Active
1006 S Record Avenue
Los Angeles CA, 90023
$3,500,000
$357.22 per sqft
Active
9,798 sqft
Condo
Built in 1990
Listed by Peter Vallier with Benjamin Frank Venti Realty 949-280-5931
Record Avenue Apartments at 1006 Record Avenue is a private gated multi-family apartment complex in the heart of East Los Angeles.
A unique multi-family offering comprises two family-managed apartment buildings with six units on separate parcels that can be sold together or separately for an investor to oversee or an owner to occupy and lease out. This property would be an excellent opportunity for owners looking to upgrade to a larger rental property.
Encompassing 12 fully occupied units with a mix of six two-bed/two-bath units and four two-bed/one-bath units, with ample land for two parking spaces for each unit, which is very rare in this area.
Each 6 unit building can be sold separately for $1,750,000. Each building has one one-bed/bath ,two two/one-bath units and three two/two-bath units.
Each building has its owner separate washer and dryer in a common area.
The property is in a dense residential area of East Los Angeles, one of LA's oldest and most influential communities about five miles from Downtown Los Angeles. Close to the high-end community of Monterey Park, nestled four miles away and simply a five-minute drive to the vibrant entertainment, restaurants, and shopping corridor on Whitter Boulevard.
East Los Angeles College is three miles away, drawing many students looking for housing to 1006 S Record Avenue. Record Avenue Apartments has hassle-free connectivity reaching Interstate 710, Interstate 5, and Route 60 in less than a mile.
Well maintained, with incredible accessibility, Record Avenue Apartments is primed to offer an ideal investment opportunity to own a multi-family asset.
OC24051871
MLSⓇ ID
March 14, 2024
Listed
September 3, 2024
Updated
Map
1006 S Record Avenue
Los Angeles CA, 90023
Interior Features
Total Stories
2
Interior Features
Multiple Staircases
Appliances
Convection Oven, Dishwasher, Gas Oven, Gas Range, Refrigerator, Dryer, Washer
Laundry Description
Common Area
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Propane
Exterior/Building Features
Lot Size
0.2 Acres
Lot Features
Street Level
Roof
Synthetic, Tar/Gravel
Sewer
Unknown
Other Property Details
Area Name
699 - Not Defined
Days on Market
173
Garage
No
Parking Total
0
View
No
View Description
None
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LCR4YY
Listing Contact: 626-524-6019
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/3/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 9/3/2024 at 5:31 PM UTC