3601-3605 W Washington Blvd - Apartments FOR SALE


Los Angeles, CA 90018- Arlington Heights
$2,400,000 USD
323-376-2469
3601-3605 W Washington Blvd, Los Angeles, CA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/15
null | 5.78% Cap Rate

3601-3605 W Washington Blvd
Los Angeles, CA 90018
Arlington Heights


HIGHLIGHTS

  • First Time on the Market in Forty (40) Years
  • Each Unit Measures Over 1,100 Square Feet
  • Entirely Two-Bedroom Units
  • Potential to Deliver One Unit Vacant
  • Approximately 44% Rental Upside

OVERVIEW

3601 W. Washington Boulevard is being offered for sale for the first time in forty (40) years. The 12-unit apartment complex is located in the Arlington Heights submarket of Los Angeles -- near Mid-City. The opportunity consists of three separate structures totaling 13,818 rentable square feet for 12 units. Each unit measures at least 1,100 square feet and is separately metered for gas and electricity. The property offers seven (7) single car garages and ample parking on the large lot. Lastly, there is approximately 44% rental upside that can be achieved as units turnover.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$220 USD /SF

# OF UNITS

12

PRICE/UNIT

$200,000

CAP RATE

5.78%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1917

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

LACM

APN/PARCEL ID

5072-015-009

ASK ABOUT THIS PROPERTY

Andres DiazKW CommercialMore Info
323-376-2469

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Andres DiazKW CommercialMore Info
323-376-2469

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