$3,500,000
For Sale

1006 S Record Avenue

Los Angeles, CA 90023
0.20 acres | #OC24051871
Listing OfficeBenjamin Frank Venti Realty
Browse 7 photos
Type:Multi-Family
Structure:House
Zone:Residential

Description

Record Avenue Apartments at 1006 Record Avenue is a private gated multi-family apartment complex in the heart of East Los Angeles.
A unique multi-family offering comprises two family-managed apartment buildings with six units on separate parcels that can be sold together or separately for an investor to oversee or an owner to occupy and lease out. This property would be an excellent opportunity for owners looking to upgrade to a larger rental property.
Encompassing 12 fully occupied units with a mix of six two-bed/two-bath units and four two-bed/one-bath units, with ample land for two parking spaces for each unit, which is very rare in this area.
Each 6 unit building can be sold separately for $1,750,000. Each building has one one-bed/bath ,two two/one-bath units and three two/two-bath units.
Each building has its owner separate washer and dryer in a common area.
The property is in a dense residential area of East Los Angeles, one of LA’s oldest and most influential communities about five miles from Downtown Los Angeles. Close to the high-end community of Monterey Park, nestled four miles away and simply a five-minute drive to the vibrant entertainment, restaurants, and shopping corridor on Whitter Boulevard.
East Los Angeles College is three miles away, drawing many students looking for housing to 1006 S Record Avenue. Record Avenue Apartments has hassle-free connectivity reaching Interstate 710, Interstate 5, and Route 60 in less than a mile.
Well maintained, with incredible accessibility, Record Avenue Apartments is primed to offer an ideal investment opportunity to own a multi-family asset.

  • Interior Details
      • InteriorMultipleStaircases
  • Property Details
      • Lot DescriptionStreetLevel
      • Stories2
    • Measurements
      • Acres0.2007
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1990
  • Utilities / Energy Details
      • Utility FeaturesCableAvailable, ElectricityConnected, Propane, WaterConnected
      • Sewer InformationUnknown
      • Utility SourcePublic
  • Community and Neighborhood Details
      • CountyLos Angeles
  • Financial Details
      • Original List Price$3,500,000
  • Other
      • MLS #OC24051871

Location

Karen SellersReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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