ABOUT THE ASSET

SUMMARY

PROPERTY DESCRIPTION

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New York View Apartments is centrally located in Altadena just off Lake Avenue. Built in 1988, the subject property is comprised of five, two-bed/two-bath units at approximately 1,000 sq.ft each. Additionally, there is a non-conforming studio.

Each unit (except the non-conforming unit) is individually metered for gas and electric. The property has an on-site, common area, laundry room. There are 12 total parking spaces: 4 tandem carport spaces (8 spots); 2 tandem open spaces (4 spots).

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PROPERTY IS SUBJECT TO L.A. COUNTY RENT FREEZE EFFECTIVE 9/11/2018 (BUYER TO MAKE THEIR OWN INVESTIGATION).

PRICE

PRICE/UNIT

PRICE/SF

GRM

CAP

UNITS

YEAR BUILT

GROSS SF

LOT SF

APN

$1,560,000

$312,000

$282.05

12.86

5.00%

5 + 1 Non-Conforming

1988

5,531

10,596

5845-016-021