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1134 S Vancouver Avenue

East Los Angeles, CA 90022
  • $2,675,000
  • STATUS: Active
  • ON SITE: 14 Days
  • ID#: SB22170717
$2,675,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1929
County:

School Ratings & Info

Listing Agent(s): Vincent Cook of Kidder Mathews Of California, Inc (949-557-5097) and Casey Lins of Kidder Mathews Of California, Inc.(858-369-3010)


Description

1134 S Vancouver Ave, a well maintained 16-unit multifamily property with strong in place income located in East Los Angeles. Built in 1929, the subject property consists of (8) studios and (8) 1BD+Den/1BA units. The property has undergone extensive Capital Improvements which consist of new exterior paint, dual-pane white vinyl windows, LED lighting, copper plumbing with oversized ABS along with an electrical system that consists of panels, breakers and Romex wiring. All units were previously gutted down to the studs and repainted, and about half have been upgraded with new flooring, kitchen cabinets, tile and new bathrooms. Situated in East Los Angeles, 1134 S Vancouver offers convenient access to the 710, 60 and 5 freeways and is in close proximity to Downtown Los Angeles. The property is also located minutes away from Montebello County Club, Vincent Price Art Museum, East Los Angeles College, the Metro Gold Line Atlantic Station, the Citadel Outlet as well as several parks, restaurants, schools and shopping centers. The propertys strong in-place income and low expenses, with separate gas and electricity meters, offer an immediate CAP Rate of 5.13% and a GRM of 11.37 on actual income. With approximately 32% upside in income, this opportunity has the ability to operate at a CAP Rate of 7.74% and at a GRM of 8.62 at market. This asset makes for a stable, long-term investment and therefore a great addition to any investors portfolio.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-18T00:30:43.427. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Nest Real Estate. Licensed in the State of California, USA.
www.amayarealestategroup.com/homes/131564270
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1134 S Vancouver Avenue East Los Angeles, CA 90022

  • Price: $2,675,000
  • Status: Active
  • On Site: 14 Days
  • ID#: SB22170717
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1929
Built
Neighborhood:
ELA - East Los Angeles
County:
Los Angeles
Area:
ELA - East Los Angeles
Property Description
1134 S Vancouver Ave, a well maintained 16-unit multifamily property with strong in place income located in East Los Angeles. Built in 1929, the subject property consists of (8) studios and (8) 1BD+Den/1BA units. The property has undergone extensive Capital Improvements which consist of new exterior paint, dual-pane white vinyl windows, LED lighting, copper plumbing with oversized ABS along with an electrical system that consists of panels, breakers and Romex wiring. All units were previously gutted down to the studs and repainted, and about half have been upgraded with new flooring, kitchen cabinets, tile and new bathrooms. Situated in East Los Angeles, 1134 S Vancouver offers convenient access to the 710, 60 and 5 freeways and is in close proximity to Downtown Los Angeles. The property is also located minutes away from Montebello County Club, Vincent Price Art Museum, East Los Angeles College, the Metro Gold Line Atlantic Station, the Citadel Outlet as well as several parks, restaurants, schools and shopping centers. The propertys strong in-place income and low expenses, with separate gas and electricity meters, offer an immediate CAP Rate of 5.13% and a GRM of 11.37 on actual income. With approximately 32% upside in income, this opportunity has the ability to operate at a CAP Rate of 7.74% and at a GRM of 8.62 at market. This asset makes for a stable, long-term investment and therefore a great addition to any investors portfolio.
Exterior Features

Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 0 Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5.13 Common Interest None Community Features Sidewalks Electric Expense 9000 Fuel Expense 4200 Garage YN Yes Gross Income 235200 Gross Scheduled Income 235200 Insurance Expense 4000 Land Lease YN No Laundry Features None Levels Two Listing Agreement Open Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 137263 New Construction YN No Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Operating Expense 90881 Rent Control YN Yes Senior Community YN No Sewer Sewer Assessment(S) Special Listing Conditions Standard Tenant Pays None Trash Expense 0 Water Sewer Expense 12000 Water Source Public Zoning Lcr4yy



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-18T00:30:43.427. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Nest Real Estate. Licensed in the State of California, USA.
 
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Nest Real Estate
21804 Cactus Ave ste 101
Riverside CA, 92518
Listing Agent(s): Vincent Cook of Kidder Mathews Of California, Inc (949-557-5097) and Casey Lins of Kidder Mathews Of California, Inc.(858-369-3010)