ActiveResidential · sale

2101 Hillhurst Avenue

Los Angeles, CA 90027

$12,000,000

  • 6,255 sq ft
  • 0.52 acres
  • Built 1923

Listed by Bruce Jay Associates · MLS #26847355

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1923.

Property size

0.52 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

AMAZING ONCE IN A LIFETIME OFFERING AT THE MOST PRIME LOCATION IN LOS FELIZ! And Owner Might Finance Your Purchase! Best-Location of Commercial Space in Prime Los Feliz! Here are TWO Offerings for your consideration: 1st is the Medical Practice of approximately 2,500 Patients, and the 2nd is the Real Estate of 4 Separate Properties All Connected Together (Commercial And Residential). FIRST OFFERING: For the first time in 60+ years, we are Offering the opportunity to Purchase a LONG STANDING SUCCESSFUL MEDICAL PRACTICE, which is still performing in Prime Los Feliz (Zip Code 90027). SEE THE ''BUSINESS OPPORTUNITY'' DETAILS IN THE MLS - WHICH IS SOLD SEPARATELY, or let us know should you need further information. This Medical Practice is a Perfect Investment for any Physician Seeking Career Growth to either Start, or Expand, their current occupation. This Medical Practice for purchase includes a productive History of approximately 8,000 Patients. This includes Medi-Cal and Medicare Patients, as well. We are only seeking interest from Qualified and Experienced Physicians. Please note that this Offering of the Medical Practice does not include the Real Estate where the Medical Practice is located. It may be possible to review a potential Lease Opportunity at the current location of the Medical Practice. Please CONTACT US for more details about the Medical Practice being offered which can only be sold to a licensed physician. SECOND OFFERING: We are also offering an Assemblage of FOUR Real Estate Properties where the current Medical Practice has been located and in practice for decades. This is a Highly Choice Prime Location in the Los Feliz Area (Zip Code 90027) and is a Very Rare Offering as an Extreme Opportunity for your Real Estate Investment Portfolio. This includes FOUR Income Producing Investments on Four Separate Lots. One property is Commercially Zoned. And the other 3 properties are Residentially Zoned. Please note that All Tenants on All Properties are renting month-to-month. The Commercial Building is where the Medical Practice has operated for decades in Prime Los Feliz. The Commercial Address is 2101 Hillhurst Avenue, 90027. And there are 2 additional Commercial Tenants that also relate to the Medical Field. Any and all of the Commercial Spaces could possibly be used for Retail / Medical / Stores / Restaurants, etc. The 3 ADDITIONAL Residential Properties are located as follows (all in the Prime 90027 Zip Code): 4507-4509 Ambrose Avenue; 4511-4513 Ambrose Avenue; and 4510 Avocado Street. The Land Assemblage totals 22,618 Sq. Ft. for possible use or development. Should you consider a purchase in order for you to Develop these properties, it may have potential to convert some of the Residential Properties spaces to provide additional Parking for your Potential New Building Project. Please check with your sources (Architect, Building Contractor, etc.) regarding a potential Building Construction of 25 to 40 Units, or more (please note that we cannot guarantee any development choices that may be considered as the Los Angeles Department of Building and Safety will be your best choice to decide upon any Development, as you know). Please note that the ownership will consider PRICE OFFERS along with potential OWNER CARRY FINANCING for your purchase. Please view the information below for more details about the Assemblage of the FOUR Real Estate Properties where the Medical Practice has been located for decades; LAND TOTALS 22,618 Sq.Ft.: 2101 Hillhurst Avenue 5,704 Sq.Ft. C4 Zoning - PROFESSIONAL BUILDING; 4507 Ambrose Avenue 5,650 Sq.Ft. LARD 1.5 Zoning - MULTI-FAMILY 3 UNIT; 4511 Ambrose Avenue 5,631 Sq.Ft. LARD 1.5 Zoning - DUPLEX; 4510 Avocado Street 5,633 Sq.Ft. LARD 1.5 Zoning - SINGLE FAMILY RESIDENCE. PLEASE LET US KNOW IF ANY QUESTIONS.

THE NEIGHBORHOOD

Explore the location.

2101 Hillhurst Avenue, Los Angeles, CA 90027

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THE DETAILS

The details, all in one place.

Property type
ResidentialIncome
Category
Residential
Year built
1923
Full baths
0
Half baths
0
Heating
Central
Zoning
LAC4
Parcel
5590003036

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$50,000.00
Cap rate

Annual operating income:

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
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From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

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Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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2101 Hillhurst Avenue, Los Angeles, CA 90027 · MLS #26847355

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Listing information

MLS #26847355 · California Regional MLS

Listing brokerage: Bruce Jay Associates
Listing agent: Bruce Jay

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.