Address
244 S Avenue 18 Los Angeles, CA
Price
$ 4,200,000
Property Attributes
  • MLS#21680834
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaLincoln Hts
  • Zip90031
  • Style
  • Price$ 4,200,000
  • Bedrooms24
  • Full Bathrooms18
  • Half Bathrooms0
  • Lot Size10,002 SqFt
Listing Provided Courtesy Of:
Shawn S. Kormondy with Keller Williams Beverly Hills.
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

We are pleased to present the opportunity to acquire 244 S Avenue 18, a newer constructed SIX TOWNHOME apartment complex located in the heart of Lincoln Heights. This property was built in 2016 and offers 11,958 sq ft of rentable space situated on a 10,000 sq ft parcel. This 6 unit building offers a desirable mix of: six - large 4 bed | 3 bath units, plans are currently in plan check to convert a storage room into 1BD ADU. Currently one unit is leased for $3,750 while the other units are FURNISHED and being leased as short term rentals grossing appx $5,000/mo for each unit. Each unit is separately metered for gas and electric and has its own water heater. Property offer tenants on-site laundry facilities and gated parking. High walkability, just steps from shops, restaurants, schools, library and more. The subject property is conveniently located within close proximity to the 10, 5, and 110 fwy and minutes away from Pasadena, Downtown Los Angeles, Glendale and Hollywood.

Price History
1/16/2021 Listed $3,895,000
3/9/2021 8% - $3,595,000

General Features

Appliances Dishwasher, Disposal, Microwave, Refrigerator
Community Features Gated
Cooling Central Air
Heating Central
Listing Agent Shawn S. Kormondy - BRE#01451888
Listing Agent State License 01451888
MLS Area 677 - Lincoln Hts
Property Type Residential Income
Security Features Gated Community
Special Listing Conditions Standard
Status Active
Total Units 6
Zoning LARD1.5

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes

Exterior Features

Lot Size Acres 0.22
Lot Size Area 10002
Lot Size Source Assessor
Lot Size Square Feet 10002
Lot Size Units Square Feet
Number of Buildings 1
Parking Features Controlled Entrance, Community Structure

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 Income Average in 90031

Price
AVG $1.33M
$4.2M
Visits
AVG 52
200
Year Built
AVG 1942
2016
Walkscore
AVG 79
87
Data Provided by Walkscore ® not using MLS data

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