1622 Morton Avenue

    Los Angeles (City), CA 90026
    • $2,400,000
    • STATUS: Active
    • ON SITE: 39 days
    • ID#: 18301978
    UPDATED: 32 min ago
    $2,400,000
    • 0
      BEDS
    • 0.66
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,436
      SQFT
    • $698
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1902
    County:

    School Ratings & Info

    Description

    1622 Morton Avenue is charming courtyard style offering that consists of six units, situation on a large 29,000 square foot lot and contains four separate buildings. With a total of 15 on-site parking spaces, the property holds a desirable unit mix of (1) single unit, two (2) one-bedroom/one-bathroom units, two (2) one-bedroom/one-bathroom bungalow units, and one (1) three-bedroom/two-bathroom two story craftsman house located in the back of the lot. This unique offering is currently zoned R2-1VL, permitting any developer or investor the opportunity create value through renovations with the ability to potentially build, 5 duplexes by a lot split with a variance.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-19T22:26:32.08. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.californiarealtyexperts.com/homes/79872215

    1622 Morton Avenue Los Angeles (City), CA 90026

    • Price: $2,400,000
    • Status: Active
    • Updated: 32 min ago
    • ID#: 18301978
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.66
    Acres
    3,436
    SQFT
    $698
    $/SQFT
    1902
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    1622 Morton Avenue is charming courtyard style offering that consists of six units, situation on a large 29,000 square foot lot and contains four separate buildings. With a total of 15 on-site parking spaces, the property holds a desirable unit mix of (1) single unit, two (2) one-bedroom/one-bathroom units, two (2) one-bedroom/one-bathroom bungalow units, and one (1) three-bedroom/two-bathroom two story craftsman house located in the back of the lot. This unique offering is currently zoned R2-1VL, permitting any developer or investor the opportunity create value through renovations with the ability to potentially build, 5 duplexes by a lot split with a variance.
    Exterior Features

    Garage Spaces 6.00 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Covered Parking Parking Total 6.00 Parking YN Yes

    Interior Features

    Levels Two

    Property Features

    Cap Rate 2.14 Gross Multiplier 23.67 Gross Operating Income 105635.00 Improvements Amount 353245 Land Value 765369 Net Operating Income 51332.00 Special Listing Conditions Standard Tax Rate 1.19 Tax Year 2017 Total Actual Rent 8449.00 Total Expenses 54514.00 Zoning R2-1Vl

    Listing provided courtesy of Neema Ahadian of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-19T22:26:32.08. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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