943 Centennial Street

Los Angeles, CA, 90012

$3,000,000

$3,000,000
Active
Active
 - For Sale
beds
9 Beds
property_type
Multi-family
Tolj Commercial Real Estate is pleased to offer an eight-unit multifamily apartment building located at 943 Centennial Street in Los Angeles. The subject property is conveniently located near major retailers, bars, shopping centers, and restaurants, and within driving distance to major entertainment and sporting venues: Walt Disney Music Hall, Civil Center, Crypto Arena (formerly Staple Center), Dodger Station, and more. The subject property consists of 6,570-sf building situated on 6983-sf lot zoned Los Angeles Multiple Residential (LAR-3-1). There are ten (10) onsite parking stalls with street and alley access either from Figueroa Terrace or West College Street. Unit-mix is comprised of (6) two bedroom and one-bathroom units, (1) bedroom and bathroom unit, and (1) three bedroom and two-bathroom unit, a total of seventeen (17) bedrooms and ten (10) bathrooms. One main laundry room onsite. Each unit is individually metered for electricity and gas. There is one master water meter for the entire property. Pro-forma Gross Schedule Income: $217,200 , Pro-forma Cap Rate: 4.86% Pro-forma Gross Multiplier: 13.81. Prof-forma Net Operating Expenses: $145,861 . Property is not under LA Rent Control but subject to California State Rent Control.
MLS® ID:
PF22186343
Listed:
8/22/22
Updated:
10/3/22

Interior Features

Total Bedrooms
9
Total Bathrooms
0

Exterior/Building Features

Lot Size
6,982 ft² lot
Lot Details
Sidewalks

Other Property Details

Garage
No
Parking
N
View
N
County
Los Angeles
Pool
No
Pool Description
None
Total Stories
1
Zoning
Assessor

 

Courtesy of Mike Tolj, TOLJ Commercial Real Estate Se 

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Data last updated 7:33 AM UTC, 10/3/22

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