2939 Brighton Ave - Apartments FOR SALE


Los Angeles, CA 90018- West Adams
$1,350,000 USD
310-467-7581
2939 Brighton Ave, Los Angeles, CA for Sale
$1,350,000 USD
Apartments - FOR SALE
1/15
null | 6.91% Cap Rate

2939 Brighton Ave
Los Angeles, CA 90018
West Adams


HIGHLIGHTS

  • Prime West Adams Location
  • The proximity to West Adams is the main amenity for tenants as they can walk to restaurants and coffee shops including Vicky’s All Day, Mizlala
  • Value Add Opportunity
  • Quiet Residential Street
  • Spacious layouts with (4) 1 Bed / 1 Bath, (2) Studio / 1 Bath, (1) 2 Bed / 2 Bath / Den laid out over 5,316 square feet
  • The property offers a quiet reprieve from the traffic and congestion, but is centrally located to major business hubs

OVERVIEW

2939 Brighton Ave is a charming 7 unit offering, with 2 units in the front building and 5 bungalow units in the rear of the property. With recent developments and new businesses in the area, it’s location within close proximity to Adams is a major draw for renters. The James Group is pleased to present 2939 Brighton Ave in the trendy West Adams submarket of Los Angeles just south of Adams and west of Normandie Ave. The subject property is located on one of the more highly desirable streets in the West Adams area on a block consisting of mostly single family homes offering a quiet reprise in the middle of Los Angeles. The property features an excellent unit mix consisting of (4) 1 Bed / 1 Bath, (2) Studio / 1 Bath, and (1) 2 Bed / 2 Bath / Den units on a large 7,100 square foot lot. Within walking distance of Adams including popular restaurants like Vicky’s All Day, Mizlala, Mian, Delicious Pizza, Tartine and Vees Café

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$254 USD /SF

# OF UNITS

7

PRICE/UNIT

$192,857

CAP RATE

6.91%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1905

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R1, Los Angeles

APN/PARCEL ID

5053-030-034

ASK ABOUT THIS PROPERTY

Peter JamesLyon Stahl Investment Real EstateMore Info
310-467-7581

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Peter JamesLyon Stahl Investment Real EstateMore Info
310-467-7581

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