1816 S La Brea Ave - Apartments FOR SALE


Los Angeles, CA 90019- Mid-City
$1,750,000 USD
323-533-6155
1816 S La Brea Ave, Los Angeles, CA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/13
null | 3.9% Cap Rate

1816 S La Brea Ave
Los Angeles, CA 90019
Mid-City


HIGHLIGHTS

  • Updated with central HVAC, private gated parking for 2 autos.
  • Double Pain windows
  • Great Central Location with area improvements

OVERVIEW

Well maintained and updated 5 Unit apartment building with rent at or near market rates. 4 units with 2BR/1BA and a studio in the rear with 3/4 bath and mini kitchen. Each unit has been updated and/or maintained with features such as stainless steel appliances, granite counter tops, wood flooring, recessed lighting, sconces, double pane windows and all the 2BR units have central AC/Heat and stackable washer/dryer! Outside of being a turn key investment it has potential for value-add improvement such as room for adding a second bathroom to the 2BR units and with a generous lot size there is plenty of room for a ADU adding a 5unit + 1 or take advantage and add more units.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$429 USD /SF

# OF UNITS

5

PRICE/UNIT

$350,000

CAP RATE

3.9%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

LAR3

APN/PARCEL ID

5067-013-026

ASK ABOUT THIS PROPERTY

Paul BarbosaCentury 21 HollywoodMore Info
323-533-6155

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Paul BarbosaCentury 21 HollywoodMore Info
323-533-6155

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