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Dilbeck Real Estate
Real Living
818-790-6774

11922 -11930 Willowbrook Avenue, LOS ANGELES CA, 90059

(Active)
$795,000
|
6,123 sqft
|
MLS# WS13204845
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Listing Provided Courtesy Of: BRAD SCHLAAK
Last Updated: 4/21/2014 3:11 AM
Description for 11922 -11930 Willowbrook Avenue LOS ANGELES, CA 90059
MAJOR PRICE REDUCTION - 100% leased apartment investment with upside! 7.3% Cap Rate and 10.6% Cash-on-Cash on In-Place Rents; 8.2% Cap Rate and 14.5% Cash-on-Cash on Market Rents! Fully-rented 7-unit apartment complex with below-market rents (9.4% below market). No rent control (unincorporated L.A. County). Attractive, one-story courtyard complex with individual metering, on-site parking, garages and storage. Two parcels for disposition and financing optionality (the property may be financeable as two separate 2-4 unit financing executions). Well-maintained asset with over $30,000 spent on improvements over the last two years. Six 2+1 units, plus one 2+1 SFR with extra large living room and storage areas. Tremendous blend of income stability and value-add opportunity!Located near transit and numerous amenities - immediate 105 Freeway access, walking distance to the MTA Willowbrook light rail station (green and blue line connector), and several bus lines in the area; across the street from the Kenneth Hahn Shopping Plaza, and near to Drew / King Medical Center and several parks and schools.
Price
$795,000
Los Angeles
6,123 (approx)
WS13204845
Active
Description
MAJOR PRICE REDUCTION - 100% leased apartment investment with upside! 7.3% Cap Rate and 10.6% Cash-on-Cash on In-Place Rents; 8.2% Cap Rate and 14.5% Cash-on-Cash on Market Rents! Fully-rented 7-unit apartment complex with below-market rents (9.4% below market). No rent control (unincorporated L.A. County). Attractive, one-story courtyard complex with individual metering, on-site parking, garages and storage. Two parcels for disposition and financing optionality (the property may be financeable as two separate 2-4 unit financing executions). Well-maintained asset with over $30,000 spent on improvements over the last two years. Six 2+1 units, plus one 2+1 SFR with extra large living room and storage areas. Tremendous blend of income stability and value-add opportunity!Located near transit and numerous amenities - immediate 105 Freeway access, walking distance to the MTA Willowbrook light rail station (green and blue line connector), and several bus lines in the area; across the street from the Kenneth Hahn Shopping Plaza, and near to Drew / King Medical Center and several parks and schools.
Listing Information
Property Type: Multi-Family
19,668 Sq. Ft. Public Records 6,123 (approx)
$129.84 1954
Public, Water District
In Street, In Street, In Street
7 Total
Neighborhood
Room Information
Exterior / Lot Features
4 Garage Spaces, 4 Parking Spaces
None
No Pool
Financial Considerations
6150023017
Submit, Cash, Cash To New Loan
Income ,$23,552
85500.0000
Semi Annually
Listing Price History

LOS ANGELES Real Estate

LOS ANGELES is located in California. LOS ANGELES, California 90059 has a population of  3,792,621.

The median household income in LOS ANGELES, California 90059 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 90059 is 34.2 years.

Sales History
Tax Info
Listing Provided Courtesy Of: BRAD SCHLAAK BRAD SCHLAAK
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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