5122 Raleigh Street

    Los Angeles (City), CA 90004
    • $2,435,000
    • STATUS: Active Under Contract
    • ON SITE: 90 days
    • ID#: 18378154
    Under Contract
    UPDATED: 24 min ago
    $2,435,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,200
      SQFT
    • $393
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    I am pleased to present for sale, a 10-unit multifamily offering located at 5122 Raleigh St. in Los Angeles. Constructed in 1922, the ++G++G+-6,200 square foot (5 structure) property is situated on a ++G++G+-12,419 square foot lot. It's located just East of Larchmont, between Melrose and Beverly and exemplifies classic Hollywood charm.++G++G+-The building consists of ten 1BD/1BA bungalow style units surrounded by a beautify manicured courtyard that boasts stunning street lamps. ++G++G+-The tenants benefit from a central location that's minutes from the world famous Hollywood Walk of Fame, Paramount Studios, Los Angeles County Museum of Art, and the LA music scene on Sunset Strip. Los Angeles's improving infrastructure and lack of housing supply, has made it one of the most desired rental markets in the country, rivaling New York City and San Francisco.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T12:28:28.533. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.kimmeeker.com/homes/86769964

    5122 Raleigh Street Los Angeles (City), CA 90004

    • Price: $2,435,000
    • Status: Active Under Contract
    • Updated: 24 min ago
    • ID#: 18378154
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    6,200
    SQFT
    $393
    $/SQFT
    1922
    Built
    Neighborhood:
    HPK - Hancock Park
    County:
    Los Angeles
    Area:
    HPK - Hancock Park
    Property Description
    I am pleased to present for sale, a 10-unit multifamily offering located at 5122 Raleigh St. in Los Angeles. Constructed in 1922, the ++G++G+-6,200 square foot (5 structure) property is situated on a ++G++G+-12,419 square foot lot. It's located just East of Larchmont, between Melrose and Beverly and exemplifies classic Hollywood charm.++G++G+-The building consists of ten 1BD/1BA bungalow style units surrounded by a beautify manicured courtyard that boasts stunning street lamps. ++G++G+-The tenants benefit from a central location that's minutes from the world famous Hollywood Walk of Fame, Paramount Studios, Los Angeles County Museum of Art, and the LA music scene on Sunset Strip. Los Angeles's improving infrastructure and lack of housing supply, has made it one of the most desired rental markets in the country, rivaling New York City and San Francisco.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage - Two Door Parking YN Yes

    Interior Features

    Laundry Features See Remarks

    Property Features

    Cap Rate 4.83 Gross Multiplier 13.89 Gross Operating Income 174528.00 Improvements Amount 519908 Land Value 954935 Laundry YN Yes Net Operating Income 117093.00 Special Listing Conditions Standard Total Expenses 52361.00 Zoning Lar3

    Listing provided courtesy of Joshua Luchs of Cb Richard Ellis, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T12:28:28.533. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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