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$ 1,495,000
Est. payment /mo
Active
2677 Moss AVE Los Angeles, CA 90065
7,479 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2607351
HOA Y/N No
Year Built 1963
Lot Size 7,479 Sqft
Property Description
7 unit (all 2 bed 1 bath) value-add apartment located in Glassell Park, one of the hottest neighborhoods of Los Angeles bordered by Glendale, Silver Lake, Eagle Rock, Highland Park, Cypress Park, Mt. Washington and Atwater Village. Its centralized LA County location provides extended proximity to Hollywood, Koreatown, Downtown LA, Monterey Park, Alhambra and Pasadena. It is a hilly neighborhood with modest homes and fashionable neighbors, serviced by many locally owned eateries, coffee shops and shopping boutiques. Residents are further benefited by public transportation and quick access to the 2 and 5 Freeways. This continually flourishing sub-market coupled with a property generating income well-below market, presents an investor with a considerable opportunity worth seizing. In recent years the owners have spent significant funds in improving the property. In addition, seismic gas shut-off valves and completing soft-story seismic retrofit (permitted 03/2020) was also completed. There are 7 parking spaces equally assigned to each unit. There is a dedicated on-site laundry room, which currently has no machines. Charging for parking and providing laundry machines are opportunities to immediately enhance yield. Additionally, market rents are projected at $2,500 for all the 2BR units after full renovation, which equates to over 200% in rental upside. The property is subject to The City of LA Rent Stabilization Ordinance (RSO).
Location
State CA
County Los Angeles
Area 623 - Glassel Park
Zoning R1-1-CDO
Interior
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Pool None
Community Features Curbs, Street Lights, Suburban, Sidewalks
View Y/N No
Total Parking Spaces 7
Private Pool No
Building
Lot Description Front Yard, Landscaped
Story 2
Sewer Public Sewer
Others
Senior Community No
Tax ID 5457019026
Energy Description 11000.0
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2603204
Listed by Ani Ginosyan Rise Realty anig.realtor@gmail.com, DRE #02153123