1913 W 3rd St
Los Angeles, CA 90057
Multifamily Property For Sale
·
41 Units
Property Facts
| No. Units | 41 | Lot Size | 0.47 AC |
| Property Type | Multifamily | Building Size | 20,500 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1923 |
| Building Class | C | Parking Ratio | 6.08/1,000 SF |
| Zoning | LAC2 - 0500 - 5 Or More Apts or Units | ||
| No. Units | 41 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 20,500 SF |
| No. Stories | 2 |
| Year Built | 1923 |
| Parking Ratio | 6.08/1,000 SF |
| Zoning | LAC2 - 0500 - 5 Or More Apts or Units |
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Security System
- Tenant Controlled HVAC
- Gated
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
About 1913 W 3RD ST , LOS ANGELES, CA 90057
Marcus and Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1901-1913 West Third Street, a 41-unit value-add opportunity located less than one mile west from Downtown Los Angeles. Originally built in 1923, and well maintained under current ownership, the property offers investors the opportunity to capture approximately 35 percent upside in rental income by completing renovations to the unit interiors, exterior facade, and common areas. 1901-1913 West Third Street is located in one of the fastest growing pockets of Los Angeles between Downtown and Koreatown. The property’s transit-oriented and highly walkable location offers residents access to the top job centers in Los Angeles, an emerging dining and nightlife scene, and plentiful recreational and cultural amenities. While the exorbitant costs of home ownership and high barriers to entry for new rental developments continue to fuel strong submarket fundamentals, 1901-1913 West Third Street is well positioned to provide consistent returns for investors.
Property Taxes
| Parcel Numbers | Improvements Assessment | $617,000 | |
| Land Assessment | $5,553,000 | Total Assessment | $6,170,000 |
Property Taxes
