1932 Park Avenue

Los Angeles, CA 90026

$1,300,000
Price
4
Beds
4
Baths
2,660 Sq. Ft.
$489 / Sq. Ft.
2,660
Sq. Ft.
$489
per Sq. Ft.

Description

Location! Location! Location! Charing 4 unit apartment building steps from Echo Park lake and Sunset Blvd dining and nightlife. Each unit is One Bed/Bath. One unit is vacant. Property has all copper plumbing, no HVAC, 200 amp electrical, and foundation is bolted. All work has been done with permit. Individual gas & power and each unit has it's own water heater. Sited on 6,232 SF lot that fronts Park and Bonnie Brae. Current monthly income $6,794. Developer alert! Seller has TOC & CDO approved plans...Location! Location! Location! Charing 4 unit apartment building steps from Echo Park lake and Sunset Blvd dining and nightlife. Each unit is One Bed/Bath. One unit is vacant. Property has all copper plumbing, no HVAC, 200 amp electrical, and foundation is bolted. All work has been done with permit. Individual gas & power and each unit has it's own water heater. Sited on 6,232 SF lot that fronts Park and Bonnie Brae. Current monthly income $6,794. Developer alert! Seller has TOC & CDO approved plans for 14-Unit apartment building and 3 ADU's can be added! Inclusive of the 14 units, (3) units will be affordable [ (2) ELI and (1) VLI ]. Construction documents available, but have not been submitted to plan check. Seller will not deliver RTI. Seller will not relocate existing tenants. Laundry is on site (coin op) and each unit has it's own water heater.
  1. Listed by Sabina Yi • DRE #01964836 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 1932 Park Avenue

Water Front
None
Zoning
LAR3
Style
Traditional
Parcel Number
5404002014
Total Units
4.0
Living Area
2660
Source Living Area
Vendor Enhanced
Area
Silver Lake (671)

Location

Listing Courtesy of Keller Williams Beverly Hills, Sabina Yi, DRE #01964836
Add your commute
LISTING UPDATED: 02/27/2024 11:42 AM

Property Details for 1932 Park Avenue

StatusActive
MLS #24-345417
Days on Market109
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.15 AC / 6,322 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Beverly Hills, Sabina Yi, DRE #01964836
Add your commute

Building Information for 1932 Park Avenue

Stories2Residences-Year Built1948Building Size-Lot Size0.15 AC / 6,322 SF

Payment Calculator

$7,564 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,095

Property Taxes

$469

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1932 Park Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Quadruplex
  • View: Yes
  • View Description: Lake, City Lights
  • View: Lake, City Lights
  • Security Features: Carbon Monoxide Detector(s), Fire Sprinklers, Smoke Detector
  • Direction Faces: East
  • Water: District
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: Building Plans Available, Soils Report, Seller/Owner/Principal RE Licensed
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $81,528
  • Net Operating Income: $60,838.00
  • Gross Income: $81,528
  • Cap Rate: 4.60%
  • Gross Rent Multiplier: $15.94
  • Actual Gross Annual Income: $44,820
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 20690
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.1451
  • Lot Size Square Feet: 6322
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 4
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Other, Refrigerator, Range/Oven, Garbage Disposal, Microwave, Dishwasher
  • Common Walls: Detached/No Common Walls
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-09-2024
  • Rent Control: Yes
  • Rent Control: 75
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,751.00
  • Unit Actual Rent: $1,751.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,183.00
  • Unit Actual Rent: $1,183.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $860.00
  • Unit Actual Rent: $860.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $166,884.00
  • Assessed Improvement Percent: 40.17
  • Assessed Land Value: $248,554.00
  • Assessed Land Percent: 59.83
  • Assessed Total Value: $415,438.00

Property History for 1932 Park Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1932 Park Avenue

Taxable ValueLand$258,595Additions$173,625Total$432,220
Tax Record2023$5,625 ($469 / month)
Home Facts
Total Finished SqFt2,660 SqFtAbove Grade Finished SqFt2,660 SqFtLot Size6,323 SqFtStyleQuadraplexYear Built1948ZoningLAR3CountyLOS ANGELESAPN5404-002-014

Schools near 1932 Park Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 8
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Camino Nuevo Charter Academy No. 4
CharterK to 8

Thomas Starr King Middle School
Public6 to 8

Edward R. Roybal Learning Center
Public9 to 12

Miguel Contreras Learning Complex School
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

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1932 Park Avenue is a multi-family home for sale in Los Angeles, CA 90026. This property was listed for sale on January 9, 2024 by Keller Williams Beverly Hills, it's currently listed at $1,300,000. It has been on the market for a total of 109 days and was last sold on February 1, 2011. This listing's school district is Los Angeles Unified School District. Nearby schools include Camino Nuevo Charter Academy No. 4, Thomas Starr King Middle School and Edward R. Roybal Learning Center. 1932 Park Avenue is a 4-bed, 4-bath, 2,660 sqft multi-family home built in 1948.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Beverly Hills, Sabina Yi, DRE #01964836

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.