Listed By:
Andrew Malekie with Link Brokerages;
Address
3835 Wisconsin Street, Los Angeles, CA
Price
$ 2,069,000
Property Attributes
  • MLS#22201741
  • TypePending
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaLos Angeles Southwest
  • Zip90037
  • Style
  • Price$ 2,069,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4992
  • Lot Size8,024 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

First time on the market since 1997, 3835 Wisconsin is an extremely rare investment opportunity with an unmatched Exposition Park location. This multifamily building offers ten (10) 1+1 units within walking distance from the University of Southern California, the Los Angeles Memorial Coliseum, and the upcoming Lucas Museum of Narrative Art (under 0.5 miles). The gated property sits on an 8,022 SF lot, with individually metered units and a roof under 8 years old. Under market rents and plenty of room for value add give any investor the opportunity to capitalize on over 65% in upside rental potential and receive tax benefits in an Opportunity Zone.

Price History
4/25/2023 Listed $2,069,000

General Features

Zoning LAR3
HOA 0.0
Security Features GatedCommunity
Year Built 1958
Community Features Gated
County Los Angeles
Net Operating Income 73657.0
New Construction No
Property Type CommercialSale
HOA / Comm Assn No
Attached Garage No
Garage Y/N No
Special Listing Conditions Standard
Status Pending
Directions West of S Vermont Ave,North of W 39th St.
City Los Angeles
View Y/N No
Senior Community Y/N No
Total Units 10
MLS Area C34 - Los Angeles Southwest
Lot Size Square Feet 8022.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name Wisconsin
Property Attached Y/N No
Land Lease Y/N No
Home Warranty Y/N No
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 14
Standard Status Pending
Cap Rate 3.56
MobileHomeRemainsYN No

Interior Features

Total Stories 2
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N No
Street Suffix Street
Electric On Property Y/N No

Exterior Features

Total Parking 6.0
Lot Size Area 8022.0
Number of Buildings 1
Spa No
Building Area Total 4992.0
Lot Dimensions 50x160
Lot Size Acres 0.1842
Lot Size Units SquareFeet
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 90037

Price
AVG $930K
$2.07M
Visits
AVG 124
503
Data Provided by Inside Real Estate®
Year Built
AVG 1920
1958
Walkscore
AVG 71
72
Data Provided by Walkscore® not using MLS data