106 E Avenue 37

    Los Angeles (City), CA 90031
    • $6,075,000
    • STATUS: Active
    • ON SITE: 61 days
    • ID#: 20547878
    UPDATED: 42 min ago
    $6,075,000
    • 0
      BEDS
    • 1.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    The Heritage Square Portfolio features 3614-3818 Pasadena Avenue, 106-114 E. Avenue 37 and 103-117 E. Avenue 36 and is comprised of 22 residential units and 3 commercial spaces on 51,492 SF of land. 106-114 E Avenue 37 and 103-117 E Avenue 36 is a 17 unit bungalow-style property sitting on four parcels totaling 38,583 SF of land. Of the 17 units, 13 of them are true bungalows with private entrances, no shared walls, side-yards and backyards. 3614-3618 Pasadena Avenue is a 12,433 SF lot zoned LARAS3. The property consists of three commercial spaces and five residential units that sit above the largest tenant, currently occupied by a garment manufacturer. As of September 2019, all commercial tenants are on a month-to-month contract. The portfolio sits directly across the street from the Heritage Square Gold Line station and is eligible for Tier 3 TOC incentives.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T13:27:42.937. 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 or Go Gabby | RE/MAX Estate Properties. Licensed in the State of California, USA.

    www.gogabby.com/homes/102625251

    106 E Avenue 37 Los Angeles (City), CA 90031

    • Price: $6,075,000
    • Status: Active
    • Updated: 42 min ago
    • ID#: 20547878
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.18
    Acres
    1924
    Built
    Neighborhood:
    677 - Lincoln Hts
    County:
    Los Angeles
    Area:
    677 - Lincoln Hts
    Property Description
    The Heritage Square Portfolio features 3614-3818 Pasadena Avenue, 106-114 E. Avenue 37 and 103-117 E. Avenue 36 and is comprised of 22 residential units and 3 commercial spaces on 51,492 SF of land. 106-114 E Avenue 37 and 103-117 E Avenue 36 is a 17 unit bungalow-style property sitting on four parcels totaling 38,583 SF of land. Of the 17 units, 13 of them are true bungalows with private entrances, no shared walls, side-yards and backyards. 3614-3618 Pasadena Avenue is a 12,433 SF lot zoned LARAS3. The property consists of three commercial spaces and five residential units that sit above the largest tenant, currently occupied by a garment manufacturer. As of September 2019, all commercial tenants are on a month-to-month contract. The portfolio sits directly across the street from the Heritage Square Gold Line station and is eligible for Tier 3 TOC incentives.
    Exterior Features

    Lot Size Source Other Lot Size Units Square Feet Parking Features Uncovered Parking YN Yes

    Property Features

    Additional Parcels YN Yes Gross Income 356016.00 Gross Multiplier 17.06 Gross Operating Income 345336.00 Net Operating Income 204217.00 Senior Community YN No Special Listing Conditions Standard Zoning Lard1.5Lasar3

    Listing provided courtesy of Kenny Stevens of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T13:27:42.937. 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 or Go Gabby | RE/MAX Estate Properties. Licensed in the State of California, USA.

     
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