1006 Record Avenue, Los Angeles, CA 90023
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- MLS#: OC24051871 ( Apartment )
- Street Address: 1006 Record Avenue
- Viewed: 7
- Price: $3,500,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1990
- Bldg sqft: 0
- Days On Market: 302
- Additional Information
- County: LOS ANGELES
- City: Los Angeles
- Zipcode: 90023
- Provided by: Benjamin Frank Venti Realty
- Contact: Peter Peter
- DMCA Notice
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DescriptionRecord Avenue Apartments at 1006 Record Avenue is a private gated multi family apartment complex in the heart of East Los Angeles. A unique multi family offering comprises two family managed apartment buildings with six units on separate parcels that can be sold together or separately for an investor to oversee or an owner to occupy and lease out. This property would be an excellent opportunity for owners looking to upgrade to a larger rental property. Encompassing 12 units with a mix of six two bed/two bath units and four two bed/one bath units, with ample land for two parking spaces for each unit, which is very rare in this area. Each building has one one bed/bath ,two two/one bath units and three two/two bath units. Each building has its owner separate washer and dryer in a common area. The property is in a dense residential area of East Los Angeles, one of LAs oldest and most influential communities about five miles from Downtown Los Angeles. Close to the high end community of Monterey Park, nestled four miles away and simply a five minute drive to the vibrant entertainment, restaurants, and shopping corridor on Whitter Boulevard. East Los Angeles College is three miles away, drawing many students looking for housing to 1006 S Record Avenue. Record Avenue Apartments has hassle free connectivity reaching Interstate 710, Interstate 5, and Route 60 in less than a mile. Well maintained, with incredible accessibility, Record Avenue Apartments is primed to offer an ideal investment opportunity to own a multi family asset.
Property Location and Similar Properties
Features
Accessibility Features
- 2+ Access Exits
- Parking
Appliances
- Convection Oven
- Dishwasher
- Gas Oven
- Gas Range
- Refrigerator
Assessments
- None
Building Area Total
- 9798.00
Commoninterest
- Community Apartment
Common Walls
- 2+ Common Walls
Cooling
- Central Air
Country
- US
Days On Market
- 278
Electric Expense
- 2377.00
Entry Location
- Gate
Fencing
- Average Condition
- Wrought Iron
Fireplace Features
- None
Fuel Expense
- 2377.00
Garage Spaces
- 0.00
Heating
- Propane
Insurance Expense
- 3471.00
Interior Features
- 2 Staircases
Laundry Equipment Own Lease
- Own
Laundry Features
- Community
- Dryer Included
- Washer Included
Laundry Income
- 400.00
Levels
- Two
Lockboxtype
- None
Lot Features
- Level with Street
Netoperatingincome
- 157000.00
Number Of Separate Electric Meters
- 12
Number Of Separate Gas Meters
- 12
Number Of Separate Water Meters
- 12
Otherexpense
- 4972.00
Otherexpensedescription
- Repairs
Parcel Number
- 5239019042
Pool Features
- None
Postalcodeplus4
- 2550
Professionalmanagementexpense
- 0.00
Property Type
- Apartment
Property Condition
- Updated/Remodeled
Road Frontage Type
- Access Road
Roof
- Synthetic
- Tar/Gravel
Security Features
- 24 Hour Security
- Automatic Gate
- Gated Community
Sewer
- Unknown
Sourcesystemid
- CRM
Sourcesystemkey
- 410876918:CRM
Spa Features
- None
Tenant Pays
- All Utilities
Totalactualrent
- 198996.00
Totalexpenses
- 17951.00
Trash Expense
- 2377.00
Utilities
- Cable Available
- Electricity Connected
- Propane
- Water Connected
View
- None
Water Sewer Expense
- 2377.00
Water Source
- Public
Year Built
- 1990
Year Built Source
- Public Records
Zoning
- LCR4YY