Sold

7040 FLIGHT Avenue

Los Angeles CA, 90045

$5,499,000


$549.90 per sqft

Sold

10,000 sqft

Residential

Built in 1992

Listed by Brice Head with Marcus & Millichap 424-405-3900

A 10,000 square foot investment opportunity, superior to most investment properties in The Westside and South Bay. Built in 1992, the building is 30 years newer than the typical apartment property in Greater LA. The layout, unit mix and amenities are superior to competing rental product; therefore, the building commands a top-of-the-market rent, always. Not subject to the city of LA "pre-1978 construction" rent control, either! 9 HUGE townhome-style units eight 2 Bed/2.5 Baths and one up-and-down 1 Bed/1 Bath. Controlled-access lobby. On-grade, secured parking structure off the alley with 19 spots. Almost a 4% cap with modest rent increases that are due, frankly. The Seller doesn't raise rents, so, lots of meat on the bone. LAX, SoFi Stadium, The Forum, Howard Hughes Center (Univision and Sony Pictures), DirecTV, Raytheon, Northrop Grumman, LA Times HQ -all just minutes away.

22165277

MLS ID

June 7, 2022

Listed

March 23, 2024

Updated

Map

7040 FLIGHT Avenue
Los Angeles CA, 90045

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.17 Acres

Other Property Details

Area Name

C29 - Westchester


Days on Market

31


Garage

No


Parking

One Space


Parking Total

19


View

No


County

Los Angeles


Pool

No


Zoning

LAR3


Buyer Agency Compensation

2%

Listing Contact: 424-405-3900 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:46 AM UTC

 

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