Water Views
Address
1110 S Lake Street Los Angeles, CA
Price
$ 4,650,000
Property Attributes
  • MLS#20632272
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaDowntown L.A.
  • Zip90006
  • Style
  • Price$ 4,650,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size8,276 SqFt
Listing Provided Courtesy Of:
Adam Peterson with CB Richard Ellis, Inc.
Property Description

AVAILABLE NOW The Lakeview Terrace apartments located in historic Pico-Union, Los Angeles. 27 professionally-managed units with over 25% upside situated on a wide street bounded by turn of the century homes and apartments. Investment-grade multifamily asset, stabilized 6% cap, separately metered for gas and an excellent opportunity to implement RUBS. Attractive assumable financing in-place (see Offering Memorandum Year-3 Forecast and call for details). Gated parking lot for 5, a mix of 9 1-bedroom 1-bath and 18 studio apartments, approximately 9 of 27 renovated with original hardwood flooring, exposed masonry walls, quartz counter tops and period appointments. Beau arts design, gentrifying location, $172k/unit, big upside, what a deal!

Price History
9/14/2020 Listed $4,650,000

General Features

Appliances Disposal
Co-Listing Agent Last Name Frapech
Co-Listing Agent Last Name Alexander
Co-Listing Agent State License # 02026469
Co-listing Agent Alexander Frapech - BRE#02026469
Construction Materials Brick
Directions South Lake St. between Olympic and Pico Blvds.
Flooring Wood, Laminate
Listagentaor Beverly Hills/Greater LA
Listing Agent Adam Peterson - BRE#01815802
Listing Agent State License 01815802
MLS Area C42 - Downtown L.A.
Parking Features Controlled Entrance
Pool Features None
Security Features Card/Code Access, Gated Community, Fire Sprinkler System
Source System CRMLS
Spa Features None
Special Listing Conditions Standard
Total Units 27
View City Lights
Zoning LACR

Interior Features

Appliances Y/N Yes
Laundry Features Community
Laundry Y/N Yes
Total Stories 3
Window Features Double Pane Windows

Exterior Features

Lot Size Acres 0.1900
Lot Size Area 8711.0000
Lot Size Source Assessor
Lot Size Square Feet 8711.00
Lot Size Units Square Feet
Number of Buildings 1
Parking Y/N Yes

Amenities

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

Property vs Zip Code Average in 90006

Price
AVG $1.61M
$4.65M
Visits
AVG 29
15
Year Built
AVG 1924
1917
Walkscore
AVG 91
95
Data Provided by Walkscore ® not using MLS data

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