3900 Ingraham Street, Los Angeles, CA 90005

$4,300,000
24
BA
10,754
SqFt
Sold Price
$4,300,000
List Price
$4,650,000
Closing Date
Oct 12, 2018
Status
Closed
MLS#
18371390
Year Built
1940
Bathrooms
24
Living Sq. Ft
10,754
Lot Size
8,652
Days on Market
67
Property Type
Multifamily

Property Description

Ingraham 24-Unit Studio apartment building located in the highly desirable Koreatown submarket of Los Angeles. Great income property ; 4.35 % CAP rate is from new $58K property tax calculation. This beautiful all 24 studio APT has two-story structure that 11 units have recently undergone full interior renovation between 2014 ~ 2017. 19 units have been renovated in recent years featuring wood inspired laminate flooring and 11 units was upgraded with new kitchen cabinet, new refrigerator. Prime location; one short block to Wilshire/ Western metro Station and Wiltern Theater. Located in one of Los Angeles' most walkable neighborhoods, residents have immediate access to many of the best restaurants, bars and shops in Koreatown. An astute investor should view this opportunity as a rare chance to own in an A+ location with 12 units upside in rents. Also, R4 zoning TOC Tier 4 development opportunity.

Additional Information

Taxes
$30,109
Appliances
Refrigerator
Heat
Wall Gas
Cooling
Wall or Window Units
View
Parking
Other
Terms
Cash, Cash To Existing Loan, Cash To New Loan

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of Dream Realty Asset Mgt, Inc., Harry HyunMo Chung - CA DRE#01999369 Selling Office: Non-Participant Office.

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