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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

$ 3,500,000

Est. payment -/mo

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Active

1006 S Record AVE Los Angeles, CA 90023

8,742 Sqft Lot

UPDATED:

09/30/2024 06:27 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC24051871

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1990

Lot Size 8,742 Sqft

Property Description

Record Avenue Apartments at 1006 Record Avenue is a private gated multi-family apartment complex in the heart of East Los Angeles.

A unique multi-family offering comprises two family-managed apartment buildings with six units on separate parcels that can be sold together or separately for an investor to oversee or an owner to occupy and lease out. This property would be an excellent opportunity for owners looking to upgrade to a larger rental property.

Encompassing 12 fully occupied units with a mix of six two-bed/two-bath units and four two-bed/one-bath units, with ample land for two parking spaces for each unit, which is very rare in this area.

Each 6 unit building can be sold separately for $1,750,000. Each building has one one-bed/bath ,two two/one-bath units and three two/two-bath units.

Each building has its owner separate washer and dryer in a common area.

The property is in a dense residential area of East Los Angeles, one of LA’s oldest and most influential communities about five miles from Downtown Los Angeles. Close to the high-end community of Monterey Park, nestled four miles away and simply a five-minute drive to the vibrant entertainment, restaurants, and shopping corridor on Whitter Boulevard.

East Los Angeles College is three miles away, drawing many students looking for housing to 1006 S Record Avenue. Record Avenue Apartments has hassle-free connectivity reaching Interstate 710, Interstate 5, and Route 60 in less than a mile.

Well maintained, with incredible accessibility, Record Avenue Apartments is primed to offer an ideal investment opportunity to own a multi-family asset.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning LCR4YY

Rooms

Ensuite Laundry Common Area

Interior

Interior Features Multiple Staircases

Laundry Location Common Area

Heating Propane

Cooling Central Air

Fireplaces Type None

Fireplace No

Appliance Convection Oven, Dishwasher, Gas Oven, Gas Range, Refrigerator, Dryer, Washer

Laundry Common Area

Exterior

Fence Average Condition, Wrought Iron

Pool None

Community Features Curbs, Street Lights, Gated

Utilities Available Cable Available, Electricity Connected, Propane, Water Connected

View Y/N No

View None

Roof Type Synthetic,Tar/Gravel

Accessibility Safe Emergency Egress from Home, Parking

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Sewer Unknown

Water Public

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5239019042

Security Features Security Gate,Gated Community,24 Hour Security

Energy Description 2377.0

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Peter Vallier • Benjamin Frank Venti Realty • 949-280-5931

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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Rick Lee

Rick Lee

1006 S Record AVE Los Angeles, CA 90023

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1006 S Record AVE