221 South Ave 19
221 South Ave 19
$1,950,000
10
8
4,130
4,130
$472
Sold 5/20/22
Description
4.54% CAP | Turnkey Multifamily Opportunity. We are pleased to present the South Avenue 19 apartments: an eight (8) unit multifamily investment opportunity located in Lincoln Heights. These three single story, wood frame stucco buildings were built in 1923,1924, and 1925 and consist of 4,130 SF of living area with eight (8) on-site parking spaces. Further, this property is situated on a large 9,952 SF lot zoned LA-R1.5. The property features six (6) One bedroom | One bathroom units and two (2) spacious,...4.54% CAP | Turnkey Multifamily Opportunity. We are pleased to present the South Avenue 19 apartments: an eight (8) unit multifamily investment opportunity located in Lincoln Heights. These three single story, wood frame stucco buildings were built in 1923,1924, and 1925 and consist of 4,130 SF of living area with eight (8) on-site parking spaces. Further, this property is situated on a large 9,952 SF lot zoned LA-R1.5. The property features six (6) One bedroom | One bathroom units and two (2) spacious, completely remodeled Two bedroom | One bathroom units. Both of the 2 bedroom units and three of the 1 bedroom units have undergone extensive rehab including but not limited to: completely redone bathrooms and showers, upgraded living rooms, new kitchens featuring brand new appliances, laminate flooring, new windows, all new paint, etc. Further, these have been with updated with new plumbing and upgraded electrical. The new owner will benefit from the property's low annual expenses: no trash expense, separate gas and electric meters, and drought tolerant landscaping providing strong current and future cash flow. The property is located on S Avenue 19 just south of N Broadway near N San Fernando Rd. The property allows for tenants to live in close proximity to Downtown Los Angeles, with short commutes to the San Gabriel Valley, and close by transit at the Lincoln Heights/Cypress Park Station and Chinatown Station. The LA-USC Medical Center is just north of the 10 freeway, and nearby parks include Downey Recreation Center, Downey Playground and Lincoln Heights Recreation Center.
- Listed by Jonathan Prakash • DRE #01483131 • Brokerage DRE #01854200 • KW Advisors
- Listed by Derrick Vartanian • DRE #01816119 • Brokerage DRE #01854200 • KW Advisors
Property Details for 221 South Ave 19
Zoning
LARD1.5
Parcel Number5447025013
Total Units8.0
Living Area4130
Source Living AreaVendor Enhanced
AreaLincoln Heights (677)
Vacancy Rate0%
Lot Size Area9952
Location
LISTING UPDATED: 05/21/2022 04:05 PM
Property Details for 221 South Ave 19
Status | Sold |
---|---|
MLS # | 21-110549 |
Days on Market | 77 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1923 |
Lot Size | 0.23 AC / 9,952 SF |
County | Los Angeles County |
Location
Building Information for 221 South Ave 19
Stories1Residences-Year Built1923Building Size-Lot Size0.23 AC / 9,952 SF
Payment Calculator
$12,728 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 221 South Ave 19
Property History for 221 South Ave 19
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 221 South Ave 19
Taxable ValueLand$1,020,000Additions$969,000Total$1,989,000
Tax Record2023$25,037 ($2,086 / month)
Home Facts
Total Finished SqFt4,130 SqFtAbove Grade Finished SqFt4,130 SqFtLot Size9,953 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLARD1.5CountyLOS ANGELESAPN5447-025-013
Schools near 221 South Ave 19
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Albion Street Elementary School PublicK to 6 | ||
Florence Nightingale Middle School Public6 to 8 | ||
Woodrow Wilson Senior High School Public9 to 12 | ||
Abraham Lincoln Senior High 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.
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