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640 San Julian Street, Los Angeles, CA 90014$1,795,000

--
bed
7
baths
6592
ft2
· 4346
ft2 lot
$272 / ft2

Listing provided courtesy of David Holstein, The Holstein Group
Source CRMLS;
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Located in the heart of the Skid Row District of Downtown Los Angeles, this 29 unit apartment complex is a fantastic opportunity to own a housing community that can be either be profit driven via government subsidies/grants/Section 8 vouchers, or by a charitable organization / philanthropist, or a traditional investor. The interior set up consists of 21 rooms with common baths 7 rooms with a private Bathroom & Shower, and 1 room with an extra kitchen area. This brick construction asset has been maintained over the last century with upgrades and retrofit as required. Many rooms have been upgraded during the last 5 years. There is no parking on site - however adjacent parking lots are commonly available.

HOA

$—/month

On market

2 months

Year built

1908

Property type

Multi-Family

Parking

MLS

SB21186825

Price / Sq.Ft.

$272 / ft2

Status

Active

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Home details for 640 San Julian Street

Interior Features & Layout
Appliances
•   
Laundry Details: 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
Interior Size
•   
Building Area Total: 6592.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 0.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: LAR5
•   
Stories Total: 2
•   
Num Stories: Two
•   
Year Built Source: Public Records
Lot Info
•   
Lot Features: 0-1 Unit/Acre
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.0998
•   
Lot Size Area: 4346.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 29
Property Features
•   
Common Walls: 2+ Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 1
•   
Number Of Separate Gas Meters: 1
•   
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: 6000.00
•   
Supplies Expense: 2345.00
•   
Workmans Compensation Expense: 5000.00
•   
Licenses Expense: 1000.00
•   
Maintenance Expense: 14000.00
•   
Pest Control Expense: 2000.00
•   
Fuel Expense: 1.00
•   
Trash Expense: 3000.00
•   
New Taxes Expense: 23687.00
•   
Insurance Expense: 7550.00
•   
Vacancy Allowance: 24229
•   
Professional Management Expense: 6000.00
•   
Total Expenses: 94630.00
•   
Gross Scheduled Income: 242292.00
•   
Tax Block: B
•   
Operating Expense: 94630.00
•   
Rent Control Yn: 1
•   
Furniture Replacement Expense: 4000.00
Tax/Assessment Info
•   
Gross Income: 242292.00
Lease Info
•   
Net Operating Income: 123433.00
Listing Info
•   
Status: Active
Other
•   
Electric Expense: 9548.00
•   
Cable Tv Expense: 2500.00
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 954.00
•   
Unit 2 Total Units: 7
•   
Unit 2 Furnished Units: Partially
•   
Unit 2 Bathrooms: 7
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 6678.00
Unit 3 Information
•   
Unit 3 Actual Rent: 400.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Partially
•   
Unit 3 Garage Spaces: 0.00
•   
Unit 3 Total Rent: 400.00
Multi Unit Information
•   
# Of Units: 3
•   
Price Per Unit: 61897
Unit 1 Information
•   
Unit 1 Total Units: 21
•   
Unit 1 Furnished Units: Partially
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Actual Rent: 610.00
•   
Unit 1 Total Rent: 12813.00
School Neighborhood & Directions
Location
•   
Community Features: Sidewalks
School Info
•   
Directions: Between San Pedro and 6th St - Skid Row District

Neighborhood snapshot

Flyhomes
California
Los Angeles County
Los Angeles
Downtown Los Angeles
10
Properties for sale
37
Median days on market
$684.29
Median sold price/sqft
97.65%
Sold/List %
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Property History for 640 San Julian Street

08/23/2021
08/23/2021
CRMLS #SB21186825
active
CRMLS #SB21186825
$1,795,000

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