Heather House Apartments 1911 W 2nd St 29 Unit Apartment Building $4,398,000 ($151,655/Unit) 7.37% Cap Rate Los Angeles, CA 90057

1911 W 2nd Street is a well-maintained 29-unit multifamily property located near Historic Filipinotown! Built in 1967, the property offers approximately 14,134 square feet of living space situated on an 11,881 square foot LAR3-zoned corner lot. The unit mix consist of eleven (11) studios, seventeen (17) one-bedroom/one-bathroom, and one (1) two-bedroom/two-bathroom units across two stories with nineteen (19) units remodeled. The property features an on-site laundry room, gated access for extra security, a pitched roof and twenty-eight (28) parking spaces, twenty-six (26) of which are gated. Additional improvements include a plumbing upgrade completed approximately five years ago. Expenses estimated.
Situated near the intersection of Beverly Boulevard and N Bonnie Brae Street, 1911 W 2nd Street offers convenient access to major employment, transportation, shopping, and recreational destinations throughout Central Los Angeles. The property is ideally positioned near PIH Health Good Samaritan Hospital, Southwestern Law School, and the numerous employment centers throughout Downtown Los Angeles. Rated a “Walker’s Paradise” with a Walk Score of 90, the property is within close proximity to neighborhood favorites including Brooklyn Bagel, Lovetta Coffee, Woon, Gus’s Drive-In, and Original Tommy’s, along with major retailers such as Target and The Home Depot. Residents also benefit from nearby everyday conveniences along the 6th Street and Alvarado Street corridors, proximity to Miguel Contreras Learning Complex, and recreational destinations including Vista Hermosa Natural Park, and Echo Park Lake. The property also offers convenient access to public transportation and the 101 and 110 freeways.