456 Solano Ave - Apartments FOR SALE


Los Angeles, CA 90012- Chinatown
$1,275,000 USD
310-379-4444
456 Solano Ave, Los Angeles, CA for Sale
$1,275,000 USD
Apartments - FOR SALE
1/17
null | 2.85% Cap Rate

456 Solano Ave
Los Angeles, CA 90012
Chinatown


HIGHLIGHTS

  • Great historic neighborhood

OVERVIEW

Excellent investment opportunity with big upside, located in LA's Elysian Park in the Historic Solano Canyon neighborhood. Centrally located right in the heart of the city, on the cusp of Echo Park, and so many of the landmarks that Los Angeles offers, including Dodger Stadium, Downtown, Chinatown, the LA River, Los Angeles State Historic Park, Radio Hill Gardens, Elysian Park, along with so many walking trails, public spaces, and viewpoints... too many to list here! 1978-construction, 6-car garage parking. 3-bedroom 2-bathroom two-story "owner's unit" in the front, and 4 x 2-bedroom 1-bathroom units in the rear, above the garages. Ample parking for all units, plus driveway space. Newer-style construction for the neighborhood. Pride of ownership property, with great long-term tenants and ease of management for a new owner. City of LA soft-story retrofit completed and compliant!

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$248 USD /SF

# OF UNITS

5

PRICE/UNIT

$255,000

CAP RATE

2.85%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1978

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,900 SF

ZONING

R2, Los Angeles

APN/PARCEL ID

5414-023-019

ASK ABOUT THIS PROPERTY

Rodman AmiriMerit Real EstateMore Info
310-379-4444

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Rodman AmiriMerit Real EstateMore Info
310-379-4444

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.