Address
801 Waterloo Street, Los Angeles, CA
Price
$ 1,475,000
Property Attributes
- MLS#23270095
- TypeIncome
- CountyLOS ANGELES
- CityLos Angeles
- AreaSilver Lake - Echo Park
- Zip90026
- StyleCraftsman
- Price$ 1,475,000
- Bedrooms6
- Full Bathrooms5
- Half Bathrooms0
- Sqr Footage4670
- Lot Size6,307 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description
Corner lot five unit craftsman apartment building in the Silver Lake/Echo Park area built in 1917 with tremendous upside and great investment opportunity! Spread across a 6,306 square foot lot, there are four units in one building and a separate unit in another building over three single car garages. The three single car garages are not being rented (NOT being used by tenants) and can potentially be converted to ADU's for additional rentals and income. Buyer to conduct their own investigation and due diligence. All five units are rented with below market rents. Four units are long term tenants, requiring major remodeling, with one unit rented in Dec 2020. Each unit has a separate address. There are four 1Bx1B units and one 2Bx1B unit totaling 4,670 rentable square feet. One bedroom may be unpermitted but has cleared recent LAHD code enforcement inspection. Each unit has its own washer and dryer and gas water heater. Separately metered for electricity and gas. Interior unit photos available upon request. Property will be sold as is with existing tenants in place. The property is subject to LA RSO (rent control) with rent increases allowed to resume in 2024. The adjacent duplex at 807 & 809 Waterloo St., MLS# 23-267985, is also for sale offered at $1,195,000 with a 6,308 square feet lot size. There is separate rear structure with 4 single car garages not being used by tenants and can potentially be converted to ADU's for additional rentals and income. The total lot size of both properties combined is approximately 12,614 square feet allowing for a prime future potential development opportunity.
| Price History | |
|---|---|
| 5/15/2023 | Listed $1,475,000 |
General Features
| Additional Parcels Y/N | No |
|---|---|
| Appliances | Refrigerator, Dryer, Washer |
| Architectural Style | Craftsman |
| Association Y/N | No |
| Attached Garage | No |
| Carport Y/N | No |
| City | Los Angeles |
| County | Los Angeles |
| Days on Market | 24 |
| Directions | North of 101 freeway, west of N. Alvarado St. Between Rosemont Ave. and Coronado Terrace. |
| Disclosures | RentControl |
| Garage Spaces | 3.0 |
| Garage Y/N | Yes |
| Gross Income | 85423.0 |
| Heating | FloorFurnace |
| Home Warranty Y/N | No |
| Land Lease Y/N | No |
| Lease Considered Y/N | No |
| Lease Renewal Y/N | No |
| Lot Size Square Feet | 6306.0 |
| MLS Area | C21 - Silver Lake - Echo Park |
| Mobilehomeremainsyn | No |
| Net Operating Income | 57503.0 |
| New Construction | No |
| Occupancy Description | Tenant |
| Open Parking Spaces | 2.0 |
| Pool Features | None |
| Possession | CloseOfEscrow |
| Private Pool | No |
| Property Attached Y/N | No |
| Property Condition | RepairsMajor |
| Property Type | ResidentialIncome |
| Rent Control Y/N | Yes |
| Security Features | CarbonMonoxideDetectors, SmokeDetectors |
| Senior Community Y/N | No |
| Sewer | Other |
| Spa Features | None |
| Special Listing Conditions | Standard |
| Standard Status | ActiveUnderContract |
| Status | ActiveUnderContract |
| Street Name | Waterloo |
| Tenant Pays | Electricity, Gas |
| Total Units | 5 |
| View | None |
| View Y/N | No |
| Waterfront Y/N | No |
| Year Built | 1917 |
| Zoning | LARD1.5 |
Interior Features
| Air Conditioning Y/N | No |
|---|---|
| Basement (Y/N) | No |
| Electric On Property Y/N | No |
| Fireplace Features | LivingRoom |
| Fireplace Y/N | Yes |
| Heating Y/N | Yes |
| Street Suffix | Street |
| Total Baths | 5 |
| Total Bedrooms | 6 |
| Total Stories | 2 |
Exterior Features
| Living Area | 4670.0 |
|---|---|
| Building Area Total | 4670.0 |
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
| Lot Size Acres | 0.1448 |
| Lot Size Area | 6306.0 |
| Lot Size Units | SquareFeet |
| Number of Buildings | 2 |
| Open Parking Y/N | No |
| Parking Features | DoorMulti, Garage, SharedDriveway, Uncovered |
| Spa | No |
| Total Parking | 5.0 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 90026
Price
Visits
Year Built
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of November 28, 2023 5:12 AM UTC 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.
© 2023 Fresno Association of REALTORS ®. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings held by brokerage firms other than RE/MAX Success are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent.
All data, including all measurements and calculations of area, is obtained
Tulare County Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be
