1006 South Record Avenue

Los Angeles, CA 90023

$3,500,000
Price
8
Beds
18
Baths
9,798 Sq. Ft.
$357 / Sq. Ft.
9,798
Sq. Ft.
$357
per Sq. Ft.

Description

Record Avenue Apartments at 1006 Record Avenue is a private gated multi-family apartment complex in the heart of East Los Angeles. A unique multi-family offering comprises two family-managed apartment buildings with six units on separate parcels that can be sold together or separately for an investor to oversee or an owner to occupy and lease out. This property would be an excellent opportunity for owners looking to upgrade to a larger rental property. Encompassing 12 units with a mix of six two-bed/two-bath...Record Avenue Apartments at 1006 Record Avenue is a private gated multi-family apartment complex in the heart of East Los Angeles. A unique multi-family offering comprises two family-managed apartment buildings with six units on separate parcels that can be sold together or separately for an investor to oversee or an owner to occupy and lease out. This property would be an excellent opportunity for owners looking to upgrade to a larger rental property. Encompassing 12 units with a mix of six two-bed/two-bath units and four two-bed/one-bath units, with ample land for two parking spaces for each unit, which is very rare in this area. Each building has one one-bed/bath ,two two/one-bath units and three two/two-bath units. Each building has its owner separate washer and dryer in a common area. The property is in a dense residential area of East Los Angeles, one of LA’s oldest and most influential communities about five miles from Downtown Los Angeles. Close to the high-end community of Monterey Park, nestled four miles away and simply a five-minute drive to the vibrant entertainment, restaurants, and shopping corridor on Whitter Boulevard. East Los Angeles College is three miles away, drawing many students looking for housing to 1006 S Record Avenue. Record Avenue Apartments has hassle-free connectivity reaching Interstate 710, Interstate 5, and Route 60 in less than a mile. Well maintained, with incredible accessibility, Record Avenue Apartments is primed to offer an ideal investment opportunity to own a multi-family asset.
  1. Listed by Peter Vallier • DRE #01875789 • Brokerage DRE #00358431 • Benjamin Frank Venti Realty • 949-280-5931

Property Details for 1006 South Record Avenue

View
None
Parking Spaces Total
0
Private Pool
No
Cooling Type
Central Forced Air
Total Units
12.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
9798
LISTING UPDATED: 12/06/2024 05:52 AM

Property Details for 1006 South Record Avenue

StatusActive
MLS #OC24051871
Days on Market291
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1990
CountyLos Angeles County

Building Information for 1006 South Record Avenue

Building/Complex1006 S Record AveFloor-Stories2Residences-Pet Policy-Year Built1990Building Size-

Property Information for 1006 South Record Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $198,996
  • Gross Scheduled Income: $198,996
  • Gross Equity: $198,996
  • Vacancy Allowance: 0
  • Gross Operating Income: $198,996
  • Net Operating Income: $157,000
  • Laundry Income: $400
Expense Details
  • Operating Expense: $41,000
  • Fuel Expense: $2,377
  • Electric Expense: $2,377
  • Insurance Expense: $3,471
  • Professional Management Expense: $0
  • Other Expense: $4,972
  • Other Expense Description: Repairs
  • Trash Expense: $2,377
  • Water Sewer Expense: $2,377
  • Total Expenses: $17,951
Tax / Assessment Info
  • Tax Tract Number: NA
  • Tax Census Tract: 5313.01
  • CFD/Mello-Roos Fee: $3,906
  • Tax Lot: 173
Community / Development
Community / Development
  • Accessibility Features: 2+ Access Exits, Parking
  • Disability Access: 2+ Access Exits, Other Main Level Modifications
  • Assessments YN: No
  • Assessments: None
  • Community Features: Curbs, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Convection Oven, Dishwasher, Gas Oven, Gas Range, Refrigerator
  • Equipment: Community, Dishwasher, Dryer, Dryer Included, Refrigerator, Washer, Washer Included
  • Interior Features: 2 Staircases
  • Laundry: Yes
  • Laundry Features: Community, Dryer Included, Washer Included
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Propane Gas
  • Heat Source: Propane
  • Heating: Propane
Exterior Features
  • Security Features: 24 Hour Security, Automatic Gate, Gated Community
  • Security: Automatic Gate, Gated Community
  • Roof: Synthetic, Tar/Gravel
  • Entry Location: Gate
  • Fence: Yes
  • Fence: Wrought Iron
  • Fencing: Average Condition, Wrought Iron
  • Property Condition: Updated/Remodeled
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 12
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Road Frontage Type: Access Road
  • Levels: Two
  • Water: Public
  • Sewer: Unknown
  • Utilities: Cable Available, Electricity Connected, Propane, Water Connected
  • Electric: Cable Available, Electricity Connected, Propane, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,650
  • Unit Type Total Rent: $1,980
  • Unit Type Pro Forma: 21600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,194
  • Unit Type Total Rent: $14,328
  • Unit Type Pro Forma: 21600
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,285
  • Unit Type Total Rent: $15,420
  • Unit Type Pro Forma: 26400
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $24,000
  • Unit Type Pro Forma: 26400
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,314
  • Unit Type Total Rent: $15,768
  • Unit Type Pro Forma: 30000
  • Unit Type Type: 5
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 12

Property History for 1006 South Record Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1006 South Record Avenue

Taxable ValueLand$169,054Additions$253,591Total$422,645
Tax Record2024$9,224 ($769 / month)
Home Facts
Total Finished SqFt4,899 SqFtAbove Grade Finished SqFt4,899 SqFtLot Size8,750 SqFtStyleMulti-Family Res (5+ Units)Year Built1990ZoningLCR4YYCountyLOS ANGELESAPN5239-019-042

Schools near 1006 South Record Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Eastman Avenue Elementary School
Public - K to 5
KIPP Academy Of Innovation
Charter - 5 to 8
Hilda L. Solis Learning Academy School Of Technology, Business And Education
Public - 9 to 12
James A. Garfield Senior High School
Public - 9 to 12
Rating
School
Distance
Eastman Avenue Elementary School
PublicK to 5

KIPP Academy Of Innovation
Charter5 to 8

Hilda L. Solis Learning Academy School Of Technology, Business And Education
Public9 to 12

James A. Garfield Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1006 South Record Avenue, Los Angeles, CA 90023

1006 South Record Avenue is a multi-family home for sale in Los Angeles, CA 90023. This property was listed for sale on March 14, 2024 by Benjamin Frank Venti Realty, it's currently listed at $3,500,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Eastman Avenue Elementary School, KIPP Academy Of Innovation and Hilda L. Solis Learning Academy School Of Technology, Business And Education. 1006 South Record Avenue is a 8-bed, 18-bath, 9,798 sqft multi-family home built in 1990.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Benjamin Frank Venti Realty, Peter Vallier, DRE #01875789

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.