1316 S Los Angeles St - Apartments FOR SALE


Los Angeles, CA 90015- Fashion District
$5,955,000 USD
213-632-7713
1316 S Los Angeles St, Los Angeles, CA for Sale
$5,955,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

1316 S Los Angeles St
Los Angeles, CA 90015
Fashion District


HIGHLIGHTS

  • Developing neighborhood.
  • Located on a major thoroughfare.
  • Upside rent potential.
  • Multifamily building is unique to the neighborhood.
  • Located within Opportunity Zone
  • Large retail spaces easily converted to creative office

OVERVIEW

This $5,955,000.00 building was constructed with heavy steel I-beams in addition to the current materials of the day. The second generation of the family is prepared to sell the Property to a motivated buyer who can restore the Building to its original splendor while maximizing all residential and retail income. The family is motivated to sell their Building and will entertain all reasonable market offers. This is an “As-Is” sale. This is a rare opportunity to acquire a mixed-use multi-family building in this downtown Los Angeles submarket.

FOR SALE DETAILS

PRICE

$5,955,000 USD

PRICE/SF

$229 USD /SF

# OF UNITS

27

PRICE/UNIT

$220,556

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

M2, Los Angeles

APN/PARCEL ID

5133-017-009

ASK ABOUT THIS PROPERTY

Gregory MaradeiNAI CapitalMore Info
213-632-7713

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Gregory MaradeiNAI CapitalMore Info
213-632-7713

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.