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2730 Council Street Los Angeles, CA $ 3,499,000
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$ 3,499,000 Get more info
2730 Council Street
$ 3,499,000
Back to search
Share Save

2730 Council Street

Los Angeles, CA, 90026
$ 3,499,000
Bedrooms13 Baths13.0 Sq 5,168

Monthly Estimate*

$ 24,442

Listed by Mancuso Properties III, Inc. D
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Multi-Family Home for sale in Los Angeles, CA

for $3,499,000 with 13 bedrooms and 13 full baths. This 5,168 square foot home was built in 2023 on a lot size of 0.1104.

We are pleased to present the opportunity to acquire 2730 Council St. A multifamily building comprised of 4 units on a very quiet street and ideally located in the heart of Los Angeles, The property is located in Historic Filipinotown and only minutes away from Echo Park, Silverlake, Koreatown, Hollywood, Downtown, and within close proximity to various shops, restaurants, and entertainment districts. Beautifully designed with the highest standard of quality and craftsmanship. This modern property offers energy efficient building materials, stainless-steel appliances, and designer finishes. Completed in October 2023. Currently fully leased non-rent controlled fourplex with a cap rate of 5.07%. All units separately metered for gas, electricity, and water. Solar panels for all units to keep expenses low. Tenants pay all utilities. Total gross rents $17,300 per month.

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Multi-Family Active

Price

$ 3,499,000

Bedrooms

13

Full Bath

13

Property Type

Multi-Family

Taxes

$ 0

Style

Quadruplex

Lot Size

0.1104

Year Built

2023

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

WS24042174

Days on Market

49
Features
General
Interior Features Balcony QuartzCounters Unfurnished
Sewer PublicSewer
Heating Central
Cooling CentralAir
Utilities CableAvailable ElectricityConnected NaturalGasConnected SewerConnected WaterConnected
Possession CloseOfEscrow
Appliances Dishwasher FreeStandingRange Microwave Refrigerator RangeHood TanklessWaterHeater VentedExhaustFan WaterToRefrigerator Dryer Washer
Zoning LARD 1.5
HOA 0.0
Garage Spaces 1.0
Pool Features None
Security Features ClosedCircuitCameras CarbonMonoxideDetectors FireSprinklerSystem SecurityGate KeyCardEntry SmokeDetectors
Year Built 2023
Electric Standard
Tenant Pays AllUtilities
View CityLights
Levels ThreeOrMore
Property SubType Quadruplex
Gross Income 207600.0
Community Features StreetLights Sidewalks
County Los Angeles
Net Operating Income 177429.0
Operating Expense 21867.0
Insurance Expense 2067.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Energy Efficient Appliances WaterHeater
Garage Y/N Y
Green Energy Generation Solar
Special Listing Conditions Standard
Status Active
Directions West of 101 freeway and East of Beverly Blvd.
City Los Angeles
Entry Location Front door
View Y/N Y
Senior Community Y/N N
Open Parking Spaces 5.0
Total Units 4
MLS Area C21 - Silver Lake - Echo Park
Lot Size Square Feet 4807.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 4
Street Name Council
Listing Terms Cash CashtoNewLoan Item1031Exchange
Spa Features None
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 0.0
Home Warranty Y/N N
Trash Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 7
Building Area Units SquareFeet
Standard Status Active
Year Built Source Builder
Tax Lot 8
Total Actual Rent 17300.0
Property Sub Type Additional Quadruplex
Taxes 40938.0
Cap Rate 5.07
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Interior
Flooring Vinyl
Fireplace Features None
Total Stories 3
Common Walls Item1CommonWall
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Laundry Features Inside
Entry Level 1
Electric On Property Y/N N
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Exterior
Fencing WroughtIron
Parking Features Assigned
Lot Features Item25UnitsAcre
Water Source Public
Total Parking 6.0
Lot Size Area 4807.0
Number of Buildings 2
Spa N
Building Area Total 5168.0
Lot Size Acres 0.1104
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 4
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 2730
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* Excluded Features
List By
Mancuso Properties Iii, Inc. D

Broker

(310) 720-6627

Phone

Affordability Calculator

$24,442
Per Month
100%
0%
0%
Monthly Principal & Interest
$24,442
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/15/2024$3,499,000 Listed Price

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2730 Council Street, Los Angeles, CA, 90026 is a Multi-Family Home for sale at $3,499,000 with 5,168 sqft and a lot size of 0.1104. 2730 Council Street has 13 bedrooms, 13.0 baths, and was built in 2023. The property's zip code is 90026 which is in Los Angeles, CA

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