943 Centennial ST

ECHO PARK, CA, 90012

$2,800,000

$426 per ft²
$2,800,000
$426 per ft²
Active
Active
 - For Sale
beds
16 Beds
baths
10 Baths
carpenters-square
6,570 ft²
property_type
Multi-family
calendar
Built 1989
Tolj Commercial Real Estate is pleased to offer an eight-unit multifamily apartment building located at 943 Centennial Street in Los Angeles. The subject property is conveniently located near major retailers, bars, shopping centers, and restaurants, and within driving distance to major entertainment and sporting venues: Walt Disney Music Hall, Civil Center, Crypto Arena (formerly Staple Center), Dodger Station, and more. The subject property consists of 6,570-sf building situated on 6983-sf lot zoned Los Angeles Multiple Residential (LAR-3-1). There are ten (10) onsite parking stalls with street and alley access either from Figueroa Terrace or West College Street. Unit-mix is comprised of (6) two bedroom and one bathroom unit, (1) two bedroom and two bathroom unit, and (1) three bedroom and two bathroom unit, a total of seventeen (17) bedrooms and ten (10) bathrooms. One main laundry room onsite. Each unit is individually metered for electricity and gas. There is one master water meter for the entire property. Pro-forma Gross Schedule Income: $217,200 , Pro-forma Cap Rate: 5.30% Pro-forma Gross Multiplier: 12.89. Prof-forma Net Operating Expenses: $148,361 . Building's actual income and operating expense are specified in the marketing brochure. Refer to the supplemental attachment ** Property is not under LA Rent Control but subject to California State Rent Control. Please verify with local city and state housing laws ***
MLS® ID:
PF22186343MR
Listed:
8/22/22
Updated:
2/2/23
Keller Williams Realty
Grant Linscott

Interior Features

Total Bedrooms
16
Total Bathrooms
10
Laundry Description
Laundry Area

Exterior/Building Features

Lot Size
6,983 ft² lot
Sewer
Public Sewer

Other Property Details

Garage
No
Parking
10
Parking Total
10.0
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Total Stories
1
Zoning
LAR3

Property History

Date
Event
Price
Value
12/5/22
Active
-
-
11/23/22
Active Under Contract
-
-
10/5/22
Price Change
$2,800,000
-6%

Courtesy of TOLJ Commercial Real Estate Se, Mike Tolj,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Grant Linscott shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 2/2/23

Keller Williams Realty
Grant Linscott
Contact