2730 Council Street

Los Angeles, CA 90026

$3,499,000
Price
13
Beds
13
Baths
5,168 Sq. Ft.
$677 / Sq. Ft.
5,168
Sq. Ft.
$677
per Sq. Ft.

Description

We are pleased to present the opportunity to acquire 2730 Council St. A multifamily building comprised of 4 units on a very quiet street and ideally located in the heart of Los Angeles, The property is located in Historic Filipinotown and only minutes away from Echo Park, Silverlake, Koreatown, Hollywood, Downtown, and within close proximity to various shops, restaurants, and entertainment districts. Beautifully designed with the highest standard of quality and craftsmanship. This modern property...We are pleased to present the opportunity to acquire 2730 Council St. A multifamily building comprised of 4 units on a very quiet street and ideally located in the heart of Los Angeles, The property is located in Historic Filipinotown and only minutes away from Echo Park, Silverlake, Koreatown, Hollywood, Downtown, and within close proximity to various shops, restaurants, and entertainment districts. Beautifully designed with the highest standard of quality and craftsmanship. This modern property offers energy efficient building materials, stainless-steel appliances, and designer finishes. Completed in October 2023. Currently fully leased non-rent controlled fourplex with a cap rate of 5.07%. All units separately metered for gas, electricity, and water. Solar panels for all units to keep expenses low. Tenants pay all utilities. Total gross rents $17,300 per month.
  1. Listed by PETER PABLICO • DRE #02130996 • Brokerage DRE #02078350 • Mancuso Properties III, Inc. D

Property Details for 2730 Council Street

View
City Lights
Parking Spaces Total
6
Private Pool
No
Cooling Type
Central Forced Air
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5168

Location

Listing Courtesy of Mancuso Properties III, Inc. D, PETER PABLICO, DRE #02130996
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LISTING UPDATED: 03/20/2024 11:37 PM

Property Details for 2730 Council Street

StatusActive
MLS #WS24042174
Days on Market46
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2023
Lot Size0.11 AC / 4,807 SF
CountyLos Angeles County

Location

Listing Courtesy of Mancuso Properties III, Inc. D, PETER PABLICO, DRE #02130996
Add your commute

Building Information for 2730 Council Street

Stories3Residences-Year Built2023Building Size-Lot Size0.11 AC / 4,807 SF

Payment Calculator

$20,456 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,095

Property Taxes

$1,361

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2730 Council Street

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $207,600
  • Gross Scheduled Income: $207,600
  • Gross Spendable Income: $207,600
  • Vacancy Allowance: 8304
  • Gross Operating Income: $199,296
  • Net Operating Income: $177,429
  • Gross Multiplier: 16.85
  • Cap Rate: 5.07
Expense Details
  • Operating Expense: $21,867
  • New Taxes Expense: $40,938
  • Electric Expense: $0
  • Insurance Expense: $2,067
  • Maintenance Expense: $1,600
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $44,605
Tax / Assessment Info
  • Tax Block: E
  • Tax Tract Number: cable
  • Tax Census Tract: 208620
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 8
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Free-Standing Range, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Water Line to Refrigerator
  • Equipment: Dishwasher, Dryer, Dryer Included, Inside, Microwave, Refrigerator, Vented Exhaust Fan, Washer, Washer Included, Water Line to Refrigerator
  • Interior Features: Balcony, Quartz Counters, Unfurnished
  • Water Heater Features: Tankless
  • Water Heater Type: Tankless
  • Laundry: Yes
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring: Vinyl
Exterior Features
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s), Card/Code Access, Closed Circuit Camera(s), Fire Sprinkler System, Smoke Detector(s)
  • Security: Automatic Gate
  • Entry Location: Front door
  • Fence: Yes
  • Fence: Wrought Iron
  • Fencing: Wrought Iron
  • View Description: City Lights
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Green Info
  • Green Energy Efficient: Appliances, Water Heater
  • Green Energy Generation: Solar
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Three Or More
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 5
  • Open Other Spaces Total: 5
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 4
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $5,000
  • Unit Type Total Rent: $5,000
  • Unit Type Pro Forma: 5500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 4
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $5,200
  • Unit Type Total Rent: $5,200
  • Unit Type Pro Forma: 5700
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 4
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $4,900
  • Unit Type Total Rent: $4,900
  • Unit Type Pro Forma: 5400
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number With Dishwasher: 3
  • Number With Range: 4
  • Number With Refrigerator: 4

Property History for 2730 Council Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2730 Council Street

Taxable ValueLand$1,340,000Additions-Total$1,340,000
Tax Record2023$16,331 ($1,361 / month)
Home Facts
Beds1Total Finished SqFt925 SqFtAbove Grade Finished SqFt925 SqFtStories1Lot Size4,809 SqFtStyleSingle Family ResidenceYear Built1913ZoningLARD1.5CountyLOS ANGELESAPN5156-021-008

Schools near 2730 Council Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 1
Public - 2 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Lake Street Primary School
PublicK to 1

Rosemont Avenue Elementary School
Public2 to 5

Virgil Middle School
Public6 to 8

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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2730 Council Street is a multi-family home for sale in Los Angeles, CA 90026. This property was listed for sale on March 14, 2024 by Mancuso Properties III, Inc. D, it's currently listed at $3,499,000. It has been on the market for a total of 46 days and was last sold on December 20, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Lake Street Primary School, Rosemont Avenue Elementary School and Virgil Middle School. 2730 Council Street is a 13-bed, 13-bath, 5,168 sqft multi-family home built in 2023.

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 Mancuso Properties III, Inc. D, PETER PABLICO, DRE #02130996

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.