2716 S La Brea Ave - Apartments FOR SALE


Los Angeles, CA 90016- West Adams
$2,800,000 USD
310-470-8963
2716 S La Brea Ave, Los Angeles, CA for Sale
$2,800,000 USD
Apartments - FOR SALE
1/4
null | 5.5% Cap Rate

2716 S La Brea Ave
Los Angeles, CA 90016
West Adams


HIGHLIGHTS

  • OPEN HOUSE: Wednesday, March 18 | 11am to 2pm
  • Beautifully renovated apartment community – 8 units
  • 86 Walk Score “Very Walkable” Location: Walk to CENTO Pasta Bar, Chulita, and Baldwin Hills Public Library
  • Value-Add: Approximately $200/unit/month in proven rental upside; 5.5% Cap Rate; 5.9% Market Cap Rate
  • Prime Baldwin Hills Neighborhood provides easy access to Downtown Culver City and Downtown Los Angeles; Minutes to trendy neighborhood restaurants
  • Less than one-half mile to the Metro Expo “E” Line Expo/La Brea Station

OVERVIEW

OPEN HOUSE: Wednesday, March 18 | 11am to 2pm PROPERTY WEBSITE with OM: https://properties.berkadia.com/2716-south-la-brea-avenue-489637/ Berkadia is excited to exclusively offer for sale, 2716 S. La Brea Avenue, a renovated 8-unit apartment community in Los Angeles’ prime Baldwin Hills neighborhood. Units are bright and airy with modern, luxury finishes including hardwood-style flooring, sleek kitchens with quartz counters, stainless-steel appliances and beautiful cabinetry. The community offers gated access, on-site laundry facilities, and 9 parking spaces. Built in 1964, this investment opportunity offers approximately $200/unit/month in proven rental upside, with a 5.5% cap rate on the current rent roll. The property is within walking distance to CENTO Pasta Bar, Chulita, and the Baldwin Hills Public Library. The Metro Expo “E” Line Expo/La Brea station is less than one-half mile, providing direct access to USC, Exposition Park, BMO Stadium and DTLA, as well as Culver City and Santa Monica. Strong Area Demographics include an Average Household Income of over $144.8K and an Average Housing Value over $1.57 Million (within 3-mile radius).

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$405 USD /SF

# OF UNITS

8

PRICE/UNIT

$350,000

CAP RATE

5.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8u | Prime Baldwin Hills | Tour March 18th

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

LAR3

APN/PARCEL ID

5049-011-008

ASK ABOUT THIS PROPERTY

Adrienne BarrBerkadiaMore Info
310-470-8963

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Adrienne BarrBerkadiaMore Info
310-470-8963

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