2951 Francis Avenue
2951 Francis Avenue
$2,650,000
12
8
5,502
5,502
$482
Description
REAL BROKER LLC is Proud to present A CASH COW OPPORTUNITY SALE OF 4 TURN-KEY PROPERTY WITH RTI READY TO GO ADU PLANS FOR 2 BED 2 BATH PLUS 1 BED 1 BATH REAR DETACHED BUILDING ADUs. Seller has 2 estimate cost of construction at $160 per sq feet. FRONT FOUR-UNITS ARE FULLY RENOVATED/TURN KEY APARTMENT COMMUNITY LOCATED 2951 Francis Avenue. Sprawling restrants nearby and supermarket, flower shop, bus stops, few blocks from starbucks and metro station. The subject property is located just south of 8th...REAL BROKER LLC is Proud to present A CASH COW OPPORTUNITY SALE OF 4 TURN-KEY PROPERTY WITH RTI READY TO GO ADU PLANS FOR 2 BED 2 BATH PLUS 1 BED 1 BATH REAR DETACHED BUILDING ADUs. Seller has 2 estimate cost of construction at $160 per sq feet. FRONT FOUR-UNITS ARE FULLY RENOVATED/TURN KEY APARTMENT COMMUNITY LOCATED 2951 Francis Avenue. Sprawling restrants nearby and supermarket, flower shop, bus stops, few blocks from starbucks and metro station. The subject property is located just south of 8th Street within the desirable Koreatown sub-market. Situated on a 6,751 square foot parcel, the property is comprised entirely of three-bedroom units. New ownership has the ability to add two accessory dwelling units (ADU's) TOTALLING 1,650 SF., for a two-bedroom and one-bedroom unit. ADU Permits are "RTI" Status. Current Ownership has extensively renovated all units with stainless-steel kitchen appliances, new flooring, in unit washer/dryers, AC systems in each bedroom & more. All rooms are large sizes. The continued gentrification of the surrounding area along with the rare opportunity to acquire a fully rehabbed, luxury apartment community with a healthy income stream makes 2951 Francis Avenue an excellent acquisition opportunity FOR THOSE WHO ARE LOOKING TO DO 1031 EXCHANGE OR A NEW PURCHASE TO MAKE YOUR $$$ GO FARTHER, CREATING GENERATIONAL WEALTH.
- Listed by Max Lee • DRE #01905008 • Brokerage DRE #01180851 • Real Broker
Property Details for 2951 Francis Avenue
Zoning
LAR4
Parcel Number5077023005
Total Units4.0
Living Area5502
Source Living AreaVendor Enhanced
AreaMid-Wilshire (C17)
Vacancy Rate5%
Lot Size Area6753
Location
LISTING UPDATED: 04/30/2024 05:38 PM
Property Details for 2951 Francis Avenue
Status | Active |
---|---|
MLS # | 24-376665 |
Days on Market | 29 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1921 |
Lot Size | 0.16 AC / 6,753 SF |
County | Los Angeles County |
Location
Building Information for 2951 Francis Avenue
Stories2Residences-Year Built1921Building Size-Lot Size0.16 AC / 6,753 SF
Payment Calculator
$15,562 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2951 Francis Avenue
Property History for 2951 Francis 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 2951 Francis Avenue
Taxable ValueLand$806,733Additions$230,547Total$1,037,280
Tax Record2023$13,196 ($1,100 / month)
Home Facts
Total Finished SqFt5,502 SqFtAbove Grade Finished SqFt5,502 SqFtLot Size6,751 SqFtStyleQuadraplexYear Built1921ZoningLAR4CountyLOS ANGELESAPN5077-023-005
Schools near 2951 Francis Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | K to 12 | |||
Public - | K to 12 | |||
Public - | 6 to 8 |
Rating | School | Distance |
---|---|---|
UCLA Community School PublicK to 12 | ||
Rfk Community Schools-New Open World Academy K-12 PublicK to 12 | ||
Young Oak Kim Academy 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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