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5335 Navarro Street

Los Angeles (City), CA 90032
  • $2,100,000
  • STATUS: Active
  • ON SITE: 26 Days
  • ID#: 22174761
UPDATED: 23 min ago
$2,100,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Listing Agent(s): Shant Sherbetdjian of Remax Commercial And Investment Realty (213-817-1000)


Description

We are pleased to present our exclusive listing of 9 Units located on Navarro Street in the heart of El Sereno (Los Angeles). The subject property is situated adjacent to Alhambra and within 3 Blocks to Huntington Drive. An Excellent Unit Mix of Studio, 1 and 2 Bedroom Units and is comprised of (TWO) 2 Bedroom + 1.5 Bathroom, (FIVE) 2 Bedroom + 1 Bathroom, (ONE) 1 Bedroom + 1 Bathroom and (ONE) Studio Unit. Total rentable square footage of the building is approximately 7,046 sq. ft. (built in 1964) on a 7,132 sq. ft. Lot zoned LARD2. Tenants enjoy the convenience of on-site parking and on-site laundry room while Landlord enjoys the additional income from the machines. In this limited market inventory and with a substantial improvement approach, a new investor may bring this value-add potential to its rental upside of +/-94%. This property's Seismic Retrofit was Completed in 2019 and is a great asset for an exchange purchase or an investor seeking growth & stability in a desirable rental community. Property is located within a short drive to CSULA & the 10 Freeway. Please Note: Buyer to Assume CHASE Loan (with an Approx. Balance of $750,000) at 3.15% Fixed until 11/01/2026.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-09T09:28:26.13. 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/130854722
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5335 Navarro Street Los Angeles (City), CA 90032

  • Price: $2,100,000
  • Status: Active
  • On Site: 26 Days
  • Updated: 23 min ago
  • ID#: 22174761
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1964
Built
Neighborhood:
621 - El Sereno
County:
Los Angeles
Area:
621 - El Sereno
Property Description
We are pleased to present our exclusive listing of 9 Units located on Navarro Street in the heart of El Sereno (Los Angeles). The subject property is situated adjacent to Alhambra and within 3 Blocks to Huntington Drive. An Excellent Unit Mix of Studio, 1 and 2 Bedroom Units and is comprised of (TWO) 2 Bedroom + 1.5 Bathroom, (FIVE) 2 Bedroom + 1 Bathroom, (ONE) 1 Bedroom + 1 Bathroom and (ONE) Studio Unit. Total rentable square footage of the building is approximately 7,046 sq. ft. (built in 1964) on a 7,132 sq. ft. Lot zoned LARD2. Tenants enjoy the convenience of on-site parking and on-site laundry room while Landlord enjoys the additional income from the machines. In this limited market inventory and with a substantial improvement approach, a new investor may bring this value-add potential to its rental upside of +/-94%. This property's Seismic Retrofit was Completed in 2019 and is a great asset for an exchange purchase or an investor seeking growth & stability in a desirable rental community. Property is located within a short drive to CSULA & the 10 Freeway. Please Note: Buyer to Assume CHASE Loan (with an Approx. Balance of $750,000) at 3.15% Fixed until 11/01/2026.
Exterior Features

Parking Features CoveredUncovered Parking Total 9

Property Features

Association Fee 0 Buyer Financing Assumed Gross Income 125364 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 52367 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning Lard2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-09T09:28:26.13. 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): Shant Sherbetdjian of Remax Commercial And Investment Realty (213-817-1000)