316 North Bixel Street
316 North Bixel Street Los Angeles, California 90026 United States

$1,750,000
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This is an excellent opportunity to purchase a renovated, 8-unit multifamily asset adjacent to Downtown Los Angeles at the intersection of Historic Filipinotown, Echo Park and City West.The classic, two-story property features a well-maintained...

Kidder Mathews of California, Inc.

Listing Courtesy of Kidder Mathews of California, Inc.
$1,750,000
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.08 Acres
Exterior
Residential Income
Property type
1910
Year Built
21107301
Web Id
21107301
MLS ID
Los Angeles Unified
School District
15
days ago

About 316 North Bixel Street

This is an excellent opportunity to purchase a renovated, 8-unit multifamily asset adjacent to Downtown Los Angeles at the intersection of Historic Filipinotown, Echo Park and City West.The classic, two-story property features a well-maintained woodframe and stucco building with vintage, character architecture. The property includes a mix of one-bedroom and studio units. Six of the eight units have been fully remodeled and are achieving strong rents. The two unrenovated units are well below the current market rent and will allow for steady increases or a large increase in income when those units vacate. As an investment, the property is offered at an attractive going-in Cap Rate with over 25% remaining upside. The property was recently repainted with character accents throughout. The common area floors and light fixtures were all upgraded while preserving the character of the Property. The six renovated units feature newer, modern flooring, new paint, fully remodeled kitchens and bathrooms, and upgraded electrical. The property also features a spacious upstairs, outdoor terrace available to the tenants for their use. The property is separately metered for gas and electric and master metered for water. There are individual water heaters for each apartment, and there is also coin-operated laundry on-site. There is no on-site parking so the tenants utilize street parking.

Listing Courtesy of Bryan Glenn, Kidder Mathews of California, Inc., 01441095, Active

Amenities

  • Refrigerator

PROPERTY INFORMATION

Appliances
Disposal, Microwave, Refrigerator

INTERIOR

Interior Features
Ceiling Fan(s)

ADDITIONAL INFORMATION

Number of Units
8

316 North Bixel Street, Los Angeles, California 90026 United States is a Residential Income for Sale for $1,750,000. Was built in 1910,  on a lot of .08 Acres ( m2) and it's composed from .


Listing Courtesy of Kidder Mathews of California, Inc.

Kidder Mathews of California, Inc.

Listing Courtesy of Kidder Mathews of California, Inc.
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Based on information from CRISNet MLS as of at the data was obtained. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.