Listing ID : 20628702
-
Beds
1 -
Year
1924
Description
4332 Lockwood Avenue is a 10-unit courtyard style apartment community located in a densely populated rental submarket known for excellent rent growth and low vacancy rates - The asset has NOT undergone a meaningful renovation - Similar renovated One Bedroom units in the immediate area achieve rental rates upwards of $3.50 per square foot vs. $1.17 per square foot being collected currently, thus providing approx. a 200% increase in rental potential as units become vacant.
Details
Type:
Multi-Family/Income Sale
County: Los Angeles
Tax ID: 5539008008
Net Operating Income: $31,785
Days on Market: 926
Number of Units: 10
Property Type: Residential Income
Sub Type: Multi Family
Zoning: LARD1.5
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Interactive
4332 Lockwood Ave., Los Angeles, CA 90029
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Area Information 90029
Population:
38,342 Up .02% since 2010
Average Income:
$59,194
Average Age:
36Years
Gender:
50.42%Male
49.58%Female
49.58%Female
Households:
13,94926.4% with children
Average Value:
$1,191,274
Occupancy:
9.18%Owned
90.82%Rented
5.63%Vacant
90.82%Rented
5.63%Vacant
Education:
18.56%High School
7.05%Associate
18.8%Bachelor
6.88%Graduate
7.05%Associate
18.8%Bachelor
6.88%Graduate
Average Residency:
19Years
Crime Rate:
Above Average
Annual Rainfall:
15.87Inches
Earthquake Risk:
Very High
Hurricane Risk:
Very Low
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Average
Tax Assessments
Value
- Land $722,219
- Improvements $489,810
- Total $1,212,029
Property Tax
- - -
