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  • Status:Active Under Contract
  • Square Foot:28,648
  • Lot Size:0.00 Acres
  • Community:Metropolitan South
  • Zip Code:90003
  • Property Type:Residential Income
  • List Date:Mon, Aug 07 2017

Property Description

This building is a 2 story walk up with 4 stairways located on 59th St, Avalon and the rear of the building. The unit mix is comprised of 9-One bedroom/one bath, 13-Studios, & 9-commercial units. Due do the age of the property it is subject to rent control for the apartments. Utilities are separately metered for gas and electricity. The building rents out the 10 parking spaces in the rear to the tenants. There is a long term lease of the parking lot which owner pays the neighboring property. There is a laundry room for tenants to use that generates income and a leasing office that can be use for collection of rents and management. Parts of the building was updated in the last 10 years. This 31 unit mixed use building is 28,648 square feet. The property is ideally situated just south of the downtown business district and east of the 110 freeway. As market conditions continue to improve, the property will allow for rental increases for both the apartments and the commercial spaces. There is currently a mortgage balance of approximately $2,000,000 at a rate of 4.3%. This loan is assumable. Must qualify with bank. Do not walk or enter property without prior consent.

Property Details

Essential Information

  • MLS #PW17181554
  • Price$4,450,000
  • Square Footage28,648
  • Acres0.00
  • Year Built1920
  • TypeResidential Income
  • StatusActive Under Contract

Amenities

  • Parking Spaces10

Exterior

  • Lot DescriptionCorner Lot, Lot 10000-19999 Sqft
  • RoofFlat Roof, Spanish Tile

Listing Details

  • Listing AgentCarlos Skubacz
  • Listing Co-AgentAbel Bratton
  • Listing OfficeRe/max 2000

Community Information

  • Address5937 Avalon Boulevard
  • AreaMetropolitan South
  • CityLos Angeles
  • CountyLos Angeles
  • StateCA
  • Zip Code90003

Interior

  • HeatingWall Heater
  • # of Stories2
  • StoriesTwo

Additional Information

  • StoriesTwo

Price & Status History

Date Details Price Change
Active Under Contract (from Active)

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