David Bramante

NEW EXCLUSIVE LISTING – 5 units in Mid-City – 1614 6th Avenue, Los Angeles, CA 90019

David Bramante — Thu, 07 Jul 2011 02:56:05 +0000

Property Description:

David Bramante is pleased to exclusively offer for sale 1614 6th Avenue, Los Angeles, CA 90019. This well-maintained turnkey apartment investment consists of five multi-family units located in the highly desirable Mid-City submarket of Los Angeles.

The property has a strong unit mix of two one-bedroom/one-bathroom units and three two-bedroom/one-bathroom units, and several of these units have been recently remodeled.

The building is stucco, two-story and comprised of 3,981 rentable square feet, and is situated on a lot comprised of 4,077 square feet. With newer paint and well manicured landscaping, this late 1930’s construction shows very well compared to other multi-family properties in the vicinity.

This property provides onsite parking for several tenants and ample street parking is available. 1614 6th Avenue is located at Venice Boulevard between Crenshaw Boulevard and Arlington Avenue, and is just north of the 10 Freeway.

Centrally located in Mid-City, this investment is easily accessible and close to the Westside, Downtown Los Angeles, and Hollywood.In addition to this property’s close proximity to major LA street thoroughfares and freeways, the Metro Transit Authority is scheduled to complete the proposed Metro Crenshaw Line by 2016, which would place a light rail station at the intersection of Pico Boulevard and San Vicente Boulevard.

Mid-City is well known for high property values and rent amounts because of its central location, dense tenant population and high traffic. This is an excellent opportunity for an investor to purchase a well-maintained partially remodeled investment yielding solid returns, with significant potential upside in rents.

David Bramante sold 523 North Alexandria Avenue Los Angeles CA 90004. A 9-unit multi-family / apartment building in Koreatown

David Bramante — Wed, 29 Jun 2011 06:24:15 +0000

David Bramante sold 523 North Alexandria Avenue. This turnkey multi-residential apartment investment consists of nine units located in the highly desirable Koreatown neighborhood of Los Angeles.

The unit mix is eight single/one-bathroom units and one two-bedroom/one-bathroom unit. The buildings are stucco, two-story and comprised of 3,686 rentable square feet, and are situated on a large lot comprised of 7,579 square feet.

With newer paint and well manicured landscaping, this late 1940′s construction shows very well compared to other multi-family properties in the vicinity.

For Sale: Retail/Commercial in Los Angeles, CA, $2,750,000

David Bramante — Sun, 03 Apr 2011 18:44:42 +0000

For Sale: Retail/Commercial in Los Angeles, CA, $2,750,000.

1670 Beverly Blvd

LOS ANGELES, CA

Beverly Union Lofts is a 14-unit mixed-use investment in south Echo Park. Consists of 10 lofts, 4 offices, & 31 spaces.

Retail/Commercial

$2,750,000

Year Built	1954
Sq Footage	13,866
Floors	2
Parking	Uncovered spaces
Lot Size	18,000 sqft
Maint	$0 per month

Description

This 14-unit mixed-use investment property is located on Beverly Boulevard in the southern portion of the Echo Park submarket near Downtown Los Angeles.
Consisting of 10 large loft and 4 office units, this property provides a unique unit mix for modern living and creative business spaces, including an adjacent parking lot of 31 tenant parking spaces in the sale.
Two distinct loft and office buildings accommodate a variety of styles ranging from contemporary rustic to industrial chic. The front building boasts restored hardwood floors, open beam ceilings and oversized windows for maximum natural lighting.

Property Features

Located near Downtown Los Angeles in Echo Park

All tenants are on NNN leases

Comprised of 10 lofts and 4 offices

Included in sale are 31 parking space (adjacent lot)

Extremely high returns to investor

1954 construction, completely renovated in 2001

Two buildings included with a beautiful interiour courtyard

Additional Photos

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Contact Info

David Bramante

Marcus & Millichap

(213) 943-1832

For sale by agent/broker

Equal Opportunity Housing

David Bramante – Los Angeles Market Watch

David Bramante — Tue, 13 Oct 2009 18:47:05 +0000

DAVID BRAMANTE

= of =

MARCUS and MILLICHAP | REAL ESTATE INVESTMENT SERVICES

Los Angeles MarketWatch

Week Ending October 2, 2009

$1 million going further in many housing markets

Saturday September 26, 2009 11:25 PM

By ADRIAN SAINZ AP Real Estate Writer A million dollars doesn’t buy you what it once did. In most U.S. neighborhoods, it now gets you a lot more. During the housing boom, prices rose so high and so fast that even cookie-cutter homes in the paved suburbs of South Florida and California could cost a cool million. In Santa Clara, Calif., a …

Pace of U.S. home price declines slows in July, index shows

Wednesday September 30, 2009 01:17 PM

Pace of U.S. home price declines slows in July, index shows The drop eases to 13.3% in July compared with 15.4% in June, suggesting the housing market is approaching its bottom. In L.A. and Orange County, July prices were down 14.9% from the previous year. Builder Jean Gagnon cuts siding panels while completing a new home in Derry, N.H. A 20-city index of home prices is at levels last …

Housing market continues stabilization

Tuesday September 29, 2009 03:46 AM

San Fernando Valley home prices showed more signs of stabilization in August and annualized sales increased for the 14th consecutive month, a trade association said Monday. The median price of a previously owned house slipped 8.5 percent last month to $389,000, from $425,000 a year earlier, said the Van Nuys-based Southland Regional Association of Realtors. It is the second consecutive …

Jobless rates drop in most metro areas in August

Wednesday September 30, 2009 01:22 PM

WASHINGTON (AP) — The unemployment rate fell in about 60 percent of metropolitan areas in August from the previous month, as layoffs eased nationwide. An Associated Press analysis of Labor Department data found that the jobless rate dropped in 232 of 380 metro areas. That’s an improvement from July, when metro areas were split between those with rising and falling joblessness. It’s much better …

Consumer spending jumps 1.3% in August
Thursday October 01, 2009 10:43 AM

WASHINGTON — Consumer spending, propelled by the wildly popular Cash for Clunkers auto sales program, shot up in August by the largest amount in nearly eight years even though personal incomes continued to lag. The Commerce Department said Thursday that consumer spending rose 1.3 percent in August, even better than the 1.1 percent gain that had been expected. Incomes, the fuel for future …

Investors Eye Apartments, Distressed Properties
Wednesday September 30, 2009 04:42 PM

Apartments remain the favored property type among risk-averse investors. Nearly half of respondents (46%) to a quarterly survey conducted by National Real Estate Investor, Retail Traffic and Marcus & Millichap Real Estate Investment Services indicate that now is the time to buy apartments, up from 38% in the second quarter. Demand for apartments is even stronger among respondents who are …

$52M Office Sale Tops L.A. County Deals