949 W Adams , #14

    Los Angeles (City), CA 90007
    • $44,500,000
    • STATUS: Active
    • ON SITE: 11 days
    • ID#: 19508782
    UPDATED: 14 min ago
    $44,500,000
    • 18
      BEDS
    • 0.59
      ACRES
    • 38
      BATHS
    • 0
      1/2 BATHS
    • 18,468
      SQFT
    • $2,410
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    Description

    A rare opportunity to acquire an amazing Portfolio of primarily student housing located adjacent to USC & Koreatown. Consisting of 10 buildings, 8 of which are located within blocks of each other. The properties are well suited for common area & interior upgrades. The buildings are being offered as a portfolio & must be sold together. Addresses and APN#'s are:2666 Orchard Ave.APN#5055-026-028, 909 W. 30th St.APN#5123-004-413, 738 W. 27th St.APN#5123-016-010, 3006 Royal St.APN#5123-011-001, 949 W. Adams Blvd.APN#5124-010-020, 2620 Severance St.APN#5123-003-011, 1282 W. 29th St.APN#5055-010-002, 2827 Orchard Ave.APN#5055-012-008, 966 S. Hoover St.APN# 5136-003-017, 720 Hoover St. APN#5141-012-014. ALL OFFERS MUST BE RECEIVED BY LISTING AGENTS NO LATER THAN FRIDAY, SEPT. 20, 2019 BY 5:00 PM. OFFERS MUST INCLUDE PROOF OF FUNDS.

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    Based on information from CARETS as of 2019-09-21T17:47:17.64. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.goldenpalmproperties.com/homes/98798362

    949 W Adams , #14 Los Angeles (City), CA 90007

    • Price: $44,500,000
    • Status: Active
    • Updated: 14 min ago
    • ID#: 19508782
    18
    Beds
    38
    Baths
    0
    ½ Baths
    0.59
    Acres
    18,468
    SQFT
    $2,410
    $/SQFT
    1956
    Built
    Neighborhood:
    Downtown L.A. (C42)
    County:
    Los Angeles
    Area:
    Downtown L.A. (C42)
    Property Description
    A rare opportunity to acquire an amazing Portfolio of primarily student housing located adjacent to USC & Koreatown. Consisting of 10 buildings, 8 of which are located within blocks of each other. The properties are well suited for common area & interior upgrades. The buildings are being offered as a portfolio & must be sold together. Addresses and APN#'s are:2666 Orchard Ave.APN#5055-026-028, 909 W. 30th St.APN#5123-004-413, 738 W. 27th St.APN#5123-016-010, 3006 Royal St.APN#5123-011-001, 949 W. Adams Blvd.APN#5124-010-020, 2620 Severance St.APN#5123-003-011, 1282 W. 29th St.APN#5055-010-002, 2827 Orchard Ave.APN#5055-012-008, 966 S. Hoover St.APN# 5136-003-017, 720 Hoover St. APN#5141-012-014. ALL OFFERS MUST BE RECEIVED BY LISTING AGENTS NO LATER THAN FRIDAY, SEPT. 20, 2019 BY 5:00 PM. OFFERS MUST INCLUDE PROOF OF FUNDS.
    Exterior Features

    Parking Spaces Total 25 Parking Type Other

    Interior Features

    Cooling Type Other Heating Type Other Interior Features Other Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Partially Unit Furnished03 Partially Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 0.0 Unit Number Of Bed01 173

    Property Features

    Adjusted Gross Income 3406308.00 Assessed Improvement Value 1989492.00 Assessed Land Value 808470.00 Country United States Of America Expense Total Annual 0.00 Gross Operating Income 3406308.00 Gross Rent Multiplier 13.06 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Vendor Enhanced Net Operating Income 1817921.00 Number Of Buildings 10 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 3406308.00 Unit Projected Total Monthly Rent01 4767000.00 Unit Total Monthly Rent01 3406308.00 Unit Type01 193 Units Total In Complex 193 Zoning Lard1.5

    Listing provided courtesy of Rick Tyberg DRE#02076436 of Douglas Elliman and Sam Shakerchi CA DRE# 01868195 of .


    Based on information from CARETS as of 2019-09-21T17:47:17.64. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
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