4
See all 4 photos
$1,590,000
Est. payment /mo
7,478 Sqft Lot
New
2677 Moss Avenue Los Angeles, CA 90065
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2603204
Lot Size 7,478 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
7 unit value-add apartment located in Glassell Park, one of the hottest neighborhoods of Los Angeles bordered by Glendale, Silver Lake, Eagle Rock, Highland Park, Cypress Park, Mt. Washington and Atwater Village. Its centralized LA County location provides extended proximity to Hollywood, Koreatown, Downtown LA, Monterey Park, Alhambra and Pasadena. It is a hilly neighborhood with modest homes and fashionable neighbors, serviced by many locally owned eateries, coffee shops 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 well-below market, presents an investor with a considerable opportunity worth seizing. In recent years the owners have spent significant funds in improving the property. In addition, seismic gas shut-off valves and completing soft-story seismic retrofit (permitted 03/2020) was also completed. There are 7 parking spaces equally assigned to each unit. 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 120% in rental upside. The property is subject to The City of LA Rent Stabilization Ordinance (RSO).
Location
State CA
County Los Angeles
Direction Head south on N Eagle Rock Blvd and turn right on Moss Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5457019026
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Ani Ginosyan, DRE#02153123 Rise Realty
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION