3823 Wisconsin St - Apartments FOR SALE


Los Angeles, CA 90037- South Central LA
$2,100,000 USD
310-508-7155
3823 Wisconsin St, Los Angeles, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/44
null | Request Cap Rate

3823 Wisconsin St
Los Angeles, CA 90037
South Central LA


HIGHLIGHTS

  • Located near USC, Exposition Park, and the Lucas Museum
  • Eight-unit multifamily property in the Exposition Park submarket
  • Near Metro E Line service with access to Downtown Los Angeles
  • Recent updates include copper plumbing and vinyl windows
  • Seismic retrofit work has reportedly been completed
  • Positioned near major sports, entertainment, and cultural venues

OVERVIEW

Discover an incredible opportunity with this delightful 8-unit complex, showcasing stunning Mid-Century modern architecture in a highly sought-after area. Ideally situated within walking distance to USC and the Lucas Museum, this property is just a stone's throw from the Expo Center and the Los Angeles Memorial Coliseum. Its prime location makes it exceptionally well-suited for student housing, while the potential for increased rental income is undeniable. The thoughtfully designed unit mix features (7) 2-bedroom, 1-bathroom units and (1) 1-bedroom, 1-bathroom unit, catering to a diverse tenant base. Key updates include copper plumbing, a new electric motor on the security gate, and modern vinyl windows that enhance both security and energy efficiency. The seismic retrofit work has been completed, ensuring peace of mind for future occupants. Currently, the property offers parking for 8 vehicles, with the potential to expand this capacity or add an ADU. Its desirable LAR3 zoning and TOC Tier 4 designation present exciting development possibilities, allowing for the conceptual addition of up to 18 units "By Right" (subject to city verification). Don’t miss out on this remarkable investment opportunity in one of Los Angeles's most sought-after neighborhoods! Call now to explore the potential of this property and secure your future.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$382 USD /SF

# OF UNITS

8

PRICE/UNIT

$262,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,911 SF

ZONING

LAR3

APN/PARCEL ID

5037-007-019,5037-017-009

ASK ABOUT THIS PROPERTY

Noe BlancoRE/MAX ALLIANCE GROUPMore Info
310-508-7155

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Noe BlancoRE/MAX ALLIANCE GROUPMore Info
310-508-7155

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