2677 Moss Avenue

Los Angeles, CA 90065

$1,250,000
Last Sold Price
14
Beds
7
Baths
5,115 Sq. Ft.
$244 / Sq. Ft.
5,115
Sq. Ft.
$244
per Sq. Ft.

Description

7 unit value-add apartment complex located in Los Angeles (Glassell Park), CA. The property resides along Eagle Rock Blvd., a few miles southwest of Eagle Rock's Occidental College. Glassell Park is an LA sub-market north of Downtown LA, which is borderedby Glendale, Silver Lake, Eagle Rock, Highland Park, Cypress Park, Mt. Washington and Atwater Village. Its centralized LA County location provides extended proximity toHollywood, Koreatown, Downtown LA, Monterey Park, Alhambra and Pasadena. The area...7 unit value-add apartment complex located in Los Angeles (Glassell Park), CA. The property resides along Eagle Rock Blvd., a few miles southwest of Eagle Rock's Occidental College. Glassell Park is an LA sub-market north of Downtown LA, which is borderedby Glendale, Silver Lake, Eagle Rock, Highland Park, Cypress Park, Mt. Washington and Atwater Village. Its centralized LA County location provides extended proximity toHollywood, Koreatown, Downtown LA, Monterey Park, Alhambra and Pasadena. The area itself is a hilly neighborhood with modest homes and fashionable neighbors, serviced by many locally owned eateries and shopping boutiques. Residents are further benefited by public transportation and quick access to the 2 and 5 Freeways. This continually flourishing sub-market coupled with a property generating income 130% well-below market, presents an investor with a considerable opportunity worth seizing. In recent years the owners have spent significant funds performing repairs to the exterior. In addition to re-landscaping the front, re-painting the entire building, installing seismic gas shut-off valves and completing soft-story seismic retrofit (permitted 03/2020). The majority of the interiors require full renovation. There are 7 parking spaces equally assigned to each unit (at no cost to tenant). There is a dedicated on-site laundry room, which currently has no machines. Charging for parking and providing laundry machines are opportunities to immediately enhance yield. Additionally, market rents are projected at $2,100 for all the 2BR units after full renovation, which equates to 130% in rental upside. The property is subject to The City of LA Rent Stabilization Ordinance (RSO).
  1. Listed by Matthew Lee • DRE #01881080 • Brokerage DRE #01881080 • Lilly Enterprises, Inc.

Property Details for 2677 Moss Avenue

Water Front
None
Zoning
LAR1
Parcel Number
5457019026
Total Units
7.0
Living Area
5115
Source Living Area
Assessor
Area
Glassell Park (623)
Vacancy Rate
2280

Location

Listing Courtesy of Lilly Enterprises, Inc., Matthew Lee, DRE #01881080

Sold By Rise Realty, Ani Ginosyan, DRE #02153123

Add your commute
LISTING UPDATED: 08/11/2023 04:18 PM

Property Details for 2677 Moss Avenue

StatusSold
MLS #22-208307
Days on Market251
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.17 AC / 7,478 SF
CountyLos Angeles County

Location

Listing Courtesy of Lilly Enterprises, Inc., Matthew Lee, DRE #01881080

Sold By Rise Realty, Ani Ginosyan, DRE #02153123

Add your commute

Building Information for 2677 Moss Avenue

Stories2Residences-Year Built1963Building Size-Lot Size0.17 AC / 7,478 SF

Payment Calculator

$7,378 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,822

Property Taxes

$556

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2677 Moss Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 7
  • Amenities: None
  • Senior Community: No
  • Management Company Name: Lilly Enterprises, Inc.
  • Management Company Phone: 3103247400|
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Standard
  • View: No
  • View Description: None
  • View: None
  • Security Features: None
  • Direction Faces: West
  • Property Condition: Fixer
  • Water Heaters: Yes
  • Water Heater Features: None
Contract Info
Contract Info
  • Probate: Yes
  • Disclosures: Probate
  • Listing Type: Probate
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $73,716
  • Net Operating Income: $31,590.00
  • Gross Income: $75,996
  • Gross Rent Multiplier: $20.66
  • Owner Pays: Water, Other
  • Total Annual Expense: 42126
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Acreage: 0.1717
  • Lot Size Square Feet: 7478
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Assigned
  • Total Parking: 7
  • Parking Features: Covered, Assigned
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Other
  • Equipment: Other
  • Common Walls: Attached
  • Laundry: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Entry Location: Main Level
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-13-2022
  • Listing Terms: Probate
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,043.00
  • Unit Actual Rent: $1,043.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,014.00
  • Unit Actual Rent: $1,014.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $656.00
  • Unit Actual Rent: $656.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $895.00
  • Unit Actual Rent: $895.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $920.00
  • Unit Actual Rent: $920.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 5
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $958.00
  • Unit Actual Rent: $958.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 6
Unit 7 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $847.00
  • Unit Actual Rent: $847.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 7
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $328,773.00
  • Assessed Improvement Percent: 71.97
  • Assessed Land Value: $128,031.00
  • Assessed Land Percent: 28.03
  • Assessed Total Value: $456,804.00

Property History for 2677 Moss 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 2677 Moss Avenue

Taxable ValueLand$130,591Additions$335,348Total$465,939
Tax Record2023$6,666 ($556 / month)
Home Facts
Total Finished SqFt5,115 SqFtAbove Grade Finished SqFt5,115 SqFtLot Size7,478 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningLAR1CountyLOS ANGELESAPN5457-019-026

Schools near 2677 Moss Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Public - 7 to 12
Charter - K to 12
Rating
School
Distance
Fletcher Drive Elementary School
PublicK to 5

Benjamin Franklin Senior High School
Public6 to 12

Eagle Rock High School
Public7 to 12

Renaissance Arts Academy
CharterK 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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Similar Sold Homes

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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 Lilly Enterprises, Inc., Matthew Lee, DRE #01881080

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.