6126 Eleanor Avenue

    Los Angeles (City), CA 90038
    • $4,250,000
    • STATUS: Active Under Contract
    • ON SITE: 44 days
    • MLS #: 18412646
    Under Contract
    UPDATED: 128 min ago
    $4,250,000
    • 18
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,108
      SQFT
    • $351
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:
    Area:

    School Ratings & Info

    Description

    Built in 1959, this 21-unit property is located on 12,977 SF lot in the Central Hollywood neighborhood. The two-story building features studios, one-bedrooms, and a bachelor/light housekeeping unit.This offering presents an investor the opportunity to capture the 24% rental upside through renovations when the units turn. Three of the units will be delivered vacant at the close of escrow. Additionally, the subject property has 26 total parking spaces with soft-story work completed (contact agent for details). The property is being offered at a 13.51 GRM on current income.The Central Hollywood neighborhood continues to grow at a rapid pace and attracts high-end residents with the unparalleled access to employment opportunities and entertainment amenities. The subject property has a walk score of 91 and the location allows for a quick commute to both Hollywood and Downtown Los Angeles.

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    ©2019 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Wasserman. Based on information from the California Desert Association of Realtors as of 2019-01-16T23:36:25.343. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
    www.teamwasserman.com/homes/89816322

    6126 Eleanor Avenue Los Angeles (City), CA 90038

    • Price: $4,250,000
    • Status: Active Under Contract
    • Updated: 128 min ago
    • MLS #: 18412646
    18
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    12,108
    SQFT
    $351
    $/SQFT
    1959
    Built
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    Hollywood
    Property Description
    Built in 1959, this 21-unit property is located on 12,977 SF lot in the Central Hollywood neighborhood. The two-story building features studios, one-bedrooms, and a bachelor/light housekeeping unit.This offering presents an investor the opportunity to capture the 24% rental upside through renovations when the units turn. Three of the units will be delivered vacant at the close of escrow. Additionally, the subject property has 26 total parking spaces with soft-story work completed (contact agent for details). The property is being offered at a 13.51 GRM on current income.The Central Hollywood neighborhood continues to grow at a rapid pace and attracts high-end residents with the unparalleled access to employment opportunities and entertainment amenities. The subject property has a walk score of 91 and the location allows for a quick commute to both Hollywood and Downtown Los Angeles.
    Exterior Features

    Carport Or Covered Spaces 0 Pool No Total Other Spaces 0 Total Parking Spaces 26

    Interior Features

    Avg Sq Ft Studio 0 Avg Sq Ft1 Bedroom 0 Avg Sq Ft2 Bedroom 0 Avg Sq Ft3 Bedroom 0 Bathrooms 21.00 Cooling Type None Entry Level 0

    Property Features

    Act Total Rent 26101.00 Adj Gross Income 314520.00 Annual Gross Rent 312120.00 Annual Land Lease Amount 0.00 Disclosures Property As Is Green Year Certified 0 Gross Annual Income 314520.00 Gross Operating Inc 305084.00 Gross Schedule Inc 0.00 Lot Size Source (Assessor) MLS Claw Mls Monthly Gross Income 0.00 Net Operating Inc 191570.00 Number Of Buildings 1 Operating Expenses 0.00 Property Subtype Residential Income Realtor Association Palm Springs Assocation Of Realtors Sale Type Standard Sale Square Footage Source Assessor Tax Rate 0.00 Tax Rate Year 2018 Total Annual Op Exp 113514.00 Total Taxes 0.00

    Listing information © 2019 California Desert Association of Realtors.
    Listing provided courtesy of Neema Ahadian of Marcus & Millichap.
    ©2019 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Wasserman. Based on information from the California Desert Association of Realtors as of 2019-01-16T23:36:25.343. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
     
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