7209 Seville Avenue
Walnut Park, CA 90255
0.25 acres | #SB23138300
Description
A MIXED-USE, 36 Apartments, 4 Retails in the corner of E. Florence Ave and Seville Ave, just a block from the vibrant Pacific Ave. The property located in Walnut Park which is an unincorporated area of Los Angeles County but just across the street from the City of Huntinton Park's border. 36 units are majority studios apartment with 5 1/1 and 1 2/1. There are 40 FREE public parking spots behind the building and a bus stop right in the front. The building is well maintain in a great condition over 95% of the apartments units have been updates over the years made the maintenance cost very low. The rent upside is 40+% because the property is under AB1482, the county allow the rent increase up to 10% especially the building didn't have rent raised for 3 years. The two rented retails are paying way below market and once the other 2 retails occupied, the Rent Cap will be 7%
Property Details
- Lot DescriptionCornerLot, NearPublicTransit, StreetLevel
- Stories3
Measurements
- Acres0.2515
Construction Details
- Property TypeInvestment
Condition
- Year Built1926
Utilities / Energy Details
- Utility FeaturesElectricityAvailable, SewerAvailable, WaterAvailable
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$8,500,000
- Buying Agency Compensation2.500
Other
- MLS #SB23138300
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- Garage Spaces0
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced 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
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Miranti Borvornsin (#SBBORVMIR)
Listing Office: Keller Williams Westside (#S9887)
