Price
$ 849,500
$25,500 Price cut

7323 BAKMAN Avenue, Los Angeles, CA 91352  

7323 BAKMAN Avenue, Los Angeles, CA 91352  

A solid 4 unit apartment building comprised of four large two bedroom, one bath apartments. Considered large due to their 950 SF floorplans, these are highly desirable when being marketed. Each unit has an enclosed garage parking space, 100% permitted copper plumbing, individual water heaters, electric and gas meters, a true low cost to maintain. The grounds are water friendly landscaping, also designed to minimize the water expense to the owner. Great investment that offers 61% upside in the rents to market rates. The raised foundation and no "soft" stories, causes this property to be earthquake retrofit exempt, therefore no large capital expenditure like other multifamily dwellings built before 1978. An owner-occupier could reside in one unit and benefit from the income of the other three apartments. Would recommend new owner to install coin-op laundry machines to add income. Can be acquired with 7317 Bakman as a 8 unit property with a commercial loan.

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Listing Type
Multi-Family
Listing ID
17230776
Lot Size
6,250.00 sqft
Listing Status
Active
Year Built
1953
County
Los Angeles
Floors
2
Units
4
Garage
4.0
Zoning
LAR3
TaxID
2315021017
Listing courtesy of Ricardo Dantas~Ricardo Dantas
Price History
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Date Event Change Price
6/29/2017 Price change $-25,500 (-2.9%) $849,500
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    Listing Information Provided By:
    RE/MAX PLAZA REALTY
    6260 Laurel Canyon Blvd North Hollywood, CA 91606 | Phone: (818) 508-0005
    RE/MAX PLAZA REALTY is licensed in the state of California CalBRE License #: 01132313
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.