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10301 Ilona Avenue

Los Angeles (City), CA 90064
  • $2,900,000
  • STATUS: Active
  • ON SITE: 7 Days
  • ID#: 22184935
UPDATED: 64 min ago
$2,900,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1951
County:

School Ratings & Info

Listing Agent(s): Clemens Mandell of Coldwell Banker Realty (310-777-6200)


Description

Fully rented 6 unit building in an incredible location! Close to Westfield Shopping Mall, Google Campus and Beverly Hills.Seismic retrofit completed, this well cared for building features 4 2-bedroom units and 2 1-bedroom units. Some units have been updated. This is a great up-leg option for a 1031 exchange to enjoy regular income and appreciation over the years to come! Alternatively, this lot provides for outstanding development potential! Please note this information is from my own research with city offices and from conversations with city employees. It is given as an opinion only with no implied guarantee for accuracy. Interested parties to rely on their own research with their trusted professionals. FAR is 3:1; Max Building height is 4 stories; Setback front and rear: 15 feet; Side setback: 5 feet plus 1 feet for each story above 2 stories, resulting in 7 feet on each side; Lot dimension is 130 ft by 55 ft; Current entrance on Ilona - buildable lot is 2,900 sft x 3 = 8,700 sqft living space; Potential entrance on Fox Hills - buildable lot is 4,100 sqft x 3 =12,300 sqft living space; At an assumed exit price of $1,000 per sqft condo living space, the potential for an exit could be $12,300,000! Interior access with accepted offer only. Please DO NOT disturb tenants! Thank you!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-09T08:25:00.243. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cane Real Estate | Keller Williams La Jolla. Licensed in the State of California, USA.
www.canerealestate.com/homes/131495112
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10301 Ilona Avenue Los Angeles (City), CA 90064

  • Price: $2,900,000
  • Status: Active
  • On Site: 7 Days
  • Updated: 64 min ago
  • ID#: 22184935
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1951
Built
Neighborhood:
C05 - Westwood - Century City
County:
Los Angeles
Area:
C05 - Westwood - Century City
Property Description
Fully rented 6 unit building in an incredible location! Close to Westfield Shopping Mall, Google Campus and Beverly Hills.Seismic retrofit completed, this well cared for building features 4 2-bedroom units and 2 1-bedroom units. Some units have been updated. This is a great up-leg option for a 1031 exchange to enjoy regular income and appreciation over the years to come! Alternatively, this lot provides for outstanding development potential! Please note this information is from my own research with city offices and from conversations with city employees. It is given as an opinion only with no implied guarantee for accuracy. Interested parties to rely on their own research with their trusted professionals. FAR is 3:1; Max Building height is 4 stories; Setback front and rear: 15 feet; Side setback: 5 feet plus 1 feet for each story above 2 stories, resulting in 7 feet on each side; Lot dimension is 130 ft by 55 ft; Current entrance on Ilona - buildable lot is 2,900 sft x 3 = 8,700 sqft living space; Potential entrance on Fox Hills - buildable lot is 4,100 sqft x 3 =12,300 sqft living space; At an assumed exit price of $1,000 per sqft condo living space, the potential for an exit could be $12,300,000! Interior access with accepted offer only. Please DO NOT disturb tenants! Thank you!
Exterior Features

Architectural Style Traditional Carport Spaces 3 Carport YN Yes Parking Features AssignedCarportDoor-MultiGarageStorage Parking Total 6

Interior Features

Appliances RefrigeratorDryerWasher Heating Central Heating YN Yes Interior Features Ceiling Fan(S)

Property Features

Association Fee 0 Disclosures Rent Control Garage YN Yes Gross Income 136020 Inclusions Washer/Dryer in Laundry Room Insurance Expense 2500 Listing Agreement Exclusive Right To Sell Listing Service Full Service Maintenance Expense 7000 Net Operating Income 85470 New Construction YN No New Taxes Expense 36250 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGasTrash Collection Vacancy Allowance Rate 0 Water Sewer Expense 4800 Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-09T08:25:00.243. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cane Real Estate | Keller Williams La Jolla. Licensed in the State of California, USA.
 
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Cane Real Estate | Keller Williams La Jolla
7817 Ivanhoe Avenue #101
La Jolla CA, 92037
Listing Agent(s): Clemens Mandell of Coldwell Banker Realty (310-777-6200)