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$3,200,000
Est. payment /mo
0.46 Acres Lot
UPDATED:
02/27/2025 07:12 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25043403
HOA Y/N No
Year Built 1963
Lot Size 0.460 Acres
Property Sub-Type Apartment
Property Description
We are pleased to present Clara Street Apartments a 13-unit apartment community covering 0.5 Acres. The property features all 2-bedroom and 3-bedroom units with copper plumbing, gas heating, gas cooking, and ceiling fans. Many units have been updated with vinyl wood flooring, quartz countertops, and dual-pane windows. The complex offers a secured parking ratio of over 1.5:1, on-site laundry facilities, and is master-metered for gas, electricity, and water, providing an opportunity to implement RUBS (Ratio Utility Billing System) for additional income. With an estimated 6% cap rate based on current income, this property presents a strong investment opportunity.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning CUR3*
Interior
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 21
Pool None
Community Features Sidewalks
Total Parking Spaces 21
Private Pool No
Building
Lot Description Irregular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6225028006
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
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Listed by Chris Keramati • Triqor Group • chris@triqorgroup.com