$4,500,000 2315 W 54th Street Los Angeles, CA

MLS: SR18080029   Type: Income   County: Los Angeles   City: Los Angeles   Zip: 90043     Stories: 2

Mortgage $21,127 /mo



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Altman Apartments LLC is pleased to present the exclusive offering - Fifty Fourth Street Townhomes. This is a 14-unit townhome community in the Park Mesa Heights neighborhood of the city of Los Angeles. This property was built in 1993 and therefore is not subject to the local rent control ordinance. Due to the building codes in place for the year of construction, there is no soft story retrofit required for these structures. The property consists of two buildings with 7 townhomes each and subterranean parking. The entire property is secured with locking pin pad gates and remote controlled access for parking. All 14 units have independent central heat and air as well as independent hot water heaters. There are 14 separate meters for both gas and electric. An onsite laundry room serves the community and there are 3 additional storage areas for maintenance supplies or additional rental income. There are a total of 30 secure tandem parking spaces on site for residents, of which only two are currently charged rent at $50 per month, representing an additional potential source of income. There are four section 8 tenants and ten market rate tenants residing at the property. Market rent is currently $1,850 - $2,250 per month depending on the level of upgrades for each unit. There is an assumable interest only loan on the property in the amount of $2,018,000 with 4.125% interest rate through Opus Bank for qualified buyers.

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Price History

4/9/2018 Listed $4,850,000
4/16/2018 8% - $4,500,000

Attached Structure Attached
Community Features Suburban
Levels Two
Listagentstatelicense 01965826
Listing Agent Logan Altman - BRE#01965826
MLS Area 699 - Not Defined
Number of Units Leased 14
Price Per Square Foot 353.77
Property Attached Y/N 1
Senior Community Y/N 0
Special Listing Conditions Standard
Total Units 14
Zoning LAC2

Interior Features

Air Conditioning Y/N 1
Average1bedareaunits Square Feet
Average2bedareaunits Square Feet
Average3bedarea 908
Average3bedareaunits Square Feet
Averagestudioareaunits Square Feet
Common Walls 2+ Common Walls
Cooling Central
Heating Central Furnace
Heating Y/N 1
Laundry Features Community
Laundry Y/N 1

Exterior Features

Building Area Total 12720.00
Construction Materials Frame, Stucco
Garage Spaces 28.00
Land Lease Y/N 0
Lot Features Lot 10000-19999 Sqft
Lot Size Source Assessor
Lot Size Square Feet 11511.00
Lotsizeunits Square Feet
Number of Buildings 2
Number of Separate Electric Meters 14
Number of Separate Gas Meters 14
Number of Separate Water Meters 1
Parking Features Assigned, Controlled Entrance, Driveway - Concrete, Subterranean
Parking Y/N 1
Pool Features None
Private Pool Y/N 0
Road Frontage Type Alley, City Street
Total Parking 30.00
Uncoveredspaces 2.00
Water Source Public

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Property vs Zip Code Avg (90043)

Price 4.50M Avg 1.39M

Sqr Feet 12,720 Avg 4,772

Cost / Sqr Ft $354 Avg $293

Acres 0.264256 Avg 0.19

Visits 5 Avg 13

Days on Site 12 Avg 65

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Listing Provided Courtesy Of: Logan Altman with Altman Apartments LLC.

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Location & Address

Scott Shambley - BRE#01946228
2603 Camino Ramon Suite 200
San Ramon, CA