Description

Global Equity Partners and Eduard Khachatryan proudly bring you the one of the rarest and unique apartment buildings available for sale. 210 S Commonwealth Ave is a multi-family property located in the Koreatown neighborhood of Los Angeles, CA. It is specifically an apartment building with 14 units. The property was built in 1980 and has a total structure area of 10,884 sq ft. The lot size is 7,488 sq ft. 10 x 2 Bedroom 1 Bathroom Units with average size of 900 sq ft, 4 X 1 Bedroom Bathroom Units with average size of 700 sq ft. It features 24 bedrooms and 14 bathrooms. The building has 2 stories and has been properly maintained and cared for as needed always. Property has 20 total spaces, including a garage, balconies and laundry facilities for more convenience to tenants and additional income for the owner. 80% of lease agreements are on month to month, rents below market with huge upside potential. Current Monthly Gross Income $ 25,400, $304,800 Annual. Pro Forma Monthly Rent Income $33,800: $405,600 Annual 2 of the units (2 Bedrooms, 1 Bathroom and 1 Bedroom 1 Bath) may be delivered vacant. More details available upon request.