2233 W 14th St - Apartments FOR SALE


Los Angeles, CA 90006- Harvard Heights
$1,695,000 USD
310-405-1890
2233 W 14th St, Los Angeles, CA for Sale
$1,695,000 USD
Apartments - FOR SALE
1/13
null | 7.85% Cap Rate

2233 W 14th St
Los Angeles, CA 90006
Harvard Heights


HIGHLIGHTS

  • ULTRA - HIGH INITIAL INVESTMENT YIELD PLUSE UPSIDE – current rents are approximately 34 percent below market
  • SECTION 8 – Six (6) of the tenants participate in the Section 8 voucher program, providing significant steady income
  • EXCELLENT UNIT MIX - (10) 1bed+1bath units
  • LOW UTILITY COSTS – Tenants pay for trash costs
  • RECENT PROPERTY UPDATES – Roof was replaced, and the electrical system was updated with new circuits, a new main panel and new subpanels
  • CONVENIENT LOCATION – Easy walking distance to dining and retail on Pico Blvd and short drive to 10 and 110 Freeways.

OVERVIEW

Property Description: 2233 W 14th St., is a ten (10) unit Spanish style apartment property, constructed of wood frame and stucco in 1923. The unit mix consists of all 1bed+1bath units. The property totals 4,576 building square feet on a 7,505 square foot lot. Unit Details: All the units have well-designed floor plans, and many units feature updated floors, appliances, and fixtures as well as window AC units. The living spaces include efficient kitchens with walk-in pantries with individual hot water heaters, large bedrooms with walk-in closets, large bathrooms, and spacious living room areas. All units also feature access to the side yard areas through the kitchens. Between 2020-2021, the roof was replaced, and the electrical system was updated with new circuits, a new main panel and new subpanels. All units are separately metered for electricity and gas, the tenants pay for their own trash, and the landlord pays for water.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$370 USD /SF

# OF UNITS

10

PRICE/UNIT

$169,500

CAP RATE

7.85%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,250 SF

ZONING

R3-1

APN/PARCEL ID

5056-004-014

ASK ABOUT THIS PROPERTY

Josh KaplanEquity Union CommercialMore Info
310-405-1890

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Josh KaplanEquity Union CommercialMore Info
310-405-1890

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