1301 N Stanley Avenue, Los Angeles (City), CA 90046 | MLS 16122102 | Listing Information | Real Living Pacific Realty | Real Living Real Estate
Real Living Pacific Realty
800-660-9140

1301 N Stanley Avenue,  Los Angeles (City) CA, 90046

4 beds , 10 baths
Status: Sold
MLS#: 16122102
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Real Living Pacific Realty
800-660-9140

Listing Provided Courtesy Of: KW Commercial Studio City
Last Updated: 12/7/2016 10:15 PM
Description for 1301 N Stanley Avenue Los Angeles (City), CA 90046
1301 North Stanley Avenue, Los Angeles, CA 90046, a 10 Unit Apartment Community built in 1926. The asset is sited on the prominent corner of Stanley Avenue and Fountain Avenue between Fairfax and La Brea Avenue's. The asset features a very favorable unit mix for the new area Millennial demographic featuring Four Large (4) One Bedroom/One Bathroom, Two (2) Bachelors and Four (4) Large Single apartment Homes. The current owners have completed a tasteful renovation of Four (4) units, which leaves significant RENTAL UPSIDE in the remaining 6 units upon turnover. Parking is provided for 10 vehicles in covered and open format spaces. Additionally, there is NO SOFT STORY RETROFIT requirement pertaining with this property. Gas and Electrical utilities are separately metered, however, the current owner pays for limited utilities for certain units.
Price
Sold Price:
$26,000,000
Sold Date:10/14/2016
LOS ANGELES
4
10
16122102
Closed
Description
1301 North Stanley Avenue, Los Angeles, CA 90046, a 10 Unit Apartment Community built in 1926. The asset is sited on the prominent corner of Stanley Avenue and Fountain Avenue between Fairfax and La Brea Avenue's. The asset features a very favorable unit mix for the new area Millennial demographic featuring Four Large (4) One Bedroom/One Bathroom, Two (2) Bachelors and Four (4) Large Single apartment Homes. The current owners have completed a tasteful renovation of Four (4) units, which leaves significant RENTAL UPSIDE in the remaining 6 units upon turnover. Parking is provided for 10 vehicles in covered and open format spaces. Additionally, there is NO SOFT STORY RETROFIT requirement pertaining with this property. Gas and Electrical utilities are separately metered, however, the current owner pays for limited utilities for certain units.
Listing Information
Property Type: Cluster, Other
4 10
0.14 Acres $5,146.48 1926
Neighborhood
Room Information
Interior Features
A/C - Other
Other, Other
Exterior / Lot Features
SqFt
Driving Directions
Between La Brea and Fairfax Avenue on the corner of Fountain and Stanley Avenue
Financial Considerations
5550031016
Listing Price History

Los Angeles (City) Real Estate

Los Angeles (City) is located in California.

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Courtesy: KW Commercial Studio City Rich Johns
The multiple listings information is provided by The California Desert Association of REALTORS/Desert Area MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are Copyright 2016 The California Desert Association of REALTORS/Desert Area MLS. All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Information is deemed reliable but is not guaranteed.

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