1301 N STANLEY Avenue

Los Angeles , CA 90046

MLS#: 16122102

$2,550,000

Status: Closed
Listing number: 16122102
Listing provided by: KW Commercial Studio City
Listing agent phone: None
Last update: 2 years ago
On site: 9 years ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1926

Sq.Footage

N/A

1301 North Stanley Avenue, Los Angeles, CA 90046, a 10 Unit Apartment Community built in 1926. The asset is sited on the prominent corner of Stanley Avenue and Fountain Avenue between Fairfax and La Brea Avenue's. The asset features a very favorable unit mix for the new area "Millennial" demographic featuring Four Large (4) One Bedroom/One Bathroom, Two (2) Bachelors and Four (4) Large Single apartment Homes. The current owners have completed a tasteful renovation of Four (4) units, which leaves significant RENTAL UPSIDE in the remaining 6 units upon turnover. Parking is provided for 10 vehicles in covered and open format spaces. Additionally, there is NO SOFT STORY RETROFIT requirement pertaining with this property. Gas and Electrical utilities are separately metered, however, the current owner pays for limited utilities for certain units.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    N/A

Exterior

  • Garage

    No

  • Parking

    Assigned

  • Pool

    No

Area & Lot

  • Property Type

    Residential Income

Price

  • Sales Price

    $2,550,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

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Location

County

Los Angeles

Elementary School

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Listing Courtesy of Rich Johns , KW Commercial Studio City

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1301 North Stanley Avenue, Los Angeles, CA 90046, a 10 Unit Apartment Community built in 1926. The asset is sited on the prominent corner of Stanley Avenue and Fountain Avenue between Fairfax and La Brea Avenue's. The asset features a very favorable unit mix for the new area "Millennial" demographic featuring Four Large (4) One Bedroom/One Bathroom, Two (2) Bachelors and Four (4) Large Single apartment Homes. The current owners have completed a tasteful renovation of Four (4) units, which leaves significant RENTAL UPSIDE in the remaining 6 units upon turnover. Parking is provided for 10 vehicles in covered and open format spaces. Additionally, there is NO SOFT STORY RETROFIT requirement pertaining with this property. Gas and Electrical utilities are separately metered, however, the current owner pays for limited utilities for certain units.

1301 N STANLEY Avenue

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