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3810 W 1st Street

Los Angeles (City), CA 90004
  • $1,250,000
  • STATUS: Active
  • ON SITE: 158 Days
  • ID#: AR23174767
UPDATED: 46 min ago
$1,250,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

Listing Agent(s): Amy Wang of Coldwell Banker George Realty (626-445-6660)


Description

This incredible 6 units is a 7,761 square foot multi-family home on a 8,549 square foot lot with 10 bedrooms and 6 bathrooms. This apartment community was built in 1923 and has 2 stories. Zone R3- please follow the TOC guidelines attached in the supplement, in the Opportunity Zone. Excellent opportunity for developer and/or investor. Adjacent Mid-Wilshire neighborhood. The property is in the heart of Koreatown neighborhood in Los Angeles. Easy access to surrounding areas including Larchmont Village, Country Club Park, Miracle Mile, Koreatown, Hollywood, Downtown, Chinatown. Additionally, the building is conveniently located near the 110, 101 and 10 Freeways.It is one of the most popular sections of LA. This submarket has been on the rise for years as more and more luxury developments pour into the area pushing a high occupancy rate in the last decade. Koreatown is a thriving market with many new developments taking place and a strong demand for housing in the area. This building is an attractive investment, in a prime location. This property has 2 addresses 3810 W. 1st St and 101 S. Catalina St on a corner lot. 1 unit to be delivered vacant at closing.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-24T20:38:52.963. 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 COMPASS. Licensed in the State of California, USA.
www.reiferhomes.com/homes/143511167
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3810 W 1st Street Los Angeles (City), CA 90004

  • Price: $1,250,000
  • Status: Active
  • On Site: 158 Days
  • Updated: 46 min ago
  • ID#: AR23174767
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1923
Built
Neighborhood:
C17 - Mid-Wilshire
County:
Los Angeles
Area:
C17 - Mid-Wilshire
Property Description
This incredible 6 units is a 7,761 square foot multi-family home on a 8,549 square foot lot with 10 bedrooms and 6 bathrooms. This apartment community was built in 1923 and has 2 stories. Zone R3- please follow the TOC guidelines attached in the supplement, in the Opportunity Zone. Excellent opportunity for developer and/or investor. Adjacent Mid-Wilshire neighborhood. The property is in the heart of Koreatown neighborhood in Los Angeles. Easy access to surrounding areas including Larchmont Village, Country Club Park, Miracle Mile, Koreatown, Hollywood, Downtown, Chinatown. Additionally, the building is conveniently located near the 110, 101 and 10 Freeways.It is one of the most popular sections of LA. This submarket has been on the rise for years as more and more luxury developments pour into the area pushing a high occupancy rate in the last decade. Koreatown is a thriving market with many new developments taking place and a strong demand for housing in the area. This building is an attractive investment, in a prime location. This property has 2 addresses 3810 W. 1st St and 101 S. Catalina St on a corner lot. 1 unit to be delivered vacant at closing.
Exterior Features

Entry Level 1 Entry Location Ground Fencing Wrought Iron Lot Features Value In Land Number Of Separate Electric Meters 6 Parking Features AssignedDoor-SingleGarage Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type Alley Roof FlatSpanish Tile Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Gas Range Common Walls 2+ Common Walls Cooling Wall/Window Unit(s) Cooling YN Yes Heating Natural GasWall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 1.41 Common Interest Community Apartment Community Features Sidewalks Current Financing None Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 46770 Gross Scheduled Income 48216 Insurance Expense 5165 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Maintenance Expense 1155 Net Operating Income 17671 New Construction YN No New Taxes Expense 15625 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 43350 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 4018 Trash Expense 3533 Vacancy Allowance 1446 Water Sewer Expense 3129 Water Source Public Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-24T20:38:52.963. 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 COMPASS. Licensed in the State of California, USA.
 
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COMPASS
6930 Indiana Ave, Suite 1
Riverside CA, 92506
Listing Agent(s): Amy Wang of Coldwell Banker George Realty (626-445-6660)