Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

Quick Search

    1053 Figueroa Terrace, Los Angeles, CA 90012
    Image Gallery
    Property Photos
    1053 Figueroa Terrace
    Contact Silva Babaian
    Contacting Silva Babaian
    • All fields are required.
    Schedule A Showing
    Schedule a Showing.
    • All fields are required.
    Check this box to Register with us:
    Request more information
    • MLS#: WS24109540 ( Apartment )
    • Street Address: 1053 Figueroa Terrace
    • Viewed: 13
    • Price: $1,999,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1992
    • Bldg sqft: 0
    • Days On Market: 308
    • Additional Information
    • County: LOS ANGELES
    • City: Los Angeles
    • Zipcode: 90012
    • Provided by: RE/MAX PREMIER/SANMARINO
    • Contact: YAN YAN
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      Presenting a rare opportunity to acquire this attractive 1992 custom built and meticulously crafted,5 unit,city view apartment complex. Located adjacent to the iconic Chinatown, Echo Park & Silverlake areas of Los Angeles,& positioned strategically& conveniently near the #2,5,134,110,&101 freeways,& rapid transit including the Gold Line & bus routes. It is situated in a trendy & up and coming strong rental market amidst DTLA, Silverlake,Dodger Stadium,Echo Park & the Financial District neighborhoods with major employers including USC,Good Samaritan Hospital,Paramount Studios,& the Los Angeles Fashion and Arts Districts,& much more.This property offers an excellent opportunity for discerning homeowners or investors to secure a true value added asset in a highly coveted locale.Comprising 3 stories with a total building size of 7,658 sq.ft. per assessor,all units are spacious & the apartment complex boasts a desirable unit mix including an OWNER unit of approx.2,641 sq.ft.(will be available upon close of escrow with new paint & carpet throughout) featuring a 3br,3.5bth townhome style front unit with an office /den(could be used as a 4th bedroom),large recreation room, C/A, spacious laundry area, ample storage rooms,a 2 car attached garage. The outside laundry & storage rooms with best possibilities for ADU are utility ready with dry walls & windows.Buyer to Investigate feasibility, seller makes no guarantees and no warranties. The remaining 4 units are an ideal mix of two larger (over 1,100 sq. ft. ea) 3br,2bth U and two good sized 2 br,1 bth U. Each unit boasts an excellent layout, individual water heaters, & separate metering for gas and electricity utilities, ensuring convenience & efficiency. Four units are occupied by tenants on month to month leases. Rent comparable reports indicate a positive upside & added investment potential. Property is not under citys Rent Stabilization Ordinance (RSO), but subject to State Rent Control AB1482 & Just Cause Ordinance (JCO). Buyer to investigate, seller makes no guarantees & no warranties. Total 10 parking spaces,3 covered spaces, 5 open parking spaces & a 2 car garage. Great Owner user building. Residents benefit from an array of culinary delights, cultural experiences, & artistic exhibitions for investors,owner or professionals, further enriching the allure of this investment opportunity. Now is the time to seize this exceptional offering in one of Los Angeles most dynamic and sought after neighborhoods.
    Request More Information
    • All fields are required.
    Features
    Appliances
    1. Dishwasher
    2. Free-Standing Range
    3. Disposal
    4. Water Heater
    Architectural Style
    1. Custom Built
    Assessments
    1. Buyer to Assume
    2. Buyer to Verify
    3. Unknown
    Association Fee
    1. 0.00
    Building Area Total
    1. 7658.00
    Carport Spaces
    1. 3.00
    Commoninterest
    1. Community Apartment
    Common Walls
    1. 2+ Common Walls
    Construction Materials
    1. Drywall Walls
    Cooling
    1. See Remarks
    Country
    1. US
    Days On Market
    1. 186
    Direction Faces
    1. South
    Electric Expense
    1. 800.00
    Entry Location
    1. front
    Fireplace Features
    1. None
    Flooring
    1. Carpet
    2. Laminate
    3. Tile
    4. Vinyl
    Garage Spaces
    1. 2.00
    Heating
    1. Central
    2. Combination
    3. Wall Furnace
    Insurance Expense
    1. 3500.00
    Interior Features
    1. Balcony
    2. Living Room Balcony
    3. Storage
    Laundry Features
    1. Inside
    Lockboxtype
    1. None
    Lot Features
    1. Lot 6500-9999
    2. Rectangular Lot
    3. No Landscaping
    Netoperatingincome
    1. 99717.00
    Otherexpense
    1. 5000.00
    Otherexpensedescription
    1. utilitie
    Parcel Number
    1. 5406022015
    Parking Features
    1. Assigned
    2. Carport
    3. Attached Carport
    4. Detached Carport
    5. Covered
    6. Direct Garage Access
    7. Concrete
    8. Paved
    9. Garage
    10. Garage Faces Front
    11. Garage - Single Door
    12. On Site
    13. Parking Space
    Pool Features
    1. None
    Postalcodeplus4
    1. 1395
    Professionalmanagementexpense
    1. 0.00
    Property Type
    1. Apartment
    Security Features
    1. Carbon Monoxide Detector(s)
    2. Smoke Detector(s)
    3. Window Bars
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 415780041:CRM
    Spa Features
    1. None
    Suppliesexpense
    1. 1500.00
    Tenant Pays
    1. Electricity
    2. Gas
    3. Telephone
    Totalexpenses
    1. 33212.00
    Trash Expense
    1. 1600.00
    Uncovered Spaces
    1. 5.00
    Utilities
    1. Electricity Available
    2. Natural Gas Connected
    3. Sewer Connected
    4. Water Available
    View
    1. City Lights
    2. Neighborhood
    Views
    1. 13
    Water Sewer Expense
    1. 2600.00
    Water Source
    1. Public
    Year Built
    1. 1992
    Year Built Source
    1. Assessor
    Zoning
    1. LARD1.5
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836