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1222 N Avenue 49, Los Angeles, CA 90042

1222 N Avenue 49, Los Angeles, CA 90042
$715,000

Description

Lyon Stahl Investment Real Estate as exclusive listing broker, is pleased to preset an opportunity to acquire a 2-unit building that is situated on a 1991 square foot lot located in the city of Los Angeles. The subject property is located at 1222 N Avenue 49 Los Angeles, CA 90042.

  • The subject property was built in 1940. This two story property consists of a 2-bedroom, 1-bathroom unit and 1-bedroom, 1-bathroom unit with built in laundry and garage
  • Lower unit is a 1 BR/1 BA, approximately 591 SF, with attached garage/studio. Flooring is tile throughout, and also features laundry room with washer/dryer. Upper unit is a 2 BR/ 1 BA approximately 800 SF. Luxury vinyl flooring installed in 2019. Both units have updated kitchens and bathrooms. All appliances are landlord owner and will convey with purchase. Perfect low maintenance rental property.
  • Located a few blocks away from Occidental College. This is a great location on a residential side-street near York Boulevard, rates an amazing 87 Walk Score and places you right around the corner from shopping and dining. Nearby options include Holcomb, Donut Friend, Joy and more. The Gold Line Metro offers a car-free commute to Pasadena and Downtown LA; Glendale, Burbank, and Hollywood are within easy reach.
  • Up and coming area with a new housing development being built one block away.

Property Downloads

  • City: Los Angeles
  • State/county: CA
  • Country: United States

Detail

Updated on August 18, 2020 at 7:29 am

  • Price: $715,000
  • List Date: 6/25/2020
  • Property Size: 1,391 Sq Ft
  • Land Area: 1,991 Sq Ft
  • Year Built: 1940
  • Property Type: Multifamily, Duplex
  • Property Status: Active
  • Numbers of Units: 2
  • GRM: 22.49
  • CAP RATE: 2.65%
  • Price per Unit: $394,500
  • Market GRM: 15.47
  • Market CAP RATE: 4.61%

Contact info

Jack McCann
Jack McCann
(310) 425-9838(310) 408-0121

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