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Shawn Luong
Mobile Phone:
626-643-7090
reoagent@shawnluong.com

DRE# 00857818
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Shawn Luong
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Mobile Phone:
626-643-7090
reoagent@
shawnluong.com

DRE# 00857818
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1846 Cordova Street,  Los Angeles CA, 90007 (Residential Income)

Status: Sold
MLS#: 17277986
1of
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Last Updated: 2/22/2019 1:13 PM
Description for 1846 Cordova Street Los Angeles, CA 90007
Pleased to present for sale an eight-unit apartment building. The two-story property features eight two-bedroom/one-bath apartments with ample gated parking. All units are separately metered for gas and electricity. The 1959 constructed asset represents a true value-add opportunity with tremendous upside in a dense rental market. The Cordova Apartments offer a savvy investor approximately 91 percent upside in rental income via interior and common area renovations and capturing the in-place loss-to-lease. The subject property is located in the Pico-Union neighborhood of Los Angeles, which was designated as an economic Promise Zone by President Obama in January 2014. With a Walk Score of 80, tenants can accomplish most errands on foot, which is extremely attractive to millennial renters. Moreover, Downtown Los Angeles is on the verge of becoming one of the world's foremost tourist attractions, with major developments occurring in the luxury residential (for sale and for rent), offic
Price
Sold Price:
$1,450,000
Sold Date:02/19/2018
Los Angeles
17277986
Closed
Description
Pleased to present for sale an eight-unit apartment building. The two-story property features eight two-bedroom/one-bath apartments with ample gated parking. All units are separately metered for gas and electricity. The 1959 constructed asset represents a true value-add opportunity with tremendous upside in a dense rental market. The Cordova Apartments offer a savvy investor approximately 91 percent upside in rental income via interior and common area renovations and capturing the in-place loss-to-lease. The subject property is located in the Pico-Union neighborhood of Los Angeles, which was designated as an economic Promise Zone by President Obama in January 2014. With a Walk Score of 80, tenants can accomplish most errands on foot, which is extremely attractive to millennial renters. Moreover, Downtown Los Angeles is on the verge of becoming one of the world's foremost tourist attractions, with major developments occurring in the luxury residential (for sale and for rent), offic
Listing Information
Property Type: Cluster, Other
0.15 Acres 6,700 sq.ft. $274.62
1959
8 Total
Neighborhood
Room Information
No Laundry Facility
Interior Features
None
Exterior / Lot Features
LAR3
Driving Directions
Located immediately north of the 10 Freeway and just two miles from Downtown Los Angeles and one half block east of Normandie Avenue.
Financial Considerations
5075029005
,$38,964
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90007 has a population of 3,971,883.

The median household income in Los Angeles, California 90007 is $49,682. The median household income for the surrounding county is $55,870 compared to the national median of $53,482. The median age of people living in Los Angeles 90007 is 34.6 years.

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Courtesy: Maurius Jeffery - Marcus & Millichap
Licensed in: DRE# 01738154
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