For Sale Multi-Family MLS# 26986135

210 S Commonwealth Avenue

Los Angeles, CA 90004

$3,590,000

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About 210 S Commonwealth Avenue

210 S Commonwealth Ave & 941 S Gramercy PL, Los Angeles, To Be Sold Combined, Total $6,285,000! Location!!! Priced to Sell! Corner Lot! UNBEATABLE GRM 11.55!! Low Expenses & Easy Maintenance! This 14-unit apartment building is offered only in combination with 941 S Gramercy. Conveniently located close to Hollywood, Downtown LA, Larchmont, with access to the 110, 101, and 10 Fwy. Built in 1980, the property features ten (10) 2-bedroom, 1-bathroom units and four (4) 1-bedroom, 1-bathroom units. Most units have been upgraded and are in excellent condition. The building includes twenty (20) on-site gated parking spaces and an on-site laundry facility, with low operating expenses and easy maintenance. Rents are currently below market, offering strong upside potential. Current gross rental income: $25,900/month ($310,800 annually). Excellent long-term investment with stable cash flow and future growth potential. Sellers motivated.

Property details

Property

Type
multi
MLS type
Multi Family Home
Status
Active
Year built
1980
Stories
1
Living area
10,884 sqft
Price / sqft
$330
Lot
0.1719
Original price
$3,590,000
MLS #
26986135

Interior

Heating
Forced Air

Exterior & lot

Features
Parking spaces: 0
Construction
1
Lot
LAR3

Schools

District
Los Angeles Unified School District

Financial

Parcel
5501019025
Special conditions
Standard

Location

Area
C17 - Mid-Wilshire
County
Los Angeles
Neighborhood
Westlake
Directions
Between 3rd Street and 2nd Street on Commonwealth Ave.

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Questions on 210 S Commonwealth Avenue, Los Angeles, CA 90004, or want to see it in person?

Listed by Jae Young Lee, Ivy Realty Co.

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.