1406 Albany Street
1406 Albany Street
$999,999
8
4
4,044
4,044
$247
Sold 7/8/21
Virtual Tour
Description
Excellent value-add investment in opportunity zone! This spacious Craftsman-style 4-plex with great curb appeal consists of 4 large 1 bedroom and 1 bathroom units that are currently being used as 2 bedrooms. Each unit is about 1,000sf. Two units will be delivered VACANT. Fantastic location near Convention Center, LA Live, Staples Center and Downtown LA. It provides huge upside potential in rents and low maintenance. The units are separately metered for gas and electricity. Each unit has its own water...Excellent value-add investment in opportunity zone! This spacious Craftsman-style 4-plex with great curb appeal consists of 4 large 1 bedroom and 1 bathroom units that are currently being used as 2 bedrooms. Each unit is about 1,000sf. Two units will be delivered VACANT. Fantastic location near Convention Center, LA Live, Staples Center and Downtown LA. It provides huge upside potential in rents and low maintenance. The units are separately metered for gas and electricity. Each unit has its own water heater. There are detached 5 one-car garages in the back of the property. Additional income $300/month for 2 garages. The property is based in Opportunity Zone providing numerous tax benefits. It is located in fast growing neighborhood near Downtown LA Live Hub, USC, public transportation, metro lines, schools, libraries, hospitals, shopping & entertainment. Easy freeway access. Drive by only, offers subject to interior inspection. Please DO NOT disturb tenants.
- Listed by Gabriela Manakova • DRE #01327946 • Brokerage DRE #01327946 • Innovative Property Strategies
Property Details for 1406 Albany Street
Zoning
LAR3
StyleCraftsman
Parcel Number5135030002
Total Units4.0
Living Area4044
Source Living AreaVendor Enhanced
AreaDowntown L.A. (C42)
Vacancy Rate50%
Location
LISTING UPDATED: 07/14/2021 08:13 AM
Property Details for 1406 Albany Street
Status | Sold |
---|---|
MLS # | 20-613898 |
Days on Market | 302 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1917 |
Lot Size | 0.14 AC / 6,002 SF |
County | Los Angeles County |
Location
Virtual Tour
Building Information for 1406 Albany Street
Stories2Residences-Year Built1917Building Size-Lot Size0.14 AC / 6,002 SF
Payment Calculator
$6,528 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1406 Albany Street
Property History for 1406 Albany Street
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1406 Albany Street
Taxable ValueLand$688,500Additions$331,500Total$1,020,000
Tax Record2023$12,849 ($1,071 / month)
Home Facts
Total Finished SqFt4,044 SqFtAbove Grade Finished SqFt4,044 SqFtLot Size6,002 SqFtStyleQuadraplexYear Built1917ZoningLAR3CountyLOS ANGELESAPN5135-030-002
Schools near 1406 Albany Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Magnolia Avenue Elementary School PublicK to 5 | ||
John H. Liechty Middle School Public6 to 8 | ||
Contreras Learning Center-School Of Social Justice Public9 to 12 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.