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PENDING
541 Solano Avenue, Los Angeles, CA 90012
5
beds
5
baths
14813
ft2
· 13115
ft2 lot
$4,450,000
$300 / ft2
Listing provided courtesy of Reid Shigeno, 13 East Realty, Inc..
Source CRMLS.
Huge upside with this complex!!! Hidden Gem located in Solano Canyon!!! This 18-unit apartment complex is nestled in a quite neighborhood close to Downtown LA, Dodger Stadium, Elysian Park, and Chinatown. One (1) studio apartment, ten (10) 1-bd/1-ba units, three (3) 2-bd/1-ba units, and four (4) 2-bd/2ba units. The complex also has two office/storage units. On-site parking and laundry room. The property is easily accessible from freeways, public transportation, parks, and even hiking trails!!
HOA
$0/month
On market
9 months
Year built
1970
Property type
Multi-Family
Parking
18
MLS
OC20138623
Price / Sq.Ft.
$300 / ft2
Status
Pending
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Common Area, Community
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Heating & Cooling
•   
Cooling Details: Wall/Window Unit(s)
Interior Size
•   
Building Area Total: 14813.00
Property, Lot, Community & Exterior Features
Community Info
•   
Road Frontage Type: City Street
•   
Road Surface Type: Maintained
•   
Number Of Buildings: 1
•   
Total Units: 18
Parking Info
•   
Parking Features: Assigned, Carport, Community Structure, Covered, Driveway, Concrete, Paved, Garage, On Site, Parking Space, Private, Street
•   
Garage Spaces: 18.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: LARD2
•   
Stories Total: 3
•   
Num Stories: Three Or More
•   
Year Built Source: Public Records
Lot Info
•   
Lot Features: Lot 10000-19999 Sqft
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.3011
•   
Lot Size Area: 13115.0000
•   
Lot Size Units: Square Feet
Property Features
•   
Common Walls: 2+ Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 19
•   
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
•   
Number Of Separate Gas Meters: 19
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 11626.00
•   
Licenses Expense: 1502.00
•   
Maintenance Expense: 932.00
•   
Total Actual Rent: 21085.00
•   
Fuel Expense: 3758.00
•   
Trash Expense: 7909.00
•   
New Taxes Expense: 8618.00
•   
Insurance Expense: 5510.00
•   
Professional Management Expense: 17500.00
•   
Total Expenses: 59975.00
•   
Gross Scheduled Income: 254820.00
•   
Operating Expense: 59975.00
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 194845.00
•   
Tax Year: 2019
•   
Taxes: 8882.0
Lease Info
•   
Net Operating Income: 194845.00
Listing Info
•   
Status: Pending
Other
•   
Electric Expense: 2620.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 4370.00
•   
Unit 3 Total Units: 3
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 1.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 4370.00
Unit 2 Information
•   
Unit 2 Actual Rent: 11354.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 10
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 1.00
•   
Unit 2 Total Rent: 11354.00
Unit 4 Information
•   
Unit 4 Actual Rent: 4887.00
•   
Unit 4 Total Units: 4
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 4887.00
•   
Unit 4 Bathrooms: 2
•   
Unit 4 Garage Spaces: 1.00
•   
Unit 4 Bedrooms: 2
Multi Unit Information
•   
# Of Units: 4
•   
Number Of Units Leased: 18
Unit 1 Information
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 1.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 624.00
•   
Unit 1 Total Rent: 624.00
School Neighborhood & Directions
Location
•   
Community Features: Biking, Curbs, Foothills, Hiking, Gutters, Park, Mountainous, Ravine, Sidewalks, Storm Drains, Street Lights, Urban
School Info
•   
Directions: From 110N, exit Solano Avenue. Property on the east side of the street
Virtual Tour Link
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Other
Calculation
•   
Dom: 246
•   
Cdom: 624
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 23, 2021 6:37am
Neighborhood snapshot
62
Properties for sale
45
Median days on market
$585.12
Median sold price/sqft
96.76%
Sold/List %
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Property History
03/17/2021
03/17/2021
CRMLS #OC20138623
pending
CRMLS #OC20138623
$4,450,000
07/14/2020
07/14/2020
CRMLS #OC20138623
active
CRMLS #OC20138623
$4,450,000
--11.00%
07/01/2019
07/01/2019
CRMLS #OC19176056
active
CRMLS #OC19176056
$5,000,000
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