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.
|DAYS ON MARKET||41||LAST UPDATED||8/24/2022|
|YEAR BUILT||1989||COMMUNITY||Silver Lake - Echo Park|
|PROPERTY TYPE(S)||Residential Income|
|AREA||Silver Lake - Echo Park|
|LOT||6983 sq ft|
|LOT DESCRIPTION||6-10 Units/Acre|
TOTAL MONTHLY PAYMENT
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Based on information from California Regional Multiple Listing Service, Inc. as of 10/3/22 7:44 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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