207 N Savannah St | Los Angeles, CA 90033
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- LoopNet Team
207 N Savannah St
Los Angeles, CA 90033
17 Units Value-Add in Los Angeles · Multifamily Property For Sale · 17 Units
Investment Highlights
- Current Ownership has Recently Replaced Old Sub Panels for All 17 Units (Buyer to Verify)
- There is 114 Percent Remaining Rental Upside that can be Captured Through Turnover & Tactful Renovations
- Low Basis, Priced at $135,294 per Unit
- The Government Required Seismic Retrofit Work has Already Been Completed, Which Saves a New Investor Substantially in Capital and Time
- Current Ownership has Applied for Capital Expenditure Reimbursements for the Recent Electrical Upgrades Through the City of Los Angeles
- Majority Two-Bedroom/One-Bath Units, Which Drives Rental Growth
PROPERTY FACTS
| No. Units | 17 | Building Size | 11,170 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built/Renovated | 1932/1963 |
| Building Class | C | Parking Ratio | 1.52/1,000 SF |
| Lot Size | 0.33 AC |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 11,170 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1932/1963 |
| Parking Ratio | 1.52/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | 350 |
| 1+1 | 2 | - | 575 |
| 2+1 | 12 | - | 700 |
PROPERTY TAXES
| Parcel Number | 5180-015-028 | Improvements Assessment | $1,892,543 |
| Land Assessment | $2,317,402 | Total Assessment | $4,209,945 |
PROPERTY TAXES
Parcel Number
5180-015-028
Land Assessment
$2,317,402
Improvements Assessment
$1,892,543
Total Assessment
$4,209,945
zoning
| Zoning Code | LAR2 |
| LAR2 |
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