541 Solano Avenue

    Los Angeles (City), CA 90012
    • $5,000,000
    • STATUS: Active
    • ON SITE: 138 days
    • ID#: OC19176056
    UPDATED: 23 min ago
    $5,000,000
    • 0
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,813
      SQFT
    • $338
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1970
    County:

    School Ratings & Info

    Description

    Hidden Gem located in Solano Canyon!!! This 18-unit apartment complex is nestled in a quite neighborhood close to Downtown LA, Dodger Stadium, Elysian Park, and Chinatown. One studio apartment, ten 1-bd/1-ba units, three 2-bd/1-ba units, and four 2-bd/2ba units. The complex also has two office/storage units. On-site parking and laundry room. The property is easily accessible from freeways, public transportation, parks, and even hiking trails!! Huge upside with this complex!!!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-12-10T11:26:19.163. 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 Z Team OC Real Estate | Keller Williams Realty. Licensed in the State of California, USA.

    www.homefinderorangecounty.com/homes/97236901

    541 Solano Avenue Los Angeles (City), CA 90012

    • Price: $5,000,000
    • Status: Active
    • Updated: 23 min ago
    • ID#: OC19176056
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    14,813
    SQFT
    $338
    $/SQFT
    1970
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    Hidden Gem located in Solano Canyon!!! This 18-unit apartment complex is nestled in a quite neighborhood close to Downtown LA, Dodger Stadium, Elysian Park, and Chinatown. One studio apartment, ten 1-bd/1-ba units, three 2-bd/1-ba units, and four 2-bd/2ba units. The complex also has two office/storage units. On-site parking and laundry room. The property is easily accessible from freeways, public transportation, parks, and even hiking trails!! Huge upside with this complex!!!
    Exterior Features

    Fence YN Yes Fencing Block Garage Spaces 18.00 Lot Features Lot 10000-19999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Other Structures Storage Parking Features AssignedCarportDrivewayConcretePavedDriveway LevelGarageParking SpacePrivateStreet Parking Total 18.00 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Spa Features None Spa YN No View City LightsMountain(S) View YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Laundry Features Common AreaCommunity Levels Three Or More

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features BikingCurbsFoothillsHikingParkMountainousRavineSidewalksStorm DrainsStreet LightsUrban Country Us Electric Expense 2620.00 Elevation Units Feet Fuel Expense 3758.00 Gross Income 124416.00 Gross Scheduled Income 226181.00 Insurance Expense 5510.00 Land Lease YN No Laundry YN Yes Licenses Expense 1502.00 Lot Dimensions Source Assessor Maintenance Expense 932.00 Net Operating Income 207181.00 New Construction YN No New Taxes Expense 8618.00 Number Of Separate Electric Meters 19 Number Of Separate Gas Meters 19 Number Of Separate Water Meters 1 Number Of Units Leased 17 Operating Expense 19000.00 Other Expense 2480.00 Other Expense Description Plumbing Professional Management Expense 17500.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Solano Canyon Supplies Expense 7200.00 Tenant Pays Cable TvElectricityGasTelephone Total Actual Rent 18696.00 Total Expenses 101765.00 Trash Expense 7909.00 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Water Sewer Expense 11626.00 Water Source Public Year Built Source Assessor Zoning Lard2

    Listing provided courtesy of Reid Shigeno of 13 East Realty Incorporated


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-12-10T11:26:19.163. 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 Z Team OC Real Estate | Keller Williams Realty. Licensed in the State of California, USA.

     
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