425 S DETROIT ST

Estimated Monthly Payment: $42,843/mo 425 S DETROIT ST, Los Angeles, CA 90036 MLS# 18370836 Residential Income Listing Status: Active
24
24
20,272 sqft
89
15
0
0

REMARKS:

This iconic 1920s four-story trophy centered in the historic Hancock Park/Fairfax District of Los Angeles is tucked up against the celebrity saturatedAccess Hollywood stage, just between Paramount Pictures and CBS Studios. Being a Non Rent Control Asset the Buyer can instantly capitalize on the unlimited rental increase the 1920's retro deserves. Built in 1928, keeping with the historic roaring 20s personality of the neighborhood, the 24 large 1+1 units attract the "high earning young Hollywood professionals". In a neighborhood featuring classic Lloyd Wright and Wallace Neff designs, the A-list celebrity resident roster has included Clark Gable, Nat King Cole as well as former president John F Kennedy. With its outstanding location, freshly updated design, and an exemption from rent the stabilization ordinance, this property will become a new investor's most prestigious pony in the stable.

OVERVIEW:

18-370836:CLAW
Residential Income
Active
Beverly Center-Miracle Mile
1928
20272
None
Other
Other

FEATURES:

Other

ROOM INFO:

24
24
24

FINANCIAL:

$9,395,000
$552,960

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Joshua Ross - Marcus & Millichap

 

01369850 

 

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CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share). 

 

Data last updated: 09/18/2018