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517 Loma , Los Angeles, CA 90017
Priced at Only: $3,400,000
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Address: 517 Loma , Los Angeles, CA 90017
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  • MLS#: OC26040247 ( Apartment )
  • Street Address: 517 Loma
  • Viewed: 6
  • Price: $3,400,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1954
  • Bldg sqft: 0
  • Days On Market: 47
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90017
  • Provided by: Golden Compass Realty, Inc
  • Contact: Robert Robert
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Well located 12 unit apartment building in the heart of Westlake, directly across from LAPD Newton Division headquarters, which brings a real sense of stability and safety presence to the block. The property is fully occupied and currently produces steady rental income, making it suitable for an owner who wants cash flow from day one. Over time, rents have room to grow as units turn, and the underlying land sits in an area the City is actively encouraging more housing. Its uncommon to find a Westlake property directly across from a police station with this level of zoning flexibility already in place. Opportunities with this combination of location, stability, and future potential dont come up often and when they do, they tend to move quickly.
Features
Association Fee
  1. 0.00
Building Area Total
  1. 8704.00
Carport Spaces
  1. 10.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Country
  1. US
Days On Market
  1. 34
Electric Expense
  1. 36000.00
Entry Location
  1. side of building.
Fuel Expense
  1. 2160.00
Garage Rental Rate
  1. 180.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 1800.00
Insurance Expense
  1. 11000.00
Laundry Features
  1. Gas Dryer Hookup
  2. Washer Hookup
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. Rectangular Lot
  2. Near Public Transit
  3. Park Nearby
  4. Walkstreet
Netoperatingincome
  1. 158747.10
Number Of Rentedgarages
  1. 10
Number Of Separate Electric Meters
  1. 13
Number Of Separate Gas Meters
  1. 13
Parcel Number
  1. 5153006015
Parking Features
  1. Assigned
  2. Carport
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 457220838:CRM
Tenant Pays
  1. Gas
  2. Parking Fee
  3. Cable TV
  4. Electricity
Totalactualrent
  1. 19462.80
Totalexpenses
  1. 76960.00
Trash Expense
  1. 5700.00
Uncovered Spaces
  1. 0.00
Water Sewer Expense
  1. 36000.00
Water Source
  1. Public
Year Built
  1. 1954
Year Built Source
  1. Public Records
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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