This Property is no longer advertised on Showcase.com.
Off Market
1/11

2315 Barlow St
Los Angeles, CA 90033


HIGHLIGHTS

  • Sold by Original Developer - First Time on Market since 1991
  • 1991 Construction - Not Subject to Rent Control
  • True Value Add Asset - Over 45% Upside on Rents
  • Over 78% Two-Bedroom and Three-Bedroom Units
  • Within Walking Distance from USC Medical Center. Minutes from Downtown Los Angeles

OVERVIEW

We are proud to exclusively present the Barlow Street Apartments. This investment opportunity is being offered for the first time ever by the original developer. Built in 1991, this three-story, thirty-seven multifamily asset is located at 2315 Barlow Street, Los Angeles. The property is not subject to rent control due to age the building. The property consists of excellent unit mix of eight one-bedroom/one-bathroom, sixteen two-bedroom/one-bathroom, eight two-bedroom/one-and-half bathroom, three two-bedroom/two-bathroom, and two three-bedroom/two-bathroom. The complex has been self-managed by the current owner with many tenants still living at the subject property since construction. The property is not subject to rent control due to the age of the building, which gives an opportunity for investor an immediate upside for over forty five. Over half of the units are upgraded with tile flooring with assigned tuck-under and enclosed garage parking. The apartments offer central HAVC and a laundry room which the machines are owned by the owner. The subject property is located within 4 miles from downtown Los Angeles with close proximity to USC Medical Center and many local attractions such as Dodger Stadium, STAPLE Center, LA Live, and many others. The recent housing expansion in downtown Los Angeles have boost the overall rental market in the surrounding area, which awaits the new owner to seize the opportunity and reap the immediate reward by the acquisition of the subject property. This investment opportunity offers once in a life time chance for an investor to acquire a true value-add, newer construction asset in one of the most strongest rental market in Downtown Los Angeles

FOR SALE DETAILS

PRICE

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# OF UNITS

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CAP RATE

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% LEASED

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BUILDING DETAILS

PROPERTY NAME

Built 1991 With +45% Upside on Rents

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

28333

STORIES

3

YEAR BUILT

1991

PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

5175-002-023