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Listed by Arbi Baghoomian • Americana Real Estate Services
$1,849,000
Est. payment /mo
6,702 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,702 sqft
Price per Sqft $275
MLS Listing ID CRGD25112549
HOA Y/N No
Year Built 1912
Lot Size 3,215 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
Americana Real Estate Services is proud to present the pride of ownership Toluca North Apartments with a CAP 6.3% Rate - a remarkable (12) unit multifamily investment opportunity, situated on a corner lot in Echo Park, across the street from Vista Hermosa Natural Park and within close proximity to the Downtown Los Angeles. The well-maintained two story structure offers gated access and incredible unit views to Downtown LA. A bountiful unit mix of 5 (1BD/1BA+Den) and 7 (Studio+1BA), rarely found in assets like this and all tenants are current. Many of the units have been upgraded and each unit is over 500sqft. All units have individual water heaters. Laundry area consists of One Commercial Washer and One Commercial Dryer that are owned, not leased. With a combined building income of $15,825, ease of management, and most tenants on month to month leases, Toluca North offers extreme upside for an investor to take over an exceptional, low-maintenance asset.
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Wood
Fireplace No
Appliance Dryer
Laundry Common Area, Dryer, Washer, Other
Exterior
View Park/Greenbelt, Panoramic, Other
Building
Lot Description Corner Lot
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