5,000 Sqft Lot
5,000 Sqft Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26089556
HOA Y/N No
Year Built 1984
Lot Size 5,000 Sqft
Property Sub-Type Apartment
Property Description
The Rent Correction Path: Immediate, Actionable, and Contractually Supported For occupied units, the path to market rents is two fold. First, the property is governed by California's AB 1482 Tenant Protection Act not the City of Los Angeles Rent Stabilization Ordinance, which applies only to buildings constructed on or before October 1, 1978. Under AB 1482, the current allowable annual increase is the lesser of 10% or 5% plus regional CPI, enabling meaningful and immediate progress toward market on existing tenancies. Second, and more significantly, vacancy decontrol is fully preserved under AB 1482 every unit that turns can be re-leased at full market rate with no ceiling.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Interior Features Balcony, Multiple Staircases
Fireplace No
Laundry Common Area
Exterior
Parking Features Garage Faces Front, Garage Faces Rear
Garage Spaces 12.0
Garage Description 12.0
Pool None
Community Features Biking, Curbs, Suburban, Urban
Total Parking Spaces 12
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 3
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7454003016
Acceptable Financing Cash, 1031 Exchange
Listing Terms Cash, 1031 Exchange
Special Listing Condition Standard
Nearby Locations
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