1264 W Court Street, Los Angeles, CA 90026 | MLS 14790405 | Listing Information | Real Living Pacific Realty | Real Living Real Estate
Real Living Pacific Realty
800-660-9140

1264 W Court Street,  Los Angeles CA, 90026

3,833 sqft
Status: Sold
MLS#: 14790405
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Real Living Pacific Realty
800-660-9140

Listing Provided Courtesy Of: Rosano Partners
Last Updated: 12/5/2016 9:08 PM
Description for 1264 W Court Street Los Angeles, CA 90026
We are pleased to present the opportunity to acquire a four-plex located in the heart of Echo Park. Built in 1914 the subject property offers a unit mix of 1 four-bedroom two-bathroom, 2 one-bedroom one-bathroom, and 1 two-bedroom one-bathroom. Gas and electricity are separately metered while water is mastered. The property has been maintained by the owner as he converted 50% of the plumbing to copper. The construction is made up of stucco and wood-frame and accommodates 5 parking spots for on-site tenants. The average rent per square foot is $1.30 while the market rent is more than $1.71 per square foot depending on improvements and finishes. With rents being 23.9% below market in a location that is continuing to gentrify, a savvy investor can understand why they don't want to miss this opportunity. PLEASE DO NOT DISTURB TENANTS.
Price
Sold Price:
$825,000
Sold Date:08/20/2015
Los Angeles
3,833 (approx)
14790405
Closed
Description
We are pleased to present the opportunity to acquire a four-plex located in the heart of Echo Park. Built in 1914 the subject property offers a unit mix of 1 four-bedroom two-bathroom, 2 one-bedroom one-bathroom, and 1 two-bedroom one-bathroom. Gas and electricity are separately metered while water is mastered. The property has been maintained by the owner as he converted 50% of the plumbing to copper. The construction is made up of stucco and wood-frame and accommodates 5 parking spots for on-site tenants. The average rent per square foot is $1.30 while the market rent is more than $1.71 per square foot depending on improvements and finishes. With rents being 23.9% below market in a location that is continuing to gentrify, a savvy investor can understand why they don't want to miss this opportunity. PLEASE DO NOT DISTURB TENANTS.
Listing Information
Property Type: Cluster, Other
0.16 Acres 3,833 (approx) $215.24
1914
4 Total
Neighborhood
Room Information
No Laundry Facility
Interior Features
None
None
Exterior / Lot Features
5 Parking Spaces, Driveway
LACW
Driving Directions
The subject property is situated on 1264 Court St near Betty Plasencia Elementary School. The property lies near the intersection of Beverly Boulevard and Glendale Boulevard. Being less than a mile from many schools, restaurants, and entertainment option>
Financial Considerations
5160019033
,$15,438
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90026 has a population of 3,804,503.

The median household income in Los Angeles, California 90026 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90026 is 34.1 years.

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Courtesy: Rosano Partners Sagiv Rosano
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