Blowout price. Already RTI!!! Not desperate. Moving cash into a different business. Best RTI Price in L.A.!!!!!!! 36-Unit Apartment Entitlement RTI • 500 W Alondra Los Angeles 90248 (New Address) • 16101 S Figueroa St Los Angeles 90248 (Former Address) • Units: 36 (33 Market, 3 Restricted) • Unit Mix: 3 bed, 2 bath (All) • Parking: 54 Stalls, 2 Levels • Size in SF: Building 36K, Parking 24K, Roof Top 6.3K • Market Rent $2641 (33x) – Matches L.A. Section 8 Amount (2019) • Restricted Rent $914 (3x) – Allowable Rent by HUD (2019) • Gross Monthly Rent: $89,895 (100% Occupancy) • Gross Annual Rent: $1,078,740 (100% Occupancy) • Expenses: $210,681 o Property Tax: $137,500 (Assessor Valuation of combined Land and Build Cost of 11M) • RTI, includes MEP Additional Features: • Each Unit with Washer/Dryer • Each Parking Level has its own Ingress/Egress • Ample Bike Parking • Abundance of Outdoor Roof Decks • Fully Secured Building • ADA Accessible • Elevator Access • Efficient Unit Layouts
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Listing information last updated on August 10th, 2020 at 12:30pm PDT.
Based on information from California Regional Multiple Listing Service, Inc. as of August 10th, 2020 at 12:36pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.