Los Angeles, CA 90031 221 S Avenue 19

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  • MLS# 21110549
  • 12/07/2021
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Presented By: Jonathan Prakash with KW Advisors - 310-951-6566
  • Beds • 10
  • Baths • 8
  • SQFT • 4,130
  • Year Built • 1923

Home Details

4.54% CAP | Turnkey Multifamily Opportunity. We are pleased to present the South Avenue 19 apartments: an eight (8) unit multifamily investment opportunity located in Lincoln Heights. These three single story, wood frame stucco buildings were built in 1923,1924, and 1925 and consist of 4,130 SF of living area with eight (8) on-site parking spaces. Further, this property is situated on a large 9,952 SF lot zoned LA-R1.5. The property features six (6) One bedroom | One bathroom units and two (2) spacious, completely remodeled Two bedroom | One bathroom units. Both of the 2 bedroom units and three of the 1 bedroom units have undergone extensive rehab including but not limited to: completely redone bathrooms and showers, upgraded living rooms, new kitchens featuring brand new appliances, laminate flooring, new windows, all new paint, etc. Further, these have been with updated with new plumbing and upgraded electrical. The new owner will benefit from the property's low annual expenses: no trash expense, separate gas and electric meters, and drought tolerant landscaping providing strong current and future cash flow. The property is located on S Avenue 19 just south of N Broadway near N San Fernando Rd. The property allows for tenants to live in close proximity to Downtown Los Angeles, with short commutes to the San Gabriel Valley, and close by transit at the Lincoln Heights/Cypress Park Station and Chinatown Station. The LA-USC Medical Center is just north of the 10 freeway, and nearby parks include Downey Recreation Center, Downey Playground and Lincoln Heights Recreation Center.
Presented By: Jonathan Prakash with KW Advisors - 310-951-6566

Interior Features for 221 S Avenue 19

Bathrooms

Total Baths0

Other Interior Features

Air Conditioning Y/NYes
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo

General for 221 S Avenue 19

Co-Listing AgentDerrick Vartanian - BRE#01816119
Co-Listing Agent State License #01816119
CoolingWall/Window Unit(s)
FlooringCarpet, Laminate
HOA Fee$0
HeatingNone
Listing AgentJonathan Prakash - BRE#01483131
Listing Agent State License01483131
Lot Size Square Feet9952
MLS Area677 - Lincoln Hts
Other StructuresShed(s)
Pool FeaturesNone
Private PoolNo
Property TypeResidential Income
PropertyConditionUpdated/Remodeled
Senior Community Y/NNo
Spa FeaturesNone
Special Listing ConditionsStandard
StatusActive
Total Units8
ZoningLARD1.5

Exterior for 221 S Avenue 19

Lot Size Acres0.2285
Lot Size Area9952
Lot Size SourceOther
Lot Size UnitsSquare Feet
Number of Buildings3
Parking FeaturesDriveway, Uncovered
SpaNo
Total Parking8

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group REALTOR® DRE 02015480
Price $2,065,000
MLS#21110549
List Date 12/07/2021
Property Type Income
Phone 310.658.1749
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