Address
1846 Cordova Street Los Angeles, CA
Price
$ 1,750,000
Property Attributes
  • MLS#20594982
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid Los Angeles
  • Zip90007
  • Style
  • Price$ 1,750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6,534 SqFt
Listing Provided Courtesy Of:
Neema Ahadian with Marcus & Millichap.
Property Description

Built in 1959, this 8-unit property totals 5,280 SF located in Mid-City's Harvard Heights, between Normandie Ave & S Mariposa Ave, just south of Washington Blvd. The building features a unit mix of exclusively two-bed one-bath apartments. This offering presents an investor the opportunity to acquire a value-add asset with a 37% loss-to-lease and a pro forma CAPrate of 7.99% through renovations when the units turn. The property is being offered at a 14.18 GRM on current income and a low price per unit of $215,625.Furthermore, there are 8 parking spaces for the building secured by a gated entrance. Mid-city is a densely populated neighborhood with historical and architectural significance. The demand for apartment units in this neighborhood continues to increase year-over-year due to the centralized location with convenient access to the 10 Freeway and transportation options within walking distance.

Price History
6/24/2020 Listed $1,750,000

General Features

Appliances Dishwasher, Refrigerator
Construction Materials Stucco
Directions Located in Mid-Citys Harvard Heights, between Normandie Ave & S Mariposa Ave, just south of Washington Blvd
Flooring Wood
Heating None
Listing Agent Neema Ahadian - BRE#01346750
Listing Agent State License 01346750
MLS Area C16 - Mid Los Angeles
Parking Features Driveway
Special Listing Conditions Standard
Total Units 8
Zoning R3-1

Interior Features

Appliances Y/N Yes
Laundry Features None
Total Stories 2

Exterior Features

Lot Dimensions 52x128
Lot Size Acres 0.1500
Lot Size Area 6699.0000
Lot Size Source Owner
Lot Size Square Feet 6699.00
Lot Size Units Square Feet
Number of Buildings 1
Parking Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90007

Price
AVG $2.05M
$1.75M
Visits
AVG 26
53
Year Built
AVG 1933
1959
Walkscore
AVG 82
71
Data Provided by Walkscore ® not using MLS data

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