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$5,000,000

Beds
Unknown
sq ft
13,259

7113 7107 La Tijera Blvd, Los Angeles, CA 90045

7113 7107 La Tijera Blvd

Los Angeles, CA 90045

  • 281 days on market
    • Price drop $300,000↓
Offered for Sale: Two Multifamily Apartment Buildings: Westchester Neighborhood Prime Development Opportunity 'TWO PARCELS' side by side. The two properties are being sold as ‘One Purchase’ under this Listing Agreement. The ‘Data Analysis’ for the two properties have been combined under one total, as it applies to each of the ‘Data’ categories. Total Units: 18: Building Size 13,259 SF: Lot Size: 24,308 SF Total Gross Income: $ 282,852 yrly. --- Total Gross Income $23,571 monthly --- Total Operating Expenses: $ 53,744 yrly---- Net Income: $ 229,108 yrly Apartment Building: Lead Address: 7113 La Tijera Blvd Los Angeles CA 90045: APN 4103-008-026 14 Units: Building: 10,495 SF Lot: 16,206 SF Apartment Building: Lead Address: 7107 La Tijera Blvd Los Angeles CA 90045: APN 4103-008-025 4 Unit: Building: 2,764 SF Lot: 8,102 SF Property is subject to the City of Los Angeles Rent Control Ordinance. Laundry facilities on-site: Great opportunity to develop the two properties to their full potential. Will cooperate with 1031 exchange

Details

Property type

Apartment

Lot size

0.558 acres

Price per sq ft

$378

Year built

1952

Annual property taxes

$26,004

Price History

12/15/2023
CRMLS

CRMLS #SR23226927

Listed
$5,000,000

Schools & Community

Neighborhood: 

Westchester

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Jpmorgan Chase Bank Na

Loan start date

June 2019

Original loan amount

$1,275,000

Est. remaining balance

Not provided

Interest rate

4.17%

Loan type

Commercial

Seller

11383 Playa Street Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/21/2024 at 6:50 AM

Listing updated: 08/13/2024 at 12:56 PM

Listed by: Steven Salke, United Property Network Phone #: (818) 564-5054

MLS: CRMLS #SR23226927

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