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Map
$1,581,069*
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Multifamily -
Off Market
2677 Moss Ave
Los Angeles, CA 90065
14 Beds
0 Bath
$1,413,000 - $1,727,000
Reference Base Price*
0.71%
Since Sep 1, 2023
CA-Los Angeles
Primary Model
About This Property
7 unit value-add apartment complex located in Los Angeles (Glassell
Park), CA. The property resides along Eagle Rock Blvd., a few miles
southwest of Eagle Rock's Occidental College. Glassell Park is an
LA sub-market north of Downtown LA, which is borderedby Glendale,
Silver Lake, Eagle Rock, Highland Park, Cypress Park, Mt.
Washington and Atwater Village. Its centralized LA County location
provides extended proximity toHollywood, Koreatown, Downtown LA,
Monterey Park, Alhambra and Pasadena. The area itself is a hilly
neighborhood with modest homes and fashionable neighbors, serviced
by many locally owned eateries and shopping boutiques. Residents
are further benefited by public transportation and quick access to
the 2 and 5 Freeways. This continually flourishing sub-market
coupled with a property generating income 130% well-below market,
presents an investor with a considerable opportunity worth seizing.
In recent years the owners have spent significant funds
performing repairs to the exterior. In addition to re-landscaping
the front, re-painting the entire building, installing seismic gas
shut-off valves and completing soft-story seismic retrofit
(permitted 03/2020). The majority of the interiors require full
renovation. There are 7 parking spaces equally assigned to each
unit (at no cost to tenant). There is a dedicated on-site laundry
room, which currently has no machines. Charging for parking and
providing laundry machines are opportunities to immediately enhance
yield. Additionally, market rents are projected at $2,100 for all
the 2BR units after full renovation, which equates to 130% in
rental upside. The property is subject to The City of LA Rent
Stabilization Ordinance (RSO).
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1963
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Aug 13, 2023 | No longer available | - | |
No longer available | |||
Aug 11, 2023 | Sold | $1,250,000 | |
Sold | |||
Jul 4, 2023 | In contract | - | |
In contract | |||
Jun 4, 2023 | Relisted | $1,570,000 | |
Relisted | |||
Jun 1, 2023 | In contract | - | |
In contract |
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Property Highlights
Parking Available
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
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
About East LA
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