For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $3,200,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ND21068416
Sold Date 05/28/21
HOA Y/N No
Year Built 1964
Tax Year 2021
Lot Size 0.360 Acres
Property Description
Las Lomas Apartments is exceptionally well located in the heart of Los Angeles between the 110, 710, 5, and 10 freeways, only 15 minutes from downtown LA. Due to the property's close proximity to major employment hubs of Southern California, the apartments have enjoyed historically low tenant turnover and have had no spells of vacancy even during COVID shut downs. In addition, the property commands the highest rents in its submarket. Las Lomas is close to grocery stores, the Civic Center, schools, major freeways, and high quality jobs. This sort of convenience is usually associated with the hustle and bustle of the city, however to the contrary, Clarendon Ave. is a quiet street in a residential neighborhood consisting of primarily single family homes. The management has built a community of quiet, respectful and responsible residents. The current management has invested over $250,000 into improvements, and fully renovated most of the units and areas of the property. An additional $80,000 was spent converting a large portion of the property's plumbing from galvanized piping to copper and abs. Furthermore, management has spent $7,000 rewiring the electrical. On-Site Manager of 25 years! On-Site Maintenance Person who has done all the construction and maintenance for the last 6 years! This is a perfect opportunity to acquire a well-maintained asset that can continue to develop its upside and place in its market as a premier housing accommodation for years to come!
Location
State CA
County Los Angeles
Area T1 - Vernon, Maywood, Hunt Pk & Bell, N Of Florenc
Rooms
Other Rooms Shed(s)
Interior
Heating Natural Gas, Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Tile, Vinyl, Wood
Fireplace No
Appliance Built-In Range, Gas Cooktop, Disposal, Gas Oven, Self Cleaning Oven, Vented Exhaust Fan, Water Heater
Laundry Common Area, Washer Hookup, Gas Dryer Hookup
Exterior
Garage Attached Carport, Assigned, Concrete, Door-Multi, Detached Carport, Door-Single, Garage Faces Front, Garage, Gated, On Site, Garage Faces Rear, On Street
Garage Spaces 5.0
Carport Spaces 18
Garage Description 5.0
Fence Block, Chain Link, Security, Stucco Wall, Wood, Wrought Iron
Pool Community, Fenced, Filtered, Gunite, In Ground, Tile
Community Features Suburban, Gated, Pool
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Composition
Accessibility Safe Emergency Egress from Home, Parking, Accessible Doors
Parking Type Attached Carport, Assigned, Concrete, Door-Multi, Detached Carport, Door-Single, Garage Faces Front, Garage, Gated, On Site, Garage Faces Rear, On Street
Total Parking Spaces 23
Private Pool No
Building
Lot Description 16-20 Units/Acre, Back Yard, Front Yard, Sprinklers In Rear, Sprinklers In Front, Lawn, Landscaped, Level, Near Public Transit, Rectangular Lot, Sprinklers Manual, Sprinkler System, Street Level, Value In Land, Yard
Faces North
Story 2
Entry Level Two
Foundation Raised, Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Additional Building Shed(s)
New Construction No
Others
Senior Community No
Tax ID 6319004003
Security Features Carbon Monoxide Detector(s),Gated Community,Resident Manager,Smoke Detector(s),Security Lights
Energy Description 3600.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Submit
Listing Terms Cash, Cash to New Loan, 1031 Exchange, Submit
Financing Cash to New Loan,Conventional
Special Listing Condition Standard, No Smoking
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Edan Amar • Keller Williams Hollywood Hills
GET MORE INFORMATION