1820 S La Brea Ave - Apartments FOR SALE


Los Angeles, CA 90019- Mid-City
$3,200,000 USD
310-999-8948
1820 S La Brea Ave, Los Angeles, CA for Sale
$3,200,000 USD
Apartments - FOR SALE
1/15
null | 6.95% Cap Rate

1820 S La Brea Ave
Los Angeles, CA 90019
Mid-City


HIGHLIGHTS

  • Strong cash flow at a 9.35 GRM and 6.35% CAP
  • Thirteen units have been renovated for strong tenancy
  • ADU/ Motel Conversion – The property sits on a 5,802 SF R3 zoned lot, allowing for ADU' s or to possibly be converted to motel use

OVERVIEW

1820 S. La Brea Avenue is a 6,261 square foot, fifteen-unit apartment building situated on a 5,802 square foot lot in Mid-City, just south of Venice Boulevard. The property offers immediate access to the I-10 Freeway and is centrally located near major Los Angeles employment hubs, retail corridors, dining, and entertainment. The building consists of fifteen studio units, thirteen of which have been recently renovated. Three units are in the process of being delivered vacant, providing additional flexibility for an investor. Nearly all tenants receive government-backed housing assistance, providing stable and reliable income. The property includes eight on-site parking spaces. Offered at a 9.35 GRM and 6.95% CAP rate, the asset provides strong in-place cash flow. Seismic retrofitting has been recently completed, minimizing near-term capital expenditure requirements. The property presents additional value-add potential, including a possible ADU opportunity and the potential for motel-use conversion (buyer to verify). This is a stabilized, income-generating asset located in a highly desirable rental submarket.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$266 USD /SF

# OF UNITS

15

PRICE/UNIT

$213,333

CAP RATE

6.95%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1963

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

R3

APN/PARCEL ID

5067-013-025

ASK ABOUT THIS PROPERTY

Yigal FatirianLyon Stahl Investment Real EstateMore Info
310-999-8948

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Yigal FatirianLyon Stahl Investment Real EstateMore Info
310-999-8948

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