2677 Moss Avenue
2677 Moss Avenue
$1,250,000
14
7
5,115
5,115
$244
Sold 8/11/23
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).
- Listed by Matthew Lee • DRE #01881080 • Brokerage DRE #01881080 • Lilly Enterprises, Inc.
Property Details for 2677 Moss Avenue
Water Front
None
ZoningLAR1
Parcel Number5457019026
Total Units7.0
Living Area5115
Source Living AreaAssessor
AreaGlassell Park (623)
Vacancy Rate2280
Location
LISTING UPDATED: 08/11/2023 04:18 PM
Property Details for 2677 Moss Avenue
Status | Sold |
---|---|
MLS # | 22-208307 |
Days on Market | 251 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1963 |
Lot Size | 0.17 AC / 7,478 SF |
County | Los Angeles County |
Location
Building Information for 2677 Moss Avenue
Stories2Residences-Year Built1963Building Size-Lot Size0.17 AC / 7,478 SF
Payment Calculator
$7,378 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2677 Moss Avenue
Property History for 2677 Moss Avenue
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 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.
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