218 Thorne, Los Angeles, CA 90042
- $2,050,000
- List Price
- $2,050,000
- Status
- ACTIVE
- MLS#
- SB26185527
- Year Built
- 1978
- Lot Size
- 18,817
- Acres
- 0.43
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 3
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
6 unit property on large lot with Four 2 Bedroom 1.5 Bath units & Two 3 Bedroom 2 Bath units. 3 units currently vacant with one of them being a 2 Bedroom that has been recently renovated. Additional 2 bedroom and 3 bedroom units are vacant. Property has been an apartment but has recently gotten approved with the City for use as a condo but will still have to undergo the California DRE process of condo conversion to complete the process. Potential for that is similar to next door 232 Throne which was constructed at the same time and is now 6 individual condos with separate ownership (one of which sold in 2022 for 600k) Buy this property as a traditional rental or look for the potential for condo conversion.
Additional Information
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Roof
- Membrane
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $23,896
- Operating Expense
- 43867
Listing courtesy of Listing Agent: Julian Mangine (julian@manginerealestate.com) from Listing Office: eXp Realty of Greater Los Angeles, Inc..
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