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2505 Hancock St
Los Angeles, CA 90031 Montecito Heights

$7,388,888 USD

Apartments For Sale • 17,925 SF

Property Details

Property Type Apartments
Total Building Size 17,925 SF
Lot Size 0.31 AC
Building Class C
Year Built 1985
Cap Rate 6.30 %
Zoning RD3-1-HPOZ

70 Transit Score

70 Walk Score

                
                    Highlights
                
                                14 out of 28 Units are 2-story loft style units with private patios - an incredible in-unit amenity
                            
                                Subject to AB 1482 California Rent control allowing for rent increases of 5% + CPI. Non-LA Rent Controlled Property. 
                            
                                Extensive Capital Improvements Made: New electrical sub-panels and new roof overlay.
                            
                                Ample on-site parking: 19 Single Spaces and 10 Tandem Spaces
                            
                                Ideally positioned near major employment centers including LAC+USC Medical Center, Keck Medicine of USC, and California State LA

Cap Rate:

6.30 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Hoover Properties
Kenneth & Wanda Wong
WestM-L LLC

Public Transportation

Commuter Rail	Drive	Walk	Distance
	7 min	-	2.5 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	9 min	-	2.5 mi
Transit/Subway	Drive	Walk	Distance
Lincoln Heights/Cypress Park Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	17 min	0.9 mi
Airport	Drive	Walk	Distance
Bob Hope	23 min	-	15.5 mi
Los Angeles International	32 min	-	21.8 mi
Long Beach (Daugherty Field)	35 min	-	23.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	29
Type:	Covered
Included in Rent:	Yes

Everett Wong 310-382-6705 Kidder Mathews

2505 Hancock St Los Angeles, CA 90031 Montecito Heights