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430 N Bixel Street

Los Angeles (City), CA 90026
  • $1,575,000
  • STATUS: Active
  • ON SITE: 23 Days
  • ID#: 24356591
UPDATED: 33 min ago
$1,575,000
  • 11
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,462
    SQFT
  • $244
    $/SQFT
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

Listing Agent(s): Jason Tuvia of Marcus & Millichap (818-212-2700)


Description

We are pleased to present an eight (8) unit apartment building located at 430 N Bixel Street in Los Angeles, California. The subject property is located in a solid South Echo Park Location, south of W Temple Street and east of Glendale Boulevard. Built in 1923, this property contains a great unit mix of four (4) one-bedroom / one-bathroom units, one (1) one-bedroom / one-bathroom unit with a bonus den, and three (3) two-bedroom / one-bathroom units. The units are spread across four (4) detached craftsman style buildings with limited on-site parking available. The property goes street-to-street with side alley access making this a wonderful candidate for redevelopment. Complying with the Central City West Specific Plan, this property has a zoning of R4(CW) with a large abutting alleyway (used for density calculation), allowing for twenty-two (22) units by-right with potential to utilize Tier 2 TOC or ED 1 density bonus incentives. Situated in a solid South Echo Park location, this offering presents an excellent opportunity for any investor or developer to capitalize on one of the numerous options this property has as a value-add project or a redevelopment site in one of the fastest growing areas of Los Angeles.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-03T23:26:07.99. 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 Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.kevinhillre.com/homes/147412364
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430 N Bixel Street Los Angeles (City), CA 90026

  • Price: $1,575,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 33 min ago
  • ID#: 24356591
11
Beds
0
Baths
0
½ Baths
0.17
Acres
6,462
SQFT
$244
$/SQFT
1923
Built
Neighborhood:
C21 - Silver Lake - Echo Park
County:
Los Angeles
Area:
C21 - Silver Lake - Echo Park
Property Description
We are pleased to present an eight (8) unit apartment building located at 430 N Bixel Street in Los Angeles, California. The subject property is located in a solid South Echo Park Location, south of W Temple Street and east of Glendale Boulevard. Built in 1923, this property contains a great unit mix of four (4) one-bedroom / one-bathroom units, one (1) one-bedroom / one-bathroom unit with a bonus den, and three (3) two-bedroom / one-bathroom units. The units are spread across four (4) detached craftsman style buildings with limited on-site parking available. The property goes street-to-street with side alley access making this a wonderful candidate for redevelopment. Complying with the Central City West Specific Plan, this property has a zoning of R4(CW) with a large abutting alleyway (used for density calculation), allowing for twenty-two (22) units by-right with potential to utilize Tier 2 TOC or ED 1 density bonus incentives. Situated in a solid South Echo Park location, this offering presents an excellent opportunity for any investor or developer to capitalize on one of the numerous options this property has as a value-add project or a redevelopment site in one of the fastest growing areas of Los Angeles.
Exterior Features

Architectural Style Craftsman Lot Features Rectangular Lot Parking Features Uncovered Parking Total 2 Patio And Porch Features OpenPatio Pool Features None Pool Private YN No Spa Features None Spa YN No View City Lights View YN Yes

Interior Features

Appliances Refrigerator Common Walls No Common Walls Flooring Wood Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association YN No Cap Rate 5.08 Gross Income 133493 Land Lease YN No Levels Two Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 79969 New Construction YN No Possession Close Of Escrow Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning LACW



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-03T23:26:07.99. 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 Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
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Berkshire Hathaway HomeServices California Properties
25909 Pala Dr, Suite 100
Mission Viejo CA, 92691
Listing Agent(s): Jason Tuvia of Marcus & Millichap (818-212-2700)