4
See all 4 photos
Listed by Ani V Ginosyan • Rise Realty
$1,590,000
Est. payment /mo
5,115 SqFt
Active
2677 Moss Avenue Los Angeles, CA 90065
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,115 sqft
Price per Sqft $310
MLS Listing ID 8P-2603204
Year Built 1963
Lot Size 7,478 Sqft
Source California Regional Multiple Listing Service (CRMLS)
Property Description
7 unit value-add apartment located in Glassell Park, one of the hottest neighborhoods of Los Angeles bordered by Glendale, Silver Lake, Eagle Rock, Highland Park, Cypress Park, Mt. Washington and Atwater Village. Its centralized LA County location provides extended proximity to Hollywood, Koreatown, Downtown LA, Monterey Park, Alhambra and Pasadena. It is a hilly neighborhood with modest homes and fashionable neighbors, serviced by many locally owned eateries, coffee shops 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 well-below market, presents an investor with a considerable opportunity worth seizing. In recent years the owners have spent significant funds in improving the property. In addition, seismic gas shut-off valves and completing soft-story seismic retrofit (permitted 03/2020) was also completed. There are 7 parking spaces equally assigned to each unit. 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 120% in rental upside. The property is subject to The City of LA Rent Stabilization Ordinance (RSO).
Location
State CA
County Los Angeles
Area 623 - Glassell Park
Zoning R1-1-CDO
Interior
Laundry Gas Dryer Hookup, Washer Hookup
Exterior
Pool None
Community Features Curbs, Sidewalks, Street Lights, Suburban
View Y/N No
Building
Lot Description Front Yard, Landscaped
Sewer Public Sewer
Others
Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2603204
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION