$1,648,800
142 S Lake St, Los Angeles, CA 90057
4 Beds
3 Baths
2,568 sqft

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Excellent Investment Opportunity in a RARE 5 Unit Multifamily development in Historic Filipino Town. This property is surrounded by Westlake Village to the North, Rampart Village to the West, MacArthur Park to the South and the Walt Disney Concert Hall to the East. It's 6 minutes from the downtown financial district. There is one 2 bedroom, 1 bath unit (approx.. 740 sq.ft.) and four 1 bedroom 1 bath units (approx.. 440 sq.ft. each). All units are individually metered and water is paid by the landlord. There are 4-5 parking spaces in the rear of the property accessed through an alleyway. New attic and crawl space insulation installed throughout. New ABS main drain pipe from back of property to street. Two remodeled units occupied by neat and considerate long-term tenants. Three 1 bedroom units will be delivered without tenants. Great Value Add Opportunity.
  • Price:
  • $1,648,800
  • Bedrooms:
  • 4
  • Square Footage:
  • 2,568
  • Acreage:
  • 0.14
  • Year Built:
  • 1947
  • Listing ID #:
  • IG21164584
  • Street Address:
  • 142 S Lake St
  • City:
  • Los Angeles
  • State:
  • California
  • Postal Code:
  • 90057
  • County:
  • Los Angeles
  • Community:
  • Mid Los Angeles
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial Sale
  • Construction Description:
  • Blown-In Insulation, Stucco
  • Number Of Units:
  • 5
  • Stories:
  • 2
  • Total # Of Buildings:
  • 2
  • Total Building Square Footage:
  • 2568
  • Type Of Roof:
  • Composition
  • Year Built:
  • 1947
  • Year Built Source:
  • Assessor
  • Annual Insurance Expenses:
  • 3001
  • Annual Water/Sewer Expenses:
  • 1446
  • Net Operating Income:
  • 89167
  • Operating Expense:
  • 6934
  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • Lar3
  • Lot Features:
  • Front Yard, Rectangular Lot
  • Lot Size:
  • 6250
  • Lot Square Footage:
  • 6250
  • Days On Market:
  • 175
  • On Market Date:
  • 2021-08-02
  • Originating Mls:
  • Crmls
  • Previous Listing Price:
  • 1698000
  • Terms:
  • Cash, Cash To New Loan, Conventional, 1031 Exchange
  • Property Taxes:
  • $2,159
  • Tax Year:
  • 2020
  • Laundry:
  • Common Area
  • Carport Present:
  • Yes
  • Fence:
  • Chain Link, Wood
  • Number Of Carport Spaces:
  • 1
  • Parking Spaces:
  • 4
  • Uncovered Parking Spaces:
  • 3
  • Electricity:
  • Electricity - On Property
  • Existing Water:
  • Public
  • Utilities:
  • Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected, Overhead Utilities
  • Unit 1 Description:
  • Pro Forma
  • Unit 1 Monthly Rent:
  • 76800
  • Unit 1 Total Bathrooms:
  • 1
  • Unit 1 Total Bedrooms:
  • 1
  • Unit 1 Type:
  • Item1bedroom
  • Unit 2 Description:
  • Actual Rent
  • Unit 2 Monthly Rent:
  • 24960
  • Unit 2 Total Bathrooms:
  • 1
  • Unit 2 Total Bedrooms:
  • 2
  • Unit 2 Type:
  • Item2bedroom
  • Unit 3 Description:
  • Actual Rent
  • Unit 3 Monthly Rent:
  • 15600
  • Unit 3 Total Bathrooms:
  • 1
  • Unit 3 Total Bedrooms:
  • 1
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Agent Cindy Tashima () with Berkshire Hathaway HomeServices California Realty
  • CACRMLS

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