Property Showcase

11214 MORRISON STLos Angeles, CA 91601 0

$3,345,000
Multi-Family
Status: Off Market
  • Bed:10
  • Bath:10
  • Sqft:7,800
  • Lot:7,100 sq ft
  • MLS#: 17263698
34.160560607910156-118.37505340576172
Courtesy Of Rodeo Realty- Brentwood

Description:

We are proud to present a Rare, Investment Opportunity, in the Heart of NoHo's, Famous Art District, a very High Rated Location with No Rent Control. This one of a kind Contemporary Structure, which is currently THE ONLY BRAND NEW Structure in its size FOR SALE, in this sought after neighborhood was completed in 2016 by a talented Architect, with the use of finest Sustainable Materials, according to the Principal of Modern Design, that left no detail untouched. All Stainless Steel Appliances. included in Sale, Units are separately metered for Electricity, Gas AND WATER. Please see the Virtual Tour ... Note : There is an existing Assumable loan of $1,580,000 with a 3.65% interest rate, Yes 3.65%. This is a saving of over $800 monthly compared to today's rate, which simply can not be duplicated. Also, there are 6 large Storage rooms in the garage that could generate additional income

Main Features:

Listing Status Off Market Year Built 2016
Floors 3 County Los Angeles
Rental Price $0 Units 6
Zoning LAR3

Additional Features:

Appliances Built-In BBQ
Dishwasher
Dryer
Garbage Disposal
Range
Refrigerator
Washer
Bathroom Description 2 Master Baths
Cooling Central A/C
Financing Cash to Loan
Cash to New Loan
Heating Central Furnace
Interior Features Elevator
Kitchen Description Gourmet Kitchen
Granite Counters
Laundry Location Laundry Area In Unit
Levels Multi Levels
Miscellaneous Features Balcony
Full Copper Plumbing
Parking Built-In Storage
Controlled Entrance
Special Conditions Standard Sale
Sprinklers Sprinkler System
Tenant Pays Cable TV
Electricity
Gas
Water
Terms Cash To Existing Loan
Cash To New Loan
TV Service Cable TV
Tv Satellite Dish
Water Heater Tankless

Extra Features:

Annual Expenses 3000.00 Annual Expenses 52154.00
Cap Rate 4.50 Electric Exp 1200.00
Gross Income 207264.00 Insurance Exp 2450.00
LP Per SQFT 428.85 Net Operating Income 155110.00
Parking Spaces 10 SQFT Source Builder

Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is copyrighted in by the Combined L.A./Westside Multiple Listing Service, Inc. L.A., CA. Any dissemination of this information in violation of copyright laws is strictly prohibited. TheMLS
Last Updated On: 10/20/2017 11:38:06 PM

11214 MORRISON ST, Los Angeles, CA 91601

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Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is copyrighted in by the Combined L.A./Westside Multiple Listing Service, Inc. L.A., CA. Any dissemination of this information in violation of copyright laws is strictly prohibited. TheMLS
Last Updated On: 10/20/2017 11:38:06 PM

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