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    16101 S Figueroa Street

    Los Angeles (City), CA 90248
    • $1,750,000
    • STATUS: Active
    • ON SITE: 12 days
    • ID#: PW20190231
    Price Reduced
    UPDATED: 40 min ago
    $1,750,000
    • 0
      BEDS
    • 0.47
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 36,000
      SQFT
    • $49
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Best RTI Price in L.A.!!!!!!!36-Unit Apartment Entitlement RTI+G- 500 W Alondra Los Angeles 90248 (New Address)+G- 16101 S Figueroa St Los Angeles 90248 (Former Address)+G- Units: 36 (33 Market, 3 Restricted)+G- Unit Mix: 3 bed, 2 bath (All)+G- Parking: 54 Stalls, 2 Levels +G- Size in SF: Building 36K, Parking 24K, Roof Top 6.3K+G- Market Rent $2641 (33x) +GG Matches L.A. Section 8 Amount (2019)+G- Restricted Rent $914 (3x) +GG Allowable Rent by HUD (2019)+G- Gross Monthly Rent: $89,895 (100% Occupancy)+G- Gross Annual Rent: $1,078,740 (100% Occupancy)+G- Expenses: $210,681 o Property Tax: $137,500 (Assessor Valuation of combined Land and Build Cost of 11M)+G- RTI, includes MEPAdditional Features:+G- Each Unit with Washer/Dryer+G- Each Parking Level has its own Ingress/Egress+G- Ample Bike Parking+G- Abundance of Outdoor Roof Decks+G- Fully Secured Building+G- ADA Accessible+G- Elevator Access+G- Efficient Unit Layouts

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-25T11:28:37.503. 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 Apple Financial Network, Inc.. Licensed in the State of California, USA.

    www.applefinancialnetwork.com/homes/109964240
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    16101 S Figueroa Street Los Angeles (City), CA 90248

    • Price: $1,750,000
    • Status: Active
    • Updated: 40 min ago
    • ID#: PW20190231
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.47
    Acres
    36,000
    SQFT
    $49
    $/SQFT
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    Best RTI Price in L.A.!!!!!!!36-Unit Apartment Entitlement RTI+G- 500 W Alondra Los Angeles 90248 (New Address)+G- 16101 S Figueroa St Los Angeles 90248 (Former Address)+G- Units: 36 (33 Market, 3 Restricted)+G- Unit Mix: 3 bed, 2 bath (All)+G- Parking: 54 Stalls, 2 Levels +G- Size in SF: Building 36K, Parking 24K, Roof Top 6.3K+G- Market Rent $2641 (33x) +GG Matches L.A. Section 8 Amount (2019)+G- Restricted Rent $914 (3x) +GG Allowable Rent by HUD (2019)+G- Gross Monthly Rent: $89,895 (100% Occupancy)+G- Gross Annual Rent: $1,078,740 (100% Occupancy)+G- Expenses: $210,681 o Property Tax: $137,500 (Assessor Valuation of combined Land and Build Cost of 11M)+G- RTI, includes MEPAdditional Features:+G- Each Unit with Washer/Dryer+G- Each Parking Level has its own Ingress/Egress+G- Ample Bike Parking+G- Abundance of Outdoor Roof Decks+G- Fully Secured Building+G- ADA Accessible+G- Elevator Access+G- Efficient Unit Layouts
    Exterior Features

    Carport Spaces 0.00 Lot Features Corner LotLot 20000-39999 SqftYard Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Uncovered Spaces 0.00

    Interior Features

    Condo Area Units Square Feet Laundry Features Inside

    Property Features

    Accounting Type Proforma Additional Parcels Description 6120-023-0336120-023-034 Additional Parcels YN No Building Area Units Square Feet Building Status Proposed Cap Rate 4.75 Country Us Electric Expense 12000.00 Expense Year 2021 Gross Scheduled Income 1078740.00 Land Lease YN No Land Use Multi-Family Laundry Income 0.00 Laundry YN Yes Leasable Area Units Square Feet Maintenance Expense 6000.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 868059.00 Operating Expense 210681.00 Other Income1 0.00 Professional Management Expense 0.00 Property Sub Type Unimproved Land Real Estate Tax Expense 137500.00 Resident Manager Expense 15000.00 Special Listing Conditions Standard Tax Annual Amount 137500.00 Tax Rate 1.25 Tax Year 2021 Total Expenses 210681.00 Trash Expense 0.00 Vacancy Allowance 16181 Vacancy Allowance Rate 1.50 Water Sewer Expense 0.00 Water Source CisternPublic

    Listing provided courtesy of Bret Lewis of Bret Lewis, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-25T11:28:37.503. 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 Apple Financial Network, Inc.. Licensed in the State of California, USA.

     
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