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1408 N Las Palmas Ave, Los Angeles, CA 90028
0 Beds
0 Baths
n/a sqft

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Price reduced by $45,000. The new asking price is $1,350,000. 1408 N Las Palmas is a lender-owned REO, six-unit apartment building situated in the Hollywood neighborhood of Los Angeles. The 1957 built property constructed of wood frame and stucco is a two-story walk-up with open parking in the rear, one parking space per unit. Units are individually metered for electricity and gas, and all of the units are one-bedrooms with one-bathroom. One unit will be delivered vacant, and five units are occupied. There is a potential to redevelop the property into either an apartment building or a small lot subdivision. According to public records the lot size is 7,145.1 square feet and the zoning is RD 1.5-1XL and situated in a TOC Tier 3 zone. Please see KTGY site study. With a Walk Score of 96, the property is within walking distance to shops, dining, entertainment, and employment opportunities. The property is situated in the Federal Designated Qualified Opportunity Zone.
  • Price:
  • $1,350,000
  • Acreage:
  • 0.16
  • Year Built:
  • 1957
  • Listing ID #:
  • 20570592
  • Street Address:
  • 1408 N Las Palmas Ave
  • City:
  • Los Angeles
  • State:
  • California
  • Postal Code:
  • 90028
  • County:
  • Los Angeles
  • Community:
  • Chollywood
  • Listing Status:
  • Active
  • Number Of Units:
  • 6
  • Stories:
  • 2
  • Total # Of Buildings:
  • 1
  • Year Built:
  • 1957
  • Expenses:
  • 36066.00
  • Gross Income:
  • 71937.00
  • Net Operating Income:
  • 35871.00
  • Conforms To Zoning:
  • Lard1.5
  • Lot Square Footage:
  • 7144.00
  • Days On Market:
  • 87
  • Previous Listing Price:
  • 1395000.00
  • Parking Description:
  • Parking Space
  • Heating:
  • Wall Furnace
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By Brent Sprenkle of Berkadia (: 01290116)
  • CRMLS

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