroom units. Both of the 2 bedroom units and three of the 1 bedroom units have undergone extensive rehab including but not limited to: completely redone bathrooms and showers, upgraded living rooms, new kitchens featuring brand new appliances, laminate flooring, new windows, all new paint, etc. Further, these have been with updated with new plumbing and upgraded electrical. The new owner will benefit from the property's low annual expenses: no trash expense, separate gas and electric meters, and drought tolerant landscaping providing strong current and future cash flow. The property is located on S Avenue 19 just south of N Broadway near N San Fernando Rd. The property allows for tenants to live in close proximity to Downtown Los Angeles, with short commutes to the San Gabriel Valley, and close by transit at the Lincoln Heights/Cypress Park Station and Chinatown Station. The LA-USC Medical Center is just north of the 10 freeway, and nearby parks include Downey Recreation Center, Downey Playground and Lincoln Heights Recreation Center.

Price History
12/7/2021 Listed $2,145,000
1/19/2022 4% - $2,065,000

General Features

Co-Listing Agent State License # 01816119
Co-listing Agent Derrick Vartanian - BRE#01816119
Cooling Wall/Window Unit(s)
Flooring Carpet, Laminate
Heating None
Listing Agent Jonathan Prakash - BRE#01483131
Listing Agent State License 01483131
Lot Size Square Feet 9952
MLS Area 677 - Lincoln Hts
Other Structures Shed(s)
Pool Features None
Property Type Residential Income
PropertyCondition Updated/Remodeled
Senior Community Y/N No
Spa Features None
Special Listing Conditions Standard
Status Active
Total Units 8
Zoning LARD1.5

Interior Features

Air Conditioning Y/N Yes
Fireplace Features None

Exterior Features

Lot Size Acres 0.2285
Lot Size Area 9952
Lot Size Source Other
Lot Size Units Square Feet
Number of Buildings 3
Parking Features Driveway, Uncovered
Total Parking 8

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90031

Price
AVG $1.51M
$2.07M
Visits
AVG 3
92
Year Built
AVG 1918
1923
Walkscore
AVG 82
87
Data Provided by Walkscore ® not using MLS data