Lease to Own
Address
6740 Brynhurst Avenue Los Angeles, CA
Price
$ 4,999,000
Property Attributes
  • MLS#SR20136879
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaLos Angeles Southwest
  • Zip90043
  • Style
  • Price$ 4,999,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage15370
  • Lot Size11,326 SqFt
Listing Provided Courtesy Of:
Manish Drona with Drona Realty & Mortgages.
Property Description

BRAND NEW CONSTRUCTION (NON RENT CONTROLLED APARTMENT BUILDING) at $325 per Sq. ft. in booming neighborhood of RAMS Stadium. Only 3 min walk from new Florence/West LA metro station. There are total 12 very spacious unit - 9 units are 3 Bed/2 bath ranging from 1150 to 1350 sq. ft. , 2 units are 2 bed/2 bath at 950 sq. ft and one unit is 1 Bed/1 Bath on ground floor. Every unit comes with it's own private balcony and covered Reserved parking. Out of this, 2 units are reserved for affordable housing. Building has Recreational room and onsite Laundry. All the units are rented to Sec 8 LA Housing Authority, assuring the timely rent to owner. There is currently Freddie Mac non-recourse, assumable loan of $3,093,000 at 3.4%, so this will be transferred to new buyer. Buyer needs to bring the additional equity to purchase this. Monthly Gross Rental Income is $27,435 and monthly principal & Interest mortgage payment is $13,747.92. This comes at 4.92 CAP and 15 GRM. Location - Just under 2 miles to brand new 80,000 seat NFL Rams stadium, less than 2 miles away from the planned Hollywood Park development which will include about 500,000 SF retail & entertainment and more than 2500 residential units, this property's location screams for investors attention. This could be your best Investment for next 5-10 years as prices are going up consistently and growth in this area is higher as compared to other areas of LA.

Price History
7/13/2020 Listed $4,999,000

General Features

Assessments None
Attached Structure Attached
Community Features Sidewalks, Storm Drains, Street Lights, Urban
Cooling Central Air
Directions From Florence, Left on Brynhurst
Garage Spaces 16.00
HOA Fee 0.00
Heating Central
Interior Features Balcony, Granite Counters, Living Room Balcony, Open Floorplan
Levels Three Or More
Listagentaor Southland
Listing Agent Manish Drona - BRE#01923188
Listing Agent State License 01923188
MLS Area C34 - Los Angeles Southwest
Number of Units Leased 12
Pool Features None
Price Per Square Foot 325.24
Property Attached Y/N Yes
Sewer Public Sewer, Sewer Paid
Source System CRMLS
Special Listing Conditions Standard
Terms 3093000
Total Units 12
Zoning LAR3

Interior Features

1st Bedroom Area 600
1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area 950
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area 1150
3rd Bedroom Area Unit Type Square Feet
Air Conditioning Y/N Yes
Common Walls 2+ Common Walls
Dishwasher Count 12
Fireplace Features None
Garbage Disposal Count 12
Heating Y/N Yes
Laundry Features Community, See Remarks
Laundry Y/N Yes
Range Count 12
Refrigerator Count 12
Room Type Master Bathroom, Master Bedroom, Walk-In Closet
Studio Area Unit Type Square Feet
Total Stories 3

Exterior Features

Building Area Total 15370.00
Lot Features 6-10 Units/Acre
Lot Size Acres 0.2600
Lot Size Area 11327.0000
Lot Size Source Assessor
Lot Size Square Feet 11327.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 12
Number of Separate Gas Meters 1
Number of Separate Water Meters 1
Total Parking 16.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90043

Price
AVG $2.08M
$5M
Visits
AVG 23
71
Year Built
AVG 1949
2019

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