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4422 Lincoln Avenue

Los Angeles (City), CA 90041
  • $5,166,000
  • STATUS: Pending
  • ON SITE: 22 Days
  • ID#: AR22159863
Pending
UPDATED: 5 min ago
$5,166,000
  • 0
    BEDS
  • 1.02
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1952
County:

School Ratings & Info

Listing Agent(s): Justin Mccardle of Gig Real Estate Inc. (626-594-4901)


Description

We are proud to present this attractive 20 Unit Value Add Apartment community in Eagle Rock. This property consists of all single level units situated on over an acre of land, creating a spread out feel at the property, providing plenty of room for cars, or potential to add ADUs on site for the next owner. The property boasts 17- 1/1s, 2- 2/1s, and 1- 3/1 with all units having front and back doors, as well as great potential with 38% rental upside. This asset is very attractive with expansive grounds sitting on over an acre, spread out on 3 separate parcels (10 Units, 6 units, and 4 units) which could present a savvy investor the opportunity to get creative with financing. The properties are individually metered for gas and electricity in a great central Eagle Rock location. These types of properties dont come along very often and has tremendous potential for the next owner to add value and put this property into their portfolio!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-12T16:37:00.507. 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/131095420
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4422 Lincoln Avenue Los Angeles (City), CA 90041

  • Price: $5,166,000
  • Status: Pending
  • On Site: 22 Days
  • Updated: 5 min ago
  • ID#: AR22159863
0
Beds
0
Baths
0
½ Baths
1.02
Acres
1952
Built
Neighborhood:
618 - Eagle Rock
County:
Los Angeles
Area:
618 - Eagle Rock
Property Description
We are proud to present this attractive 20 Unit Value Add Apartment community in Eagle Rock. This property consists of all single level units situated on over an acre of land, creating a spread out feel at the property, providing plenty of room for cars, or potential to add ADUs on site for the next owner. The property boasts 17- 1/1s, 2- 2/1s, and 1- 3/1 with all units having front and back doors, as well as great potential with 38% rental upside. This asset is very attractive with expansive grounds sitting on over an acre, spread out on 3 separate parcels (10 Units, 6 units, and 4 units) which could present a savvy investor the opportunity to get creative with financing. The properties are individually metered for gas and electricity in a great central Eagle Rock location. These types of properties dont come along very often and has tremendous potential for the next owner to add value and put this property into their portfolio!
Exterior Features

Lot Features Lot Over 40000 Sqft Number Of Separate Electric Meters 20 Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common WallsNo One Above

Property Features

Additional Parcels YN No Common Interest None Community Features Urban Electric Expense 3000 Fuel Expense 1208 Garage YN Yes Gross Income 346734 Gross Scheduled Income 344634 Insurance Expense 6500 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanTrust Conveyance Net Operating Income 219557 New Construction YN No Number Of Separate Gas Meters 20 Number Of Separate Water Meters 3 Operating Expense 116776 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Trust Trash Expense 3141 Water Sewer Expense 1000 Water Source Public Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-12T16:37:00.507. 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): Justin Mccardle of Gig Real Estate Inc. (626-594-4901)