$999,000

5513 Homeside Avenue

Los Angeles CA, 90016

Description

Welcome to Homeside Apartments, a Three unit building in the heart of the hottest sub-market in Los Angeles. This cash cow is a stabilized asset bringing in over $60k gross rents per year and is located in an opportunity zone. Layout of all three units are two bedrooms and one bath with washer and dryer hookups in every unit. Very rare, Homeside Apartments has all utilities sub metered including water. This translates to very low monthly expenses. Parking area in the rear has enough space to accommodate a detached ADU, buyer to investigate. All units have been updated the last few years. All units boast newer vinyl planks, updated bathrooms and kitchens, upgraded copper plumbing, upgraded ABS waste lines through out, and newer windows. West Adams is booming with developments breaking ground everyday. Down the street is the almost completed 31 story high rise mixed use Cumulus District which will include a brand new Whole Foods grocery store and 50,000 square feet of retail space. With Amazon, Apple and Sony studios just blocks away, Homeside apartments is primed to take advantage of this hot rental market.

Details

MLS#PW21064358
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1953
Days On Site48

Features

SQ Feet1,704
Units3
Building(s)1
Water FrontNo
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Area Information
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90016
AreaC16 - Mid Los Angeles
Listing VS Median (in 90016)
Price:
$999,000
low | high
Med:
$889,000
61.011011011011% of Average
SqFt:
1,704
low | high
Med:
1,608
55.633802816901% of Average
$ / SqFt:
$586
low | high
Med:
$553
55.698235548982% of Average
On Site:
48
low | high
Med:
76
63.157894736842% of Average
Sourced by Back At You
Listing Updated: May 7, 2021 3:48:54 AM PDT
Alberto Garcia LogoMLS Number: PW21064358
Listing Provided By:
Alberto Garcia  of  Pacific Properties Rlty Group
MLS Internet Data Exchange (IDX) information is provided exclusively 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, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.