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560 Gladys Avenue, Los Angeles, CA 90013
--
bed
--
bath
· 3845
ft2 lot
$3,650,000
Listing provided courtesy of Daniel Shamooelian, BRC Advisors- BH.
Source CRMLS.
PRICE REDUCED! We are pleased to present for sale a 67 unit "SRO" style building located near the Arts District in Downtown LA. The property is a former Residential Hotel and is currently operating as an apartment building. SRO units = rooms with shared bathrooms, with 2 bathrooms on each floor. 14 units are currently vacant, which provides for an excellent VALUE-ADD opportunity with over 30% upside in rents! The property is 100% sprinklered and the plumbing has been updated. Potential for more units to be vacated prior to the close of escrow. Low price per door at $60,000/door. Property to be sold As-Is. Interior inspection subject to accepted offer. Contact agent for more details!
HOA
$—/month
On market
9 months
Year built
1913
Property type
Multi-Family
Parking
MLS
20614370
Price / Sq.Ft.
ft2
Status
Active
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Based on a price of $3,650,000
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Property Details
Property, Lot, Community & Exterior Features
Lot Info
•   
Zoning: LAM2
•   
Lot Size Acres: 0.0800
•   
Lot Size Area: 3845.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 67
Building Info
•   
Stories Total: 4
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 378684.00
•   
Total Expenses: 150173.00
•   
Gross Multiplier: 9.60
Tax/Assessment Info
•   
Gross Income: 378684.00
Lease Info
•   
Net Operating Income: 209577.00
Listing Info
•   
Status: Active
Multi Unit Information
Multi Unit Information
•   
# Of Units: 13
Unit 1 Information
•   
Unit 1 Total Units: 67
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Actual Rent: 471.00
•   
Unit 1 Total Rent: 31557.00
School Neighborhood & Directions
Location
•   
Directions: West of Central Ave, East of San Pedro Street, North of 6th Street
Other
Calculation
•   
Dom: 85
•   
Cdom: 85
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 12, 2021 4:11pm
Neighborhood snapshot
35
Properties for sale
33
Median days on market
$672.93
Median sold price/sqft
98.13%
Sold/List %
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Property History
10/26/2020
10/26/2020
CRMLS #20614370
active
CRMLS #20614370
$3,650,000
--1.35%
10/26/2020
10/26/2020
CRMLS #20614370
active
CRMLS #20614370
$3,700,000
--7.48%
09/01/2020
09/01/2020
CRMLS #20614370
active
CRMLS #20614370
$3,999,000
--0.03%
08/05/2020
08/05/2020
CRMLS #20614370
active
CRMLS #20614370
$4,000,000
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