1556 Hi Point St | Los Angeles, CA 90035
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1556 Hi Point St
Los Angeles, CA 90035
Olivia Apartments · Multifamily Property For Sale
·
45 Units
Investment Highlights
- Completed in August 2021, Olivia Apartments is a unique opportunity to acquire a 45-unit Class A, institutional-quality apartment home in mid-wilshire
- Olivia Apartments provides investors the opportunity to acquire the 3rd new construction multifamily community to trade w/in 2 miles of the property.
- Now 80% leased, Olivia Apartments has demonstrated an astonishing lease-up with 11 move ins per month.
- With an average unit size of 1,187 SF, Olivia Apartments offers residents spacious, low density living that is only rivaled by single family homes.
Property Facts
| No. Units | 45 | Lot Size | 0.62 AC |
| Property Type | Multifamily | Building Size | 57,854 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 2021 |
| Building Class | B | Parking Ratio | 1.47/1,000 SF |
| Zoning | LAR3 | ||
| No. Units | 45 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.62 AC |
| Building Size | 57,854 SF |
| No. Stories | 4 |
| Year Built | 2021 |
| Parking Ratio | 1.47/1,000 SF |
| Zoning | LAR3 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Freezer
- Intercom
Site Amenities
- 24 Hour Access
- Controlled Access
- Fitness Center
- Property Manager on Site
- Tenant Controlled HVAC
- Gated
- Package Service
- Bicycle Storage
- Elevator
- Lounge
- Maintenance on site
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 27 | - | - |
| 3+2 | 12 | - | - |
| 3+3 | 6 | - | - |
Property Taxes
| Parcel Number | 5068-018-065 | Improvements Assessment | $21,330,280 |
| Land Assessment | $12,734,496 | Total Assessment | $34,064,776 |
Property Taxes
Parcel Number
5068-018-065
Land Assessment
$12,734,496
Improvements Assessment
$21,330,280
Total Assessment
$34,064,776
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