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Image 1 - 1214 S Lake St, Los Angeles, California, 90006 - House for sale
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Home For Sale In Los Angeles, California
1214 S Lake St, Los Angeles, California, 90006

Home For Sale In Los Angeles, California

house for sale
Listed: 05/31/24

1214 S Lake St, Los Angeles, California, 90006

Studio Bed:
35 Bath:
20,460 Sq Ft Living Area:
Save
Price
$ 5,85M

About This House

1214 S LakeSt is a 39-unit multifamily investment opportunity on the edge of the Westlake, Pico-Union, and Koreatown neighborhoods of Los Angeles located just west of S Hoover St between W 12th St and W Pico Blvd.The property features a unit mix of one bachelor, 25singles, 11 one-bedrooms, one one-bedroom plus den, and one two-bedroom; one of the singles and the two-bedroom are recently constructed ADU's pending certificates of occupancy; many units have exposed brick. Ownership has fully renovated 16 units (includingADU's) with vinyl plank floors, stainless steelappliances, tile bathrooms, new cabinetry, quartzcountertops, and new light fixtures.At the asking price, the property is being offered at a5.13% CAP rate and9.92 GRMon current income withan additional 39% rental upside achievable as …  Full description

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Pico-Union Housing & Living

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.