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    148 S Madison Avenue

    Los Angeles (City), CA 90004
    • $2,295,000
    • STATUS: Coming Soon
    • ON SITE: 7 days
    • ON MARKET: 11/19/2020
    • ID#: BB20243316
    Coming Soon
    UPDATED: 23 min ago
    $2,295,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,258
      SQFT
    • $539
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2020
    County:

    School Ratings & Info

    Description

    Attention: Opportunity zone fourplex! We can work with you and provide our resources to help you take advantage of the major tax benefits buying in an +G+OZ+G- provides!148 S Madison is a premium 2020 construction with the lowest price tag of any fourplex that+GGs sold in this area for over 2 years! Deals as low as $2,295,000 don+GGt exist, so ACT FAST! This sleek, expertly designed property is made up of two modern duplexes containing a 4 bed/3 bath unit, a 3 bed/2 bath unit, a 2 bed/2 bath unit and a 1 bed/1 bath unit. This diverse unit mix will allow for quick and easy leasing! The property is located in prime Rampart Village location, moments from Koreatown, Virgil Village, Silver Lake, Echo Park, and Downtown Los Angeles.This fully-loaded triplex boasts: washer & dryers, stainless steel appliances, large balconies, open floorplans, European kichen cabinets, high ceilings, convenient built-in storage, and spacious, open floorplans. Plus, enjoy NO RENT CONTROL, a 1 year builder+GGs warranty, minimal maintenance, and separate meters for gas, water & electric!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-27T17:28:46.687. 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 Twiss Realty. Licensed in the State of California, USA.

    www.twissrealty.com/homes/112054465
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    148 S Madison Avenue Los Angeles (City), CA 90004

    • Price: $2,295,000
    • Status: Coming Soon
    • Updated: 23 min ago
    • ID#: BB20243316
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,258
    SQFT
    $539
    $/SQFT
    2020
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    Attention: Opportunity zone fourplex! We can work with you and provide our resources to help you take advantage of the major tax benefits buying in an +G+OZ+G- provides!148 S Madison is a premium 2020 construction with the lowest price tag of any fourplex that+GGs sold in this area for over 2 years! Deals as low as $2,295,000 don+GGt exist, so ACT FAST! This sleek, expertly designed property is made up of two modern duplexes containing a 4 bed/3 bath unit, a 3 bed/2 bath unit, a 2 bed/2 bath unit and a 1 bed/1 bath unit. This diverse unit mix will allow for quick and easy leasing! The property is located in prime Rampart Village location, moments from Koreatown, Virgil Village, Silver Lake, Echo Park, and Downtown Los Angeles.This fully-loaded triplex boasts: washer & dryers, stainless steel appliances, large balconies, open floorplans, European kichen cabinets, high ceilings, convenient built-in storage, and spacious, open floorplans. Plus, enjoy NO RENT CONTROL, a 1 year builder+GGs warranty, minimal maintenance, and separate meters for gas, water & electric!
    Exterior Features

    Architectural Style Modern Carport Spaces 6.00 Fence YN Yes Fencing New Condition Garage Spaces 0.00 Lot Features LandscapedLevel With StreetLevelNear Public TransitSprinklers Drip System Lot Size Source Assessor Lot Size Units Square Feet Parking Total 6.00 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Flat View City LightsNeighborhood View YN Yes

    Interior Features

    Appliances DishwasherDisposalGas RangeMicrowaveRefrigerator Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area 770 Average1 Bed Area Units Square Feet Average2 Bed Area 902 Average2 Bed Area Units Square Feet Average3 Bed Area 1078 Average3 Bed Area Units Square Feet Common Walls 1 Common WallNo One AboveNo One Below Cooling Central Air Cooling YN Yes Flooring LaminateTile Heating Central Heating YN Yes Interior Features BalconyHigh CeilingsOpen FloorplanRecessed Lighting Laundry Features Dryer IncludedInsideWasher Included Levels Three Or More Room Type KitchenLiving RoomMaster BathroomMaster Bedroom

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.08 Community Features CurbsSidewalksStreet Lights Country Us Electric Expense 300.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1200.00 Gross Income 12900.00 Gross Multiplier 14.83 Gross Operating Income 148608.00 Gross Scheduled Income 154800.00 Insurance Expense 1703.00 Laundry YN Yes Maintenance Expense 1600.00 Net Operating Income 116562.00 New Construction YN Yes New Taxes Expense 26943.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Number Of Units Leased 0 Number With Dishwasher 4 Number With Disposal 4 Number With Range 4 Number With Refrigerator 4 Operating Expense 32047.00 Property Condition Turnkey Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 26943.00 Tenant Pays All Utilities Total Expenses 32046.00 Trash Expense 0.00 Vacancy Allowance 6192 Water Sewer Expense 300.00 Water Source Public Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Elizabeth Maddox of The 2-4 Unit Specialists and Ian Maddox of The 2-4 Unit Specialists


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-27T17:28:46.687. 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 Twiss Realty. Licensed in the State of California, USA.

     
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