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11316 Victoria Ave

Los Angeles, CA 90066
  • $2,999,000
  • STATUS: Active
  • ON SITE: 110 Days
  • ID#: 21-768246
UPDATED: 48 min ago
$2,999,000
  • 12
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,560
    SQFT
  • $457
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1955
County:

School Ratings & Info

Description

A great investment property perfect for the investor client to add to his portfolio or for your 1031 clients. This 6 unit single building sits at the corner of Victoria and Corinth at the enclave of a much sought after residential neighborhood. In anticipation of selling the owner has left 3 units vacant. All units are 2 bedrooms and 1 bath with varying degrees of remodeling and each having either a private balcony or patio. Parking consists of carport parking with storage units. Coin laundry owned by the Seller. All units have individual addresses. Cap rate and GRM are calculated on actual with 3 units vacant during the last quarter. Buyer to cooperate in a 1031 tax deferred exchange at no cost to the Buyer.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-28T20:42:57.367. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.cgluxuryhomesla.com/homes/120231030
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11316 Victoria Ave Los Angeles, CA 90066

  • Price: $2,999,000
  • Status: Active
  • On Site: 110 Days
  • Updated: 48 min ago
  • ID#: 21-768246
12
Beds
0
Baths
0
½ Baths
0.15
Acres
6,560
SQFT
$457
$/SQFT
1955
Built
Neighborhood:
Palms - Mar Vista
County:
Los Angeles
Area:
Palms - Mar Vista
Property Description
A great investment property perfect for the investor client to add to his portfolio or for your 1031 clients. This 6 unit single building sits at the corner of Victoria and Corinth at the enclave of a much sought after residential neighborhood. In anticipation of selling the owner has left 3 units vacant. All units are 2 bedrooms and 1 bath with varying degrees of remodeling and each having either a private balcony or patio. Parking consists of carport parking with storage units. Coin laundry owned by the Seller. All units have individual addresses. Cap rate and GRM are calculated on actual with 3 units vacant during the last quarter. Buyer to cooperate in a 1031 tax deferred exchange at no cost to the Buyer.
Exterior Features

Carport Spaces Total 4 Covered Parking 4 Lot Size Area 6642 Other Structures None Parking Garage Carport AttachedAssigned Total Parking 4

Interior Features

Baths Total 6.00 Cooling None Equipment DishwasherGarbage DisposalRange/OvenRefrigerator Heating Wall Electric

Property Features

Assessed Total Value 388297 Electric Expense 6387.00 Gardener Expense 2250.00 Gross Income 116 Gross Operating Income 135462 Insurance Expense 4247.00 Like Units1 2 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Maintenance Expense 4343.00 Net Operating Income 109496.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 25966 Trash Expense 2954.00 Type Of Units Apartments Year Built Source Assessor Zoning Lar3

Listing provided courtesy of Robin Dahlstrom DRE#01131013 of Re/Max Estate Properties.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-28T20:42:57.367. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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