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1060 N Avenue 50, Los Angeles, CA 90042
--
bed
1
bath
2628
ft2
· 5746
ft2 lot
$1,825,000
$694 / ft2
Listing provided courtesy of Eric Dilanian, Remax Commercial and Investmen.
Source CRMLS.
** Price Reduced by $75,000 ** We are pleased to present for sale a rare opportunity to purchase a 7 unit multi-family asset in one of LA's hottest rental markets North Highland Park! 5 out 7 units have been extensively renovated and are comprised of (7) spacious studios. There have been substantial upgrades to the exterior AND interior units including new windows/doors, an electric panel, individual sub panels, electrical upgrades, new copper plumbing, new flooring, mini-split HVAC units, kitchen cabinets, designer countertops, new stainless steel appliances, bathroom vanities and tile, and in-unit laundry! Seller has plans being submitted to the city to convert two single car garage spaces into an additional 1 Bedroom & 1 Bathroom ADU. The property also offers tenants a large patio space for tenants to enjoy! Past appraisal records indicate gross living area of 2,628 SF while tax assessor shows 2,494 SF, buyer to verify and conduct their own due diligence pertaining to size of structure. EMAIL LISTING AGENT FOR OFFERING MEMORANDUM AND ALL DETAILS!
HOA
$—/month
On market
2 months
Year built
1947
Property type
Multi-Family
Parking
MLS
21712454
Price / Sq.Ft.
$694 / ft2
Status
Active
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Based on a price of $1,825,000
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Property Details
Interior Features & Layout
Appliances
•   
Appliances: Microwave, Refrigerator
•   
Has Appliances
Interior Size
•   
Building Area Total: 2628.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Garage
Building Info
•   
Zoning: LAR1
•   
Stories Total: 2
Lot Info
•   
Lot Size Source: Assessor
•   
Lot Size Acres: 0.1300
•   
Lot Size Area: 5746.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 8
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 114677.00
•   
Total Expenses: 34181.00
•   
Gross Multiplier: 15.44
Tax/Assessment Info
•   
Gross Income: 118224.00
•   
Tax Year: 2020
•   
Taxes: 13596.0
Lease Info
•   
Net Operating Income: 80496.00
Listing Info
•   
Status: Active
Multi Unit Information
Multi Unit Information
•   
# Of Units: 13
Unit 1 Information
•   
Unit 1 Total Units: 7
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1404.00
•   
Unit 1 Total Rent: 9832.00
School Neighborhood & Directions
School Info
•   
Directions: South of York Blvd on the corner of Avenue 50 and Baltimore.
Other
Calculation
•   
Dom: 41
•   
Cdom: 41
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 16, 2021 2:30pm
Neighborhood snapshot
96
Properties for sale
12
Median days on market
$636.15
Median sold price/sqft
106.15%
Sold/List %
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Property History
05/10/2021
05/10/2021
CRMLS #21712454
active
CRMLS #21712454
$1,825,000
--3.95%
03/30/2021
03/30/2021
CRMLS #21712454
active
CRMLS #21712454
$1,900,000
+85.37%
12/18/2017
12/18/2017
Public Record
sold
Public Record
$1,025,000
+561.29%
02/06/1997
02/06/1997
Public Record
sold
Public Record
$155,000
--4.70%
11/05/1996
11/05/1996
Public Record
sold
Public Record
$162,644
+31.70%
See more property history
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