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Dilbeck Real Estate
Real Living
818-790-6774

894 CRENSHAW, LOS ANGELES CA, 90005

(Closed)
Sold Price:
$1,398,000
Date:02/28/2014
|
7,516 sqft
|
MLS# 13718567
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Listing Provided Courtesy Of: Re/Max Commercial
Last Updated: 7/27/2014 11:31 PM
Description for 894 CRENSHAW LOS ANGELES, CA 90005
Exceptionally well-located 9-bedroom 9-bath apartment building at the western edge of Mid-Wilshire/Koreatown bordering Hancock Park. Walking distance to 3 buses & Wilshire/Western Metro. Units averaging 825 sf each. Owner spends 5 hours on management per week. Nearly passive investment for an investor, management duties are light and the seller has negotiated excellet rates with vendors (trash, insurance, etc.) that can be passed along to a new buyer. Metering is separate for gas and electricity. Thorough termite work was completed in 2012 and carries a three-year warranty. Three apartments currently at low rents between $600-950 as the owner has not pushed for maximum increases, nearly 20% calculated upside for a buyer. Recently leased units rent for over $1250 attesting to the desirability, quality, and finish of the upgrades. Large, light, bright units have French windows, ceiling fans, radiant heating lights in the bathrooms & mirrored closets. Carpet and flooring are updated.
Price
Sold Price:
$1,398,000
Sold Date:02/28/2014
Los Angeles
7,516 (approx)
13718567
Closed
Description
Exceptionally well-located 9-bedroom 9-bath apartment building at the western edge of Mid-Wilshire/Koreatown bordering Hancock Park. Walking distance to 3 buses & Wilshire/Western Metro. Units averaging 825 sf each. Owner spends 5 hours on management per week. Nearly passive investment for an investor, management duties are light and the seller has negotiated excellet rates with vendors (trash, insurance, etc.) that can be passed along to a new buyer. Metering is separate for gas and electricity. Thorough termite work was completed in 2012 and carries a three-year warranty. Three apartments currently at low rents between $600-950 as the owner has not pushed for maximum increases, nearly 20% calculated upside for a buyer. Recently leased units rent for over $1250 attesting to the desirability, quality, and finish of the upgrades. Large, light, bright units have French windows, ceiling fans, radiant heating lights in the bathrooms & mirrored closets. Carpet and flooring are updated.
Listing Information
Property Type: Multi-Family
7,252 Sq. Ft. Vendor Enhanced (N) 7,516 (approx)
Vendor Enhanced (N) $189.6 1958
Yes Frame and Stucco
9 Total
Neighborhood
Room Information
Interior Features
Freezer, Garbage Disposal, Ice Maker, Refrigerator, Range
Window Air Conditioning, Ceiling Fan(s)
Gas Heat, Wall Unit
Exterior / Lot Features
W Exposure
9 Parking Spaces, Covered Parking, Driveway - Concrete, Assigned, Parking Space, Tandem
50x150
LAR3
Driving Directions
Border of Hancock Park & Mid-Wilshire/Koreatown. 10 Freeway Exit Crenshaw and Head North. North of Olympic South of Wilshire.
Financial Considerations
5092002040
16660.0000
Cash, Cash To New Loan
Electricity, Gas
Income ,$36,198
114899.0000
Semi Annually
Listing Price History

LOS ANGELES Real Estate

LOS ANGELES is located in California. LOS ANGELES, California 90005 has a population of  3,792,621.

The median household income in LOS ANGELES, California 90005 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 90005 is 34.2 years.

Sales History
Tax Info
Listing Provided Courtesy Of: Re/Max Commercial Adam Peterson
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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409774 - Dilbeck Real Estate
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