3804 Arlington Avenue

Los Angeles, CA 90008
For Sale $11,200,000
  • Built 1993
  • Commercial Building
  • MLS# SR16130668
  • 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 the

Property Highlights

  • Los Angeles County
  • Built 1993
  • Geo Coordinates: 34.018, -118.318
  • ZIP: 90008
  • Days On Homeswing: 171
  • Building Features: Elevators
  • County Or Parish: Los Angeles
  • Directions: South of 10 Freeway, West of Western Ave and W Exposition
  • MLS Area Major: 699 - Not Defined
  • Number Of Buildings: 1
  • Property Sub Type: Multi-Family
  • Roof: Shingle
  • Security Features: Automatic Gate,Closed Circuit TV,Resident Manager
  • Utilities: Natural Gas,Water Meter on Property
  • Water Source: District/Public
  • Year Built: 1993
  • Zoning: LAC1
  • Heating: Central Furnace

Community Information for 3804 Arlington Avenue

Schools near 3804 Arlington Avenue

No schools found. Trying searching on GreatSchools.

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: =
20%
Down Payment
4.00%
Rate

Listing Provided by

Sagie Shemesh, Keller Williams Realty

Listing Disclaimer

Based on information from California Regional Multiple Listing Service, Inc. as of 12/4/2016 3:14:55 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Get More Information for 3804 Arlington Avenue

Get more details
about this property

If you would like more information about this property complete the form below.
License: 01718402
Century 21 Realty Masters
License: 01970995
Boutique Realty

Design on Homeswing

We are cataloging some of the most impressive home photos. Follow us on Pinterest.

Advertisement

Advertisement

Property Search

Related Links for 3804 Arlington Avenue