2222 Cambridge Street

    Los Angeles (City), CA 90006
    • $3,199,000
    • STATUS: Active
    • ON SITE: 118 days
    • ID#: 19478870
    UPDATED: 20 min ago
    $3,199,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,064
      SQFT
    • $353
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1926
    County:

    School Ratings & Info

    Description

    2222 Cambridge Street "The Cambridge" is a 9,064 SF multifamily property located in a growing Los Angeles sub market called Harvard Heights, which is known for its plethora of historic two story craftsman style homes. The property resides on a 6,250 square foot lot. The Cambridge is comprised of sixteen studio apartments and two 1 bedroom + 1 bathroom units. Seven of the units have been renovated and are setting the bar for rental comps in the immediate area. An onsite manager provides ease of management for the tenants and ownership.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-14T23:32:26.113. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
    www.j1re.com/homes/96018860

    2222 Cambridge Street Los Angeles (City), CA 90006

    • Price: $3,199,000
    • Status: Active
    • Updated: 20 min ago
    • ID#: 19478870
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    9,064
    SQFT
    $353
    $/SQFT
    1926
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    2222 Cambridge Street "The Cambridge" is a 9,064 SF multifamily property located in a growing Los Angeles sub market called Harvard Heights, which is known for its plethora of historic two story craftsman style homes. The property resides on a 6,250 square foot lot. The Cambridge is comprised of sixteen studio apartments and two 1 bedroom + 1 bathroom units. Seven of the units have been renovated and are setting the bar for rental comps in the immediate area. An onsite manager provides ease of management for the tenants and ownership.
    Exterior Features

    Lot Size Units Square Feet

    Interior Features

    Laundry Features See Remarks

    Property Features

    Cap Rate 4.50 Gross Multiplier 12.90 Gross Operating Income 248246.00 Improvements Amount 499361 Land Value 1165860 Laundry YN Yes Net Operating Income 142729.00 Special Listing Conditions Standard Total Expenses 100552.00 Zoning Lar2

    Listing provided courtesy of David Weinberger of Keller Williams Studio City and Adam Zunder of Keller Williams Studio City


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-14T23:32:26.113. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
     
    J1 REALTY GROUP
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    Irvine CA, 92606