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720 Milwaukee Avenue, Los Angeles, CA 90042
4
beds
2
baths
· 5605
ft2 lot
$2,065,000
Listing provided courtesy of Rich Johns, KW Commercial Studio City.
Source CRMLS.
720 Milwaukee Avenue is a 5-Unit apartment community located in Highland Park. It consists of five apartments units within two separate structures on a 5,604 SF lot. The stand-alone house is two bedrooms and one bathroom and quintessential L.A. bungalow-style and has been updated throughout. Each of the four townhomes consists of two bedrooms and one and a half bathrooms. They are two-story townhome-style units with the living room, kitchen and half bathroom on the first level and the two bedrooms and full bathroom on the second level. Three of the five units have been renovated and the property demonstrates a proven concept that a meaningful renovation will achieve exceptional market rent. Updates include new attractive flooring, new bathrooms and kitchens with stylish marble, cabinetry and tiling and new appliances, and washer and dryer hook-ups.
HOA
$—/month
On market
8 months
Year built
1922
Property type
Multi-Family
Parking
MLS
20614692
Price / Sq.Ft.
ft2
Status
Active
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Property Details
Interior Features & Layout
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
•   
Cooling Details: Wall/Window Unit(s)
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Assigned, Parking Space
Lot Info
•   
Zoning: LARD2
•   
Lot Size Source: Assessor
•   
Lot Size Acres: 0.1200
•   
Lot Size Area: 5605.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 5
Building Info
•   
Stories Total: 2
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 149506.00
•   
Total Expenses: 39352.00
•   
Gross Multiplier: 13.60
Tax/Assessment Info
•   
Gross Income: 151016.00
•   
Tax Year: 2020
•   
Taxes: 15571.0
Lease Info
•   
Net Operating Income: 110154.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 2322.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 4
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 9285.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 3300.00
•   
Unit 1 Total Rent: 3300.00
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
Location
•   
Directions: GPS
Other
Calculation
•   
Dom: 36
•   
Cdom: 36
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 18, 2021 1:54pm
Neighborhood snapshot
92
Properties for sale
13
Median days on market
$632.85
Median sold price/sqft
105.13%
Sold/List %
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Property History
08/06/2020
08/06/2020
CRMLS #20614692
active
CRMLS #20614692
$2,065,000
+72.08%
08/13/2018
08/13/2018
Public Record
sold
Public Record
$1,200,000
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