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$2,235,523*
●
Multifamily -
Off Market
2592 ARMACOST AVE
LOS ANGELES, CA 90064
6 Beds
0 Bath
$1,935,000 - $2,365,000
Reference Base Price*
3.98%
Since Apr 1, 2023
CA-Los Angeles
Primary Model
About This Property
LOAN MUST BE ASSUMED- 5 YEAR FIXED @4.05%. LOAN BALANCE IS
$1,162,165 (call for more info). This 5-unit Multi-family asset is
located in West Los Angeles, in the heart of Silicon Beach. The
property boasts a desirable unit mix of two(2) two-bedroom, two(2)
one-bedroom and one(1) studio. There is also potential to add an
Accessory Dwelling Unit(ADU) above the detached garage(buyer to
verify with LA City Planning). Three of the five units have been
extensively renovated, featuring double-paned windows, laminate
flooring, stainless steel appliances, recessed lighting and modern
touches, with in-unit laundry added to each renovated unit. 2592
Armacost Ave is situated on a corner lot on a mostly residential
street providing ample street parking. There are also 5 enclosed
garage parking spaces with no seismic retrofit required. This
investment is in a very strong rental market as it is situated
within a 1 mile radius from many of the Silicon Beach tech
titans(Snapchat Inc., Activision, Oracle and Hulu).This is a true
value add investment with over 32% upside in the current rents.
Please do not disturb the tenants. All showings will be subject to
an accepted offer.
Unit Size
-
Days on Market
-
Land Size
0.12 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1950
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 17, 2023 | No longer available | - | |
No longer available | |||
Feb 11, 2023 | Relisted | $2,150,000 | |
Relisted | |||
Jan 12, 2023 | No longer available | - | |
No longer available | |||
Dec 15, 2022 | In contract | - | |
In contract | |||
Oct 11, 2022 | Price Decreased |
$2,150,000
↓ $125K
(5.5%)
|
|
Price Decreased |
Show More
Property Highlights
Air Conditioning
Parking Available
Garage
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
House
5
Beds
4.5
Baths
2,678 ft²
$859/ft²
$2,300,000
Nov 17, 2022
-
-
Active
House
3
Beds
2
Baths
1,597 ft²
$1,309/ft²
$2,090,000
Feb 15, 2023
-
-
In Contract
House
3
Beds
2
Baths
1,657 ft²
$1,083/ft²
$1,795,000
Jan 18, 2023
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|