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Listed by Eduard Khachatryan • Luxury Homes International
$3,599,999
Est. payment /mo
10,884 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,884 sqft
Price per Sqft $330
MLS Listing ID CRGD25134242
HOA Y/N No
Year Built 1980
Lot Size 7,488 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
Global Equity Partners and Eduard Khachatryan proudly bring you the one of the rarest and unique apartment buildings available for sale. 210 S Commonwealth Ave is a multi-family property located in the Koreatown neighborhood of Los Angeles, CA. It is specifically an apartment building with 14 units. The property was built in 1980 and has a total structure area of 10,884 sq ft. The lot size is 7,488 sq ft. 10 x 2 Bedroom 1 Bathroom Units with average size of 900 sq ft, 4 X 1 Bedroom Bathroom Units with average size of 700 sq ft. It features 24 bedrooms and 14 bathrooms. The building has 2 stories and has been properly maintained and cared for as needed always. Property has 18 total spaces, including a garage, balconies and laundry facilities for more convenience to tenants and additional income for the owner. 80% of lease agreements are on month to month, rents below market with huge upside potential. Current Monthly Gross Income $ 25,400, $304,800 Annual. Pro Forma Monthly Rent Income $33,800: $405,600 Annual 2 of the units (1 Bedroom, 1 Bathroom and 1 Bedroom 1 Bath) may be delivered vacant. More details available upon request.
Location
State CA
County Los Angeles
Interior
Heating Natural Gas
Cooling Central Air
Fireplace No
Laundry Other
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