Skip To Content

    2605 2615 W 16th Place

    Los Angeles (City), CA 90019
    • $2,388,888
    • STATUS: Active
    • ON SITE: 153 days
    • ID#: 320004287
    UPDATED: 202 min ago
    $2,388,888
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,117
      SQFT
    • $336
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    Great Investment Opportunity! Multi-Family Investment Income Property with 9 units, great income, and plenty of On-Site Parking. Great mix of units with two large 2 bed + 2 bath units, five 2 bed + 1 bath units, one 1 Bed + 1 bath unit, and a Bachelor unit. Full Occupancy. UNITS ARE SEPARATELY METERED FOR GAS AND ELECTRICITY except Bachelor Unit. SELLER REPRESENTS THE UPGRADES ARE: SOME UNITS HAVE UPGRADED VERTICAL AND HORIZONTAL PLUMBING TO COPPER; SOME UNITS HAVE BEEN REMODELED AND WINDOWS HAVE BEEN REPLACED; AND NEW 100 GAL. WATER HEATER. EASY ACCESS TO DOWNTOWN, HOLLYWOOD, WLA, 10FWY. RENT ROLL AND INCOMES & EXPENSES ARE AVAILABLE UPON REQUEST. Located in Arlington Heights. 2 story building, fully occupied. 15 parking spaces. Comprising 3 addresses into one building, located in the heart of Los Angeles at the corner of 16th place and Arlington Blvd., In an up and coming area that is close to downtown L.A., freeways, and major boulevards. Rent control Area.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-10T00:32:46.753. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.
    www.thealvaradobrothers.com/homes/112455047
    Print Image

    2605 2615 W 16th Place Los Angeles (City), CA 90019

    • Price: $2,388,888
    • Status: Active
    • Updated: 202 min ago
    • ID#: 320004287
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    7,117
    SQFT
    $336
    $/SQFT
    1958
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    Great Investment Opportunity! Multi-Family Investment Income Property with 9 units, great income, and plenty of On-Site Parking. Great mix of units with two large 2 bed + 2 bath units, five 2 bed + 1 bath units, one 1 Bed + 1 bath unit, and a Bachelor unit. Full Occupancy. UNITS ARE SEPARATELY METERED FOR GAS AND ELECTRICITY except Bachelor Unit. SELLER REPRESENTS THE UPGRADES ARE: SOME UNITS HAVE UPGRADED VERTICAL AND HORIZONTAL PLUMBING TO COPPER; SOME UNITS HAVE BEEN REMODELED AND WINDOWS HAVE BEEN REPLACED; AND NEW 100 GAL. WATER HEATER. EASY ACCESS TO DOWNTOWN, HOLLYWOOD, WLA, 10FWY. RENT ROLL AND INCOMES & EXPENSES ARE AVAILABLE UPON REQUEST. Located in Arlington Heights. 2 story building, fully occupied. 15 parking spaces. Comprising 3 addresses into one building, located in the heart of Los Angeles at the corner of 16th place and Arlington Blvd., In an up and coming area that is close to downtown L.A., freeways, and major boulevards. Rent control Area.
    Exterior Features

    Carport Spaces 0 Carport YN Yes Construction Materials Frame Entry Location Ground Level No StepsGround LevelMain Level Lot Features Corner LotRectangular Lot Number Of Separate Electric Meters 9 Parking Features CoveredCarportDoor-SingleGarage Parking Total 2 Pool Private YN No Spa YN No View YN No

    Interior Features

    Appliances Gas Cooking Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace YN No Flooring CarpetLaminateTileVinylWood Heating Natural GasWall Furnace Heating YN Yes Interior Features Balcony

    Property Features

    Association YN No Cable Tv Expense 0 Cap Rate 0 Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 12804 Gross Scheduled Income 0 Insurance Expense 0 Land Lease Amount 0 Land Lease Amount Frequency See Remarks Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 0 Net Operating Income 0 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 9 Number Of Units Leased 9 Operating Expense 0 Other Expense 0 Pest Control Expense 0 Pool Expense 0 Possession Close Of Escrow Security Features Carbon Monoxide Detector(S)Smoke Detector(S)Window Bars Special Listing Conditions Standard Supplies Expense 0 Tenant Pays Cable TvElectricityGas Total Actual Rent 0 Trash Expense 0 Vacancy Allowance 0 Vacancy Allowance Rate 0 Water Sewer Expense 0 Water Source Public Zoning Lard1.5

    Listing provided courtesy of Berge Berberian of Keller Williams R.E. Services


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-10T00:32:46.753. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365012027-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365012027-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365012027-1.jpg
    Logo
    The Alvarado Brothers | Ever Stewart Alvarado Broker
    1800 N Bristol St, Suite C135
    Santa Ana CA, 92706