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1316 S Los Angeles St 27 Unit Apartment Building $5,955,000 ($220,556/Unit) Los Angeles, CA 90015
INVESTMENT HIGHLIGHTS
- Developing neighborhood.
- Upside rent potential.
- Located within Opportunity Zone
- Located on a major thoroughfare.
- Multifamily building is unique to the neighborhood.
- Large retail spaces easily converted to creative office
EXECUTIVE SUMMARY
This $5,955,000.00 building was constructed with heavy steel I-beams in addition to the current materials of the day. The second generation of the family is prepared to sell the Property to a motivated buyer who can restore the Building to its original splendor while maximizing all residential and retail income. The family is motivated to sell their Building and will entertain all reasonable market offers. This is an “As-Is” sale. This is a rare opportunity to acquire a mixed-use multi-family building in this downtown Los Angeles submarket.
PROPERTY FACTS
| Price | $5,955,000 | Building Class | C |
| Price Per Unit | $220,556 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 26,000 SF |
| No. Units | 27 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1915/1993 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | M2, Los Angeles - Heavy Manufacturing | ||
| Price | $5,955,000 |
| Price Per Unit | $220,556 |
| Sale Type | Investment |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 26,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1915/1993 |
| Opportunity Zone |
Yes |
| Zoning | M2, Los Angeles - Heavy Manufacturing |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 24 | - | - |
1 1
Walk Score®
Very Walkable (89)
Transit Score®
Rider's Paradise (99)
Bike Score®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 5133-017-009 | Improvements Assessment | $452,690 |
| Land Assessment | $1,315,662 | Total Assessment | $1,768,352 |
PROPERTY TAXES
Parcel Number
5133-017-009
Land Assessment
$1,315,662
Improvements Assessment
$452,690
Total Assessment
$1,768,352
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1316 S Los Angeles St
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