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11812 Hart Street

Los Angeles (City), CA 91605
  • $3,075,000
  • STATUS: Active
  • ON SITE: 37 Days
  • ID#: DW21236414
UPDATED: 10 min ago
$3,075,000
  • 0
    BEDS
  • 0.32
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1962
County:

School Ratings & Info

Listing Agent: Chris Orellana of Lifetime Realty Inc.


Description

This is a development opportunity with 12 occupied units with land attached behind being sold with ready to issue permits for construction of 5 new units. Price is based on $2,550,000 for the existing units and $550,000 for the land with ready to issue permits. This was two lots that have been joined.The existing units have mostly been remodeled and all have central air conditioning, tiled floors, 3 pane sound insulated windows, heavy duty sound proof doors, most have granite counter tops. There is a laundry room with landlord owned machines. Most units are below market and have a large upside in rents. The development portion is land attached to the 4 units at 11808 There a plans approved and ready to pull permits for 5 new inits. The electrical system has already been upgraded with a main panel able to handle the new units. This is an easy build with mostly all wood construction. on grade. The plumbing main has been enlarged as well and ready to go. The walkway downstairs has already been replaced according to plans so that the hosing department has approved the new units being built without having any tenants have to move. There is no demolition or grading needed. It is ready to build and break ground.. The property has two electric security gates The new units will consist of 2-2-bed 2 1/2 bath 2 story units and 2- 1bed 1 bath units and 1 handicapped single. All parking added has been approved for new units.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-03T23:27:41.567. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RGA Homes | Coldwell Banker Realty. Licensed in the State of California, USA.
www.rgahomes.com/homes/122771169
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11812 Hart Street Los Angeles (City), CA 91605

  • Price: $3,075,000
  • Status: Active
  • On Site: 37 Days
  • Updated: 10 min ago
  • ID#: DW21236414
0
Beds
0
Baths
0
½ Baths
0.32
Acres
1962
Built
Neighborhood:
699 - Not Defined
County:
Los Angeles
Area:
699 - Not Defined
Property Description
This is a development opportunity with 12 occupied units with land attached behind being sold with ready to issue permits for construction of 5 new units. Price is based on $2,550,000 for the existing units and $550,000 for the land with ready to issue permits. This was two lots that have been joined.The existing units have mostly been remodeled and all have central air conditioning, tiled floors, 3 pane sound insulated windows, heavy duty sound proof doors, most have granite counter tops. There is a laundry room with landlord owned machines. Most units are below market and have a large upside in rents. The development portion is land attached to the 4 units at 11808 There a plans approved and ready to pull permits for 5 new inits. The electrical system has already been upgraded with a main panel able to handle the new units. This is an easy build with mostly all wood construction. on grade. The plumbing main has been enlarged as well and ready to go. The walkway downstairs has already been replaced according to plans so that the hosing department has approved the new units being built without having any tenants have to move. There is no demolition or grading needed. It is ready to build and break ground.. The property has two electric security gates The new units will consist of 2-2-bed 2 1/2 bath 2 story units and 2- 1bed 1 bath units and 1 handicapped single. All parking added has been approved for new units.
Exterior Features

Lot Features 2-5 Units/Acre

Interior Features

Cooling Central Air Cooling YN Yes

Property Features

Additional Parcels YN No Common Interest None Gross Scheduled Income 189456 Laundry Features Inside Listing Agreement Exclusive Right To Sell Net Operating Income 135533 Operating Expense 36537 Property Sub Type Multi Family Special Listing Conditions Standard Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-03T23:27:41.567. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RGA Homes | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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RGA Homes | Coldwell Banker Realty
3790 Via De La Valle Suite 301
Del Mar CA, 92014
Listing Agent: Chris Orellana of Lifetime Realty Inc.