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PENDING
1980 Chickasaw Avenue, Los Angeles, CA 90041
7
beds
4
baths
7205
ft2
· 89010
ft2 lot
$3,000,000
$416 / ft2
Listing provided courtesy of Eric Dilanian, Remax Commercial and Investmen.
Source CRMLS.
** 3 OUT Of 9 DELIVERED VACANT ** | 11.95 GRM & 5.41% Cap Rate | We are pleased to present for sale Eagle Rock 9, a once in a life-time opportunity to acquire, arguably, the most unique multi-family investment centered in the heart of Eagle Rock, one of LA's most prized and eclectic sub-markets. The Eagle Rock 9 sits on over 2 Acres of land and is comprised of a total of 9 Units, 3 of which will be DELIVERED VACANT for immediate renovation and upside. The 9 units are spread over the sprawling land with a garden and pool for tenants to enjoy as well as plenty of parking availability. Sitting atop a high point in Eagle Rock the 4 Bedroom & 2 Bathroom VACANT house offers impeccable views, patio space, and a tranquil place to call home. This opportunity presents itself to an astute investor looking to renovate and add value to the units currently operating below market level OR an opportunity for future development considering a total land size of over 2 acres - buyer to verify.
HOA
$—/month
On market
7 months
Year built
1969
Property type
Multi-Family
Parking
MLS
20642704
Price / Sq.Ft.
$416 / ft2
Status
Pending
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Property Details
Interior Features & Layout
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
Interior Size
•   
Building Area Total: 7205.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Carport
Property Features
•   
View: Hills, City Lights
•   
Pool Details: Community
Building Info
•   
Zoning: LAR1
Lot Info
•   
Lot Size Source: Assessor
•   
Lot Size Acres: 2.0400
•   
Lot Size Area: 89010.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 4
•   
Total Units: 9
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 243474.00
•   
Total Expenses: 81311.00
•   
Gross Multiplier: 11.95
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 251004.00
•   
Tax Year: 2020
•   
Taxes: 7296.0
Lease Info
•   
Net Operating Income: 162163.00
Listing Info
•   
Status: Pending
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 1903.00
•   
Unit 3 Total Units: 7
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 12915.00
Unit 2 Information
•   
Unit 2 Actual Rent: 2200.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 2200.00
Unit 1 Information
•   
Unit 1 Bedrooms: 4
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 6000.00
•   
Unit 1 Total Rent: 6000.00
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
School Info
•   
Directions: South of Colorado Blvd
Other
Calculation
•   
Dom: 202
•   
Cdom: 202
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 13, 2021 6:11am
Neighborhood snapshot
48
Properties for sale
12
Median days on market
$654.02
Median sold price/sqft
107.09%
Sold/List %
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Property History
04/26/2021
04/26/2021
CRMLS #20642704
pending
CRMLS #20642704
$3,000,000
04/09/2021
04/09/2021
CRMLS #20642704
active
CRMLS #20642704
$3,000,000
--11.76%
11/24/2020
11/24/2020
CRMLS #20642704
active
CRMLS #20642704
$3,400,000
--10.53%
10/06/2020
10/06/2020
CRMLS #20642704
active
CRMLS #20642704
$3,800,000
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