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1714 3rd Ave
Los Angeles, CA 90019
6 Units in Mid-City | 5.05% CAP Rate · Multifamily Property For Sale
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6 Units
Investment Highlights
- 26 Percent Remaining Rental Upside Through Interior Renovations to Remaining Units
- SIX PARKING SPACES WITH NO SEISMIC RETROFIT REQUIRED
- New Ownership Has An Opportunity to Add Additional Units Through the State's Favorable Accessory Dwelling Unit (ADU) Program
- The Mid-City Submarket is a Rapidly Growing Infill Urban Location Proximate to Downtown Los Angeles, Public Transit, and Major Employment Centers
- With a Walk Score 85 "Very Walkable" – Most Errands Can Be Accomplished on Foot
Property Facts
| No. Units | 6 | Building Size | 3,310 SF |
| Property Type | Multifamily | Average Occupancy | 80% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1907 |
| Building Class | C | Parking Ratio | 1.21/1,000 SF |
| Lot Size | 0.14 AC | ||
| Zoning | LARD1.5 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,310 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1907 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | LARD1.5 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
Property Taxes
| Parcel Number | 5072-031-014 | Improvements Assessment | $389,674 |
| Land Assessment | $865,945 | Total Assessment | $1,255,619 |
Property Taxes
Parcel Number
5072-031-014
Land Assessment
$865,945
Improvements Assessment
$389,674
Total Assessment
$1,255,619
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