501 Loma Dr

    Los Angeles, CA 90017
    • $1,490,000
    • STATUS: Active
    • ON SITE: 14 days
    • MLS #: 20-567060
    UPDATED: 22 min ago
    $1,490,000
    • 7
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,237
      SQFT
    • $285
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1939
    County:

    School Ratings & Info

    Description

    501 South Loma Drive is a 7-unit multifamily property. Built in 1939, the property was constructed of low-density pre-war style architecture with a two-story, walk-up structure with plenty of character. The property is situated across from a Los Angeles Police Department Headquarters. Units offer walk-in closets, hardwood floors, built-in cabinetry and large windows. All units have private garages, and most have front and rear entrances. The unit-mix contains six one-bedrooms with one-bathroom and one unit that is a one-bedroom with one-bathroom and a den that features French doors off a large balcony. All units are individually metered for gas and electricity. Two units to be delivered vacant at close-of-escrow. A very early-stage project for 36-units was started. The property location is ideally zoned LAR4 and situated in a Transit Oriented Communities (TOC) Tier 3 zone. Buyer to perform their own due diligence and investigations into this investment offering.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-10T14:43:04.91. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.deirdrecoitandassociates.com/homes/104544839

    501 Loma Dr Los Angeles, CA 90017

    • Price: $1,490,000
    • Status: Active
    • Updated: 22 min ago
    • MLS #: 20-567060
    7
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,237
    SQFT
    $285
    $/SQFT
    1939
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    501 South Loma Drive is a 7-unit multifamily property. Built in 1939, the property was constructed of low-density pre-war style architecture with a two-story, walk-up structure with plenty of character. The property is situated across from a Los Angeles Police Department Headquarters. Units offer walk-in closets, hardwood floors, built-in cabinetry and large windows. All units have private garages, and most have front and rear entrances. The unit-mix contains six one-bedrooms with one-bathroom and one unit that is a one-bedroom with one-bathroom and a den that features French doors off a large balcony. All units are individually metered for gas and electricity. Two units to be delivered vacant at close-of-escrow. A very early-stage project for 36-units was started. The property location is ideally zoned LAR4 and situated in a Transit Oriented Communities (TOC) Tier 3 zone. Buyer to perform their own due diligence and investigations into this investment offering.
    Exterior Features

    Lot Size Area 8333 Other Structures None Parking Garage Garage Pool YN No Tennis YN No Total Parking 7

    Interior Features

    Baths Total 7.00 Cooling Wall Unit(S) Den No Dining Room No Equipment None Family Room No Heating Wall

    Property Features

    Gross Income 97380 Gross Operating Income 99031 Like Units1 7 Net Operating Income 55220.00 Number Of Buildings 1 Number Of Units 7 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 42160 Type Of Units 7 Zoning Lar4

    Listing provided courtesy of Brent Sprenkle DRE#01290116 of Berkadia.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-10T14:43:04.91. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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