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322 S Commonwealth Avenue

Los Angeles (City), CA 90020
  • $3,500,000
  • STATUS: Active Under Contract
  • ON SITE: 45 Days
  • ID#: 22155357
Under Contract
UPDATED: 57 min ago
$3,500,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Listing Agent(s): Vineendra Jain of Ingenious Asset Group, Inc. (310-331-8552)


Description

Probate sale, subject to Court confirmation and overbidding in Court. 12-unit apartment building with parking in Rampart Village! Just a short distance to the Wilshire / Vermont and Vermont / Beverly Metro stations, and easy access to Hollywood Fwy (I-101). For sale AFTER 16 years! Long-term tenants. Over 60% upside in rents. Great unit mix with 8 X large 1 bed 1 bath, and 4 X large 2 bed 2 bath units. Each unit is separately metered for gas and electricity. Soft-story retrofit is not yet done. Buyer to assume responsibility. Property is being sold AS IS and WHERE IS. Buyer to conduct their own investigations.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-07-01T09:32:46.21. 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 Zen Ziejewski and Team | Keller Williams Realty. Licensed in the State of California, USA.
www.homefinderorangecounty.com/homes/128789454
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322 S Commonwealth Avenue Los Angeles (City), CA 90020

  • Price: $3,500,000
  • Status: Active Under Contract
  • On Site: 45 Days
  • Updated: 57 min ago
  • ID#: 22155357
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1962
Built
Neighborhood:
C17 - Mid-Wilshire
County:
Los Angeles
Area:
C17 - Mid-Wilshire
Property Description
Probate sale, subject to Court confirmation and overbidding in Court. 12-unit apartment building with parking in Rampart Village! Just a short distance to the Wilshire / Vermont and Vermont / Beverly Metro stations, and easy access to Hollywood Fwy (I-101). For sale AFTER 16 years! Long-term tenants. Over 60% upside in rents. Great unit mix with 8 X large 1 bed 1 bath, and 4 X large 2 bed 2 bath units. Each unit is separately metered for gas and electricity. Soft-story retrofit is not yet done. Buyer to assume responsibility. Property is being sold AS IS and WHERE IS. Buyer to conduct their own investigations.
Exterior Features

Architectural Style Traditional Carport YN Yes Direction Faces West Parking Features Attached CarportCovered Parking Total 18 Pool Features None Pool Private YN No Spa Features None Spa YN No View YN Yes

Interior Features

Accessibility Features None Appliances Gas RangeMicrowave Cooling Central AirWall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetTileVinyl

Property Features

Association Fee 0 Buyer Financing Cash Disclosures Rent Control Gross Income 188188 Listing Agreement Probate Listing Service Full Service Listing Terms CashCourt Approval Net Operating Income 104940 New Construction YN No Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Other Special Listing Conditions Probate Listing Tenant Pays ElectricityGas Total Actual Rent 188188 Vacancy Allowance Rate 0 Zoning Lar4



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-07-01T09:32:46.21. 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 Zen Ziejewski and Team | Keller Williams Realty. Licensed in the State of California, USA.
 
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Zen Ziejewski and Team | Keller Williams Realty
27101 Puerta Real #150
Mission Viejo CA, 92691
Listing Agent(s): Vineendra Jain of Ingenious Asset Group, Inc. (310-331-8552)