Listed By:
Carlos Bocanegra with ONE WEST REALTY INC; 909-518-1746
Address
1317 Linwood Avenue, Los Angeles, CA
Price
$ 1,755,000
Property Attributes
  • MLS#CV23081158
  • TypeMulti-Family
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaDowntown L.A.
  • Zip90017
  • StyleTriplex
  • Price$ 1,755,000
  • Bedrooms14
  • Full Bathrooms0
  • Half Bathrooms1
  • Sqr Footage4862
  • Lot Size6,608 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

Attention investors! Don't miss this fantastic opportunity to own a multi-unit property in the Westlake neighborhood in Los Angeles downtown area. This location is a Walker’s Paradise so it’s close to everything like restaurants, shopping, parks, museums. This property has a Walk Score of 92 out of 100. Corner lot. The main house is divided into 2 units. Unit 1 has 3 bedrooms and 1 bath, unit 2 has 1 bedroom and 1 bath. The corner building has 10 1-bedroom 1-bath apartments. The property has been well-maintained over the years.

Price History
6/2/2023 Listed $1,755,000

General Features

Sewer PublicSewer
Heating WallFurnace
Cooling None
Possession CloseOfEscrow
Roof Shingle
Zoning LAR3
HOA 0.0
Garage Spaces 0.0
Pool Features None
Construction Materials Stucco
Year Built 1905
Tenant Pays SeeRemarks
View None
Stories 2
Levels Two
Property SubType Triplex
Gross Income 132936.0
Community Features StreetLights,Sidewalks,Urban
County Los Angeles
Net Operating Income 91553.0
Operating Expense 41401.0
Insurance Expense 2341.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Contingency Buyer to cooperate with 1031 Exchange with no cost to the buyer.
Garage Y/N No
Special Listing Conditions Standard
Status Active
Directions South of 7th St
City Los Angeles
Entry Location front
View Y/N No
Senior Community Y/N No
Open Parking Spaces 4.0
Total Units 12
MLS Area C42 - Downtown L.A.
Lot Size Square Feet 6607.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Number of Units Leased 12
Street Name Linwood
Spa Features None
Property Attached Y/N No
Land Lease Y/N No
Electric Expense 4567.0
Home Warranty Y/N No
Current Financing None
Fuel Expense 2776.0
Trash Expense 3992.0
Water Sewer Expense 14251.0
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N Yes
Days on Market 160
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 12
Total Actual Rent 11078.0
Property Sub Type Additional Triplex
Cap Rate 5.22
MobileHomeRemainsYN No

Interior Features

Fireplace Features None
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N No
Street Suffix Avenue
Laundry Features None
Entry Level 1
Electric On Property Y/N No

Exterior Features

Fencing WroughtIron
Lot Features CornerLot
Water Source Public
Total Parking 4.0
Lot Size Area 6607.0
Foundation Details Raised
Number of Buildings 2
Spa No
Building Area Total 4862.0
Lot Size Acres 0.1517
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Gas Meters 1
Number of Separate Electric Meters 1
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 Multi-Family Average in 90017

Price
AVG $3.63M
$1.76M
Visits
AVG 130
135
Data Provided by Inside Real Estate®
Year Built
AVG 1944
1905