col Listing Agent BRE# 01274379
Property Type Residential Income
Status Active
Price Type
Distressed
Year Built 2019
Neighborhood
Days on Website 68

Property Map

$15,500,000 – 742 South Westlake, Los Angeles, CA 90057

Street View

Listing courtesy of James Antonucci (CalBRE #01822661), Keller Williams Realty-Studio City.

Description

Manali Residence is a brand new, 2019 constructed, 37 Unit apartment building has been designed for executives and families working in and around K-Town and DTLA! Scheduled to open in early October 2019, it is centrally located in the Westlake District of the City of Los Angeles between K-Town and Downtown LA, at 742 South Westlake Avenue, Los Angeles, CA 90057. Manali Residence provides easy access to the Red and Purple Lines at 7th St. & Westlake Ave., Metro Buses on 7th Street & Westlake, as well as 8th St. & Westlake and Blue LA. The Home Depot, Starbucks and other cafes and bakeries, as well as famous Langer?s Deli on 7th and Alvarado are within close proximity of the building. K-Town to the west and Downtown LA on the east provide ample job opportunities as well as entertainment nearby. The Manali Residence features one street level parking area, accessible from the alley at the back of the building, and one level of underground parking from Westlake Avenue for a total of 55 automobiles and 41 bicycles. The Unit Mix consist of 10 (ten) Studios, 9 (nine) 1-Bedroom and 1-Bathroom units, 14 (fourteen) 2-Bed and 1.5-Bath units, and 4 (four) 3-bedrooms and 2.5-Bath units, distributed throughout four stories around a central courtyard. The building is na

Property Details and Features

Listing

  • Listed on 2019-09-30
  • $524 per square foot
  • Cash To New Loan

Bedrooms

  • First bedroom is 630 square feet
  • Second bedroom is 915 square feet
  • Third bedroom is 1387 square feet
  • Unit 2 has 1 bedroom
  • Unit 3 has 2 bedrooms
  • Unit 4 has 3 bedrooms

Bathrooms

  • Unit 1 has 1 bathroom
  • Unit 2 has 1 bathroom
  • Unit 3 has 1 bathroom
  • Unit 4 has 2 bathrooms

Location

  • County: Los Angeles
  • ZIP code: 90057
  • Area: Downtown L.A. (C42)

House

  • Built in 2019
  • Building is 29600.0 square feet
  • 37 total units in complex
  • 1 building
  • Three Or More Levels

Interior Features

  • Attached

Roof

  • Flat Roof

Property

  • City Lights View
  • Landmark View
  • Panoramic View
  • Valley View

Lot

  • Lot size: 0 acres
  • Lot size source: Builder

Appliances and Equipment

  • Range
  • Gas

Garage

  • 55 garage spaces

Parking

  • Assigned

Pool

  • No Pool

Sewer

  • Public Sewer

Utilities

  • 37 electric meters
  • 37 gas meters
  • 37 water meters

Cooling

  • Central A/C

Heating

  • Central Furnace

Water

  • Water District
  • Public

Miscellaneous

  • 926544.00 monthly gross income
  • [value} net operating income
  • $326,428 total annual expense
  • $0 electric expense
  • $0 gas expense
  • $8,880 insurance expense
  • $326,428 operating expense
  • $193,750 tax expense
  • $6,660 trash expense
  • $0 water expense

Tenant Pays

  • Gas
  • Trash

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