Address
445 W 70th Street Los Angeles, CA
Price
$ 2,535,000
Property Attributes
  • MLS#21677642
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaDowntown L.A.
  • Zip90003
  • Style
  • Price$ 2,535,000
  • Bedrooms18
  • Full Bathrooms12
  • Half Bathrooms0
  • Sqr Footage9289
  • Lot Size0.33 Acres
Listing Provided Courtesy Of:
Roderick 'Rick' Raymundo with Marcus & Millichap - 818-219-6146
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

Constructed in 2011, the property consists entirely of well-appointed three bedroom townhomes, each above its own private two-car garage. Offered at an attractive 4.25% current CAP Rate, this building provides an investor with a recently-constructed, high-end asset that still generates a strong, stable cash flow. Each spacious floorplan includes three bedrooms and two- and-a-half bathrooms within more than 1,500 square feet. Tenants are attracted to the in-unit washer/dryers, granite countertops, central air/heat, fireplaces, walk-in closets, and high ceilings. Every apartment includes its own private balcony, private patio, breakfast bars, and tile flooring in the kitchen and entryway. A private two-car garage is attached to each unit, offering direct entry to the apartment. Each unit features its own individual water heater, while the entire premises are guarded by a security camera system.

Price History
1/8/2021 Listed $2,535,000

General Features

Heating Central
Listing Agent Roderick 'Rick' Raymundo - BRE#01357019
Listing Agent State License 01357019
Lot Size Square Feet 14197
MLS Area C42 - Downtown L.A.
Property Type Residential Income
Senior Community Y/N No
Special Listing Conditions Standard
Status Active
Total Units 6
Zoning LAC2

Interior Features

Heating Y/N Yes

Exterior Features

Lot Size Acres 0.32
Lot Size Area 14197
Lot Size Units Square Feet
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90003

Price
AVG $860K
$2.54M
Visits
AVG 32
198
Year Built
AVG 1941
2011
Walkscore
AVG 70
74
Data Provided by Walkscore ® not using MLS data

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