Great Investment Opportunity! Multi-Family Investment Income Property with 9 units, great income, and plenty of On-Site Parking. Great mix of units with two large 2 bed + 2 bath units, five 2 bed + 1 bath units, one 1 Bed + 1 bath unit, and a Bachelor unit. Full Occupancy. UNITS ARE SEPARATELY METERED FOR GAS AND ELECTRICITY except Bachelor Unit. SELLER REPRESENTS THE UPGRADES ARE: SOME UNITS HAVE UPGRADED VERTICAL AND HORIZONTAL PLUMBING TO COPPER; SOME UNITS HAVE BEEN REMODELED AND WINDOWS HAVE BEEN REPLACED; AND NEW 100 GAL. WATER HEATER. EASY ACCESS TO DOWNTOWN, HOLLYWOOD, WLA, 10FWY. RENT ROLL AND INCOMES & EXPENSES ARE AVAILABLE UPON REQUEST. Located in Arlington Heights. 2 story building, fully occupied. 15 parking spaces. Comprising 3 addresses into one building, located in the heart of Los Angeles at the corner of 16th place and Arlington Blvd., In a up and coming area that is close to downtown L.A., freeways, and major boulevards. Rent control Area.
Off market
$1,689,100
2605 W 16th Pl, Los Angeles, CA 90019
16beds
7,117sqft
MultiFamily
Built in 1958
-- sqft lot
$1,689,100 Zestimate®
$237/sqft
$1,814 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 11
- Full bathrooms: 11
Heating
- Wall
Cooling
- Wall
Features
- Flooring: Tile, Carpet, Hardwood, Laminate, Linoleum / Vinyl
Interior area
- Total interior livable area: 7,117 sqft
Property
Parking
- Total spaces: 2
- Parking features: Carport, Garage - Attached
Features
- Entry location: Ground Level-NoSteps, Main Level
Lot
- Size: 6,764 sqft
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1958
Community & neighborhood
Location
- Region: Los Angeles
Other
Other facts
- Agreement Type: Excl Rt Sell/Lease
- Property Subtype 1: Residential Income
- Land Lease Type: Fee Simple
- Service Level: Full Service
- Other Prop Features: Balcony, Partial Copper Plumb
- Showing Access: Appointment Only, Accepted Offer, Subject To Inspectn, Call Listing Agent
- State: CA
- Transaction Type: Sale
- Lot Size Source: (Public Records)
- Landlord Pays For: Water
- Flooring: Wood/Wood Like, Carpet, Ceramic Tile, Vinyl Tile, Laminated
- Lot Description: Lot Shape-Rectangle
- Possession: Close Of Escrow, Tenants Rights
- Tenant Pays For: Electricity, Gas, Cable TV
- Water Htr Features: Gas, Multi-Tank, 60+ Gallon Tank
- Square Footage Source: Public Records
- Parking Features: Covered Parking, Private Garage
- Entry Location: Ground Level-NoSteps, Main Level
- Security/Safety: CarbonMonoDetectr(s), Window Bars, Smoke Detector(s)
- Parking Type: Carport, Garage Attached, Tandem, Garage - 1 Door
- Cooling Type: Wall Unit(s)
- Water: Public
- Lease Per Month/Year: See Remarks
- School District: Los Angeles USD
- Subdiv/Trac Code: Not Applicable-C16
- Street Suffix: Place
- Heating Type: Wall Heater
- Building Style: Mid Century
- Stories/Levels: Ground Level, Two
- Special Conditions: Standard
- Street Direction: W
- Foundation: Slab
- Tax ID: 5072033005
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Estimated market value
$1,689,100