210 S Commonwealth Ave
LOS ANGELES, CA 90004

Property

Ownership: For Sale
Bedrooms: 24 BR
Bathrooms: 14
Area: 7488 sq ft
Lot Size: 0.2 Acres

Financials

Price:$3,590,000
271 North Canon Drive Beverly Hills, CA 90210
Listing Courtesy of Ivy Realty Co.

210 S Commonwealth Ave 24BR Mid Wilshire La

Description

210 S Commonwealth Ave & 941 S Gramercy PL, Los Angeles, To Be Sold Combined, Total $6,285,000! Location! Priced to Sell! Corner Lot! UNBEATABLE GRM 11.55!! Low Expenses & Easy Maintenance! This 14-unit apartment building is offered only in combination with 941 S Gramercy. Conveniently located close to Hollywood, Downtown LA, Larchmont, with access to the 110, 101, and 10 Fwy. Built in 1980, the property features ten (10) 2-bedroom, 1-bathroom units and four (4) 1-bedroom, 1-bathroom units. Most units have been upgraded and are in excellent condition. The building includes twenty (20) on-site gated parking spaces and an on-site laundry facility, with low operating expenses and easy maintenance. Rents are currently below market, offering strong upside potential. Current gross rental income: $25,900/month ($310,800 annually). Excellent long-term investment with stable cash flow and future growth potential. Sellers motivated.

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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.