3804 Arlington Avenue

Los Angeles, CA 90008
For Sale $11,200,000
  • 0.62 acre lot
  • Built 1993
  • Multi-Residential Building
  • MLS# SR16130340
  • Status Active

More Property Info for 3804 Arlington Avenue

Rare opportunity for Investors familiarized with the Low Income Housing Tax Credit program (Created by Tax Reform Act of 1986 -TRA86) to own and manage Low Income Housing 29 Units building built in 1993 by original developer. All Units are under program. 6.24% CAP Rate is estimated and based on GIM and Annual Tax Credit. ALL INFORMATION HEREIN MUST BE INVESTIGATED BY BUYER* Integrated with Section 8 & Section 42 which have helped meet a critical affordable housing shortage by stimulating the production or rehabilitation of nearly 2.4 million affordable homes since 1986. The California Tax Credit Allocation Committee (CTCAC) administers the federal and state Low-Income Housing Tax Credit Programs. Both programs were created to encourage private investment in affordable rental housing for households meeting certain income requirements. The first step in the process is submitting an application to a state authority, which will consider the application competitively. The original project is required to meet the particular project's low income requirements for a 15-year initial "compliance period" and a subsequent 15-year "extended use period". Many developers agree to make 100% of t

Property Highlights

  • Los Angeles County
  • Lot: 0.62 acres
  • Built 1993
  • Geo Coordinates: 34.018, -118.318
  • ZIP: 90008
  • Days On Homeswing: 132
  • Accessibility Features: Elevator,Parking
  • Association Amenities: Playground
  • Association Fee: 0
  • County Or Parish: Los Angeles
  • Directions: One Block west of Western Ave and W Exposition Blvd, South of 10 Freeway
  • Fireplace Features: Bath,Kitchen,Living Room,Master Bedroom,Electric,G
  • Flooring: See Remarks
  • Garage Spaces: 57.00
  • Interior Features: Bathtub,Elevator
  • Levels: Three Or More
  • Lot Features: 26-30 Units/Acre,Garden,Landscaped,Lawn,Near Publi
  • Lot Size Acres: 0.62
  • MLS Area Major: 699 - Not Defined
  • Number Of Buildings: 1
  • Number Of Units Total: 29
  • Parcel Number: 5035001032
  • Parking Features: Assigned,Unassigned,Covered Parking,Gated,On Site,
  • Parking Total: 114.00
  • Pool Features: None
  • Spa Features: None
  • Stories Total: 3
  • Subdivision Name: ARLINGTON RODEO
  • View: Courtyard
  • Water Source: District/Public
  • Year Built: 1993

Community Information for 3804 Arlington Avenue

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Monthly Payment for 3804 Arlington Avenue

This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Loan Type: 30 year fixed at 4.00%
Price: $11,200,000
Down Payment: - $2,240,000 (20%)
Loan Amount: = $8,960,000
Principal & Interest: +
Property Taxes: + (1.5%)
Homeowner's Insurance: +
Mortgage Insurance - PMI: +
Total Payment: =
Down Payment
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Listing Provided by

Sagie Shemesh, Keller Williams Realty

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License: 01718402
Century 21 Realty Masters
License: 01970995
Boutique Realty

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