1801 W 5th ST, Los Angeles, CA 90057
1801 W 5th ST, Los Angeles, CA 90057
1801 W 5th ST, Los Angeles, CA 90057
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$1,998,000
Est. payment /mo
6 Beds
6 Baths
6,900 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,900 sqft

Price per Sqft $289

MLS Listing ID 26991617

Bedrooms 6

HOA Y/N No

Year Built 1941

Lot Size 0.275 Acres

Property Description

THIS PROPERTY SALE INCLUDED 2 APNS: 5154-024-001 & 5154-024-002. Prime Development opportunity with a double lot totaling 12,200 SF of land and 6,900 SF across two buildings, totaling 9 current units. Can develop approximately 50 residential units. see attached. Perfect Investment Opportunity for First Time Investors, 1031 Exchange or Ideal Addition to Existing Investment Portfolio. Prime Development Opportunity- Double Lot Totaling 12,002 SF across Two Buildings, 6,900 SF Interior Space, 9 Rental Units, Remodeled & Maintained(3)Exceptionally Rare Development Up-to 50 Residential Unit, Including Micro-Units. Attractive & Strong Current Passive Income = $14,134/mon. Presently, All Tenants are Current on Rents !! There is a 2 unit Vacancy, so there is immediate potential for more rent/income!! Located in Highly/Densely populated Westlake Community; Strong Rental Demand, Mins to Dwntwn Los Angeles, Hollywood, Silver Lake, Korea Town, Beverly Hills & Major LA & World Attractions. High Cap Rate nearly 6.61% (Actual) / 9.54% (Pro-Forma). Great Rental Income Upside / Sellers Highly Motivated. ALL DEVELOPMENT INFORMATION PROVIDED SHOULD NOT BE RELIED ON AND BUYER TO CONDUCT THEIR OWN DUE DILIGENCE.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR4

Interior

Fireplace No

Exterior

Parking Features Private, One Space

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5154024001

Special Listing Condition Standard

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Listed by Charles Le Beverly Hills Fabulous Estates Inc. #01261943

Nearby Locations

Ernie Caponera

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California 92625, USA

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