1911 W 2nd St - Apartments FOR SALE


Los Angeles, CA 90057- Westlake North
$4,398,000 USD
818-380-5294
1911 W 2nd St, Los Angeles, CA for Sale
$4,398,000 USD
Apartments - FOR SALE
1/25
null | 7.37% Cap Rate

1911 W 2nd St
Los Angeles, CA 90057
Westlake North


HIGHLIGHTS

  • Well-maintained 29-unit multifamily property near Beverly Blvd & Alvarado St
  • Approx. 14,134 SF of living space on a 11,881 LAR3-zoned corner lot
  • Eleven (11) studios, seventeen (17) 1+1 units & one (1) 2+2 unit, nineteen (19) units have been remodeled
  • Twenty-eight (28) parking spaces, twenty-six (26) of which are gated
  • On-site laundry room, plumbing upgraded approximately five (5) years ago
  • Deemed a “Walker’s Paradise” with a Walk Score of 90! Convenient access to Downtown LA, public transportation & the 101 and 110 freeways

OVERVIEW

1911 W 2nd Street is a well-maintained 29-unit multifamily property located near Historic Filipinotown! Built in 1967, the property offers approximately 14,134 square feet of living space situated on an 11,881 square foot LAR3-zoned corner lot. The unit mix consist of eleven (11) studios, seventeen (17) one-bedroom/one-bathroom, and one (1) two-bedroom/two-bathroom units across two stories with nineteen (19) units remodeled. The property features an on-site laundry room, gated access for extra security, a pitched roof and twenty-eight (28) parking spaces, twenty-six (26) of which are gated. Additional improvements include a plumbing upgrade completed approximately five years ago. Expenses estimated. Situated near the intersection of Beverly Boulevard and N Bonnie Brae Street, 1911 W 2nd Street offers convenient access to major employment, transportation, shopping, and recreational destinations throughout Central Los Angeles. The property is ideally positioned near PIH Health Good Samaritan Hospital, Southwestern Law School, and the numerous employment centers throughout Downtown Los Angeles. Rated a “Walker’s Paradise” with a Walk Score of 90, the property is within close proximity to neighborhood favorites including Brooklyn Bagel, Lovetta Coffee, Woon, Gus’s Drive-In, and Original Tommy’s, along with major retailers such as Target and The Home Depot. Residents also benefit from nearby everyday conveniences along the 6th Street and Alvarado Street corridors, proximity to Miguel Contreras Learning Complex, and recreational destinations including Vista Hermosa Natural Park, and Echo Park Lake. The property also offers convenient access to public transportation and the 101 and 110 freeways.

FOR SALE DETAILS

PRICE

$4,398,000 USD

PRICE/SF

$289 USD /SF

# OF UNITS

29

PRICE/UNIT

$151,655

CAP RATE

7.37%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heather House Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

R4-2, Los Angeles

APN/PARCEL ID

5154-002-015

ASK ABOUT THIS PROPERTY

Nicole ApostolosEquity Union Real EstateMore Info
818-380-5294

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Nicole ApostolosEquity Union Real EstateMore Info
818-380-5294

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