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Real Living Pacific Realty
(800)660-9140

8319 South Broadway, LOS ANGELES CA, 90003

(Closed)
Sold Price:
$2,800,000
Date:01/13/2014
|
23,911 sqft
|
MLS# CV13064073
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Listing Provided Courtesy Of: RE/MAX 2000 REALTY
Last Updated: 4/17/2014 7:09 AM
Description for 8319 South Broadway LOS ANGELES, CA 90003
This 25 unit apartment complex is 23,911 square foot enclosed complex on 2 parcels totaling 34,463 square feet located in Los Angeles, California. The property is ideally situated just south of the downtown district and is poised to be re-positioned as market conditions improve and allows for the opportunity to do a condominium conversion project.Evergreen Community consists of 3 apartment buildings. This complex was built in 1987 with a unit mix comprised of 5-One bedroom/one bath, 13-Two bedroom/one bath, & 7-Three Bedroom/two bath units. Due do the age of the property it is not subject to rent control. Utilities are separately metered for gas and electricity. There is tandem parking under the units of all the buildings and some open parking close to the leasing office. There is a laundry room for tenants and a small playground for the kids. All parking is secured with remote access and because it boarders 3 streets there is plenty of off-site parking. There is currently a mortgage by Chase Commercial Term Lending. This loan can be refinanced by the new owner without a penalty after June 1, 2017 to take advantage of lower rates. Buyer must assumed the current loan as part of the sale process.
Price
Sold Price:
$2,800,000
Sold Date:01/13/2014
Los Angeles
23,911 (approx)
CV13064073
Closed
Description
This 25 unit apartment complex is 23,911 square foot enclosed complex on 2 parcels totaling 34,463 square feet located in Los Angeles, California. The property is ideally situated just south of the downtown district and is poised to be re-positioned as market conditions improve and allows for the opportunity to do a condominium conversion project.Evergreen Community consists of 3 apartment buildings. This complex was built in 1987 with a unit mix comprised of 5-One bedroom/one bath, 13-Two bedroom/one bath, & 7-Three Bedroom/two bath units. Due do the age of the property it is not subject to rent control. Utilities are separately metered for gas and electricity. There is tandem parking under the units of all the buildings and some open parking close to the leasing office. There is a laundry room for tenants and a small playground for the kids. All parking is secured with remote access and because it boarders 3 streets there is plenty of off-site parking. There is currently a mortgage by Chase Commercial Term Lending. This loan can be refinanced by the new owner without a penalty after June 1, 2017 to take advantage of lower rates. Buyer must assumed the current loan as part of the sale process.
Listing Information
Property Type: Multi-Family
34,463 Sq. Ft. Public Records 23,911 (approx)
$117.1 1987
Public, Water District
In Street, In Street, In Street
25 Total
Neighborhood
Room Information
Interior Features
Ground Level w/steps
Exterior / Lot Features
56 Garage Spaces, 56 Parking Spaces, Assigned
None
No Pool
LAC2
Driving Directions
see google.com
Financial Considerations
6031034035
$41,275
2012
Submit
Income ,$95,706
324924.0000
Semi Annually
Listing Price History

LOS ANGELES Real Estate

LOS ANGELES is located in California. LOS ANGELES, California 90003 has a population of  3,792,621.

The median household income in LOS ANGELES, California 90003 is $46,901. The median household income for the surrounding county is $52,874 compared to the national median of $50,935. The median age of people living in LOS ANGELES 90003 is 34.2 years.

Sales History
Tax Info
Listing Provided Courtesy Of: RE/MAX 2000 REALTY KUAN SUNG
The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved.
Information is deemed reliable but is not guaranteed.

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505441 - Real Living Pacific Realty
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