1906 Pelham Avenue, Los Angeles, CA 90025
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- MLS#: 25484851 ( )
- Street Address: 1906 Pelham Avenue
- Viewed: 3
- Price: $5,250,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1964
- Bldg sqft: 0
- Days On Market: 20
- Additional Information
- County: LOS ANGELES
- City: Los Angeles
- Zipcode: 90025
- Provided by: Miller & Desatnik Realty Co.
- Contact: David David
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DescriptionThe Pelham Ave. Residences are 12 multi family units in two side by side properties located in a prime West LA location. Both properties are being sold together and have been combined as a single property with one APN #. The total size of both properties is approximately 13,448 SF and the total lot size is approximately 14,191 SF. The building on the corner of Pelham Ave and Missouri Ave is 7 units and the neighboring building is 5 units. Both properties are two stories and have tandem tuck under parking. There is a total of 12 parking spots and the mandatory seismic work for the parking structure has been completed on both properties. The Pelham Ave residences have an excellent unit consisting of (3) 3 BR (6) 2 BR and (3) 1 BR units. The rent roll reflects what the rents will be this February after yearly rent increases have been implemented. Every unit has at least one wall mounted or central AC unit. A few of the 3 BR units have central air and all the units have ceiling fans. The currents rents are below market, creating a quintessential value add opportunity. The Pelham Ave Residences are an incredible opportunity to purchase a trophy multi family asset on a large corner lot in a prime West LA location.
Property Location and Similar Properties
Features
Building Area Total
- 13448.00
Cooling
- Central Air
Country
- US
Heating
- Central
Laundry Features
- Outside
Levels
- Two
Netoperatingincome
- 229078.00
Parcel Number
- 4321008136
Parking Features
- Tandem Garage
- Covered
Postalcodeplus4
- 5840
Sourcesystemkey
- 25-484851:CLAW
Totalexpenses
- 148000.00
Year Built
- 1964
Zoning
- LAR3