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215-225 Lucas Ave
Los Angeles, CA 90026
Multifamily Property For Sale
·
32 Units
Investment Highlights
- Massive Value-Add Opportunity with Immediate Upside
- Update to 28 Two-Bedroom & 4 Three-Bedroom Layouts
- Surrounded by New Development & Growth
- ±80% Vacant - 26 of 32 Units Delivered Vacant
- 39,725 Square Feet of Land – Zoned for ±159 Units
Property Facts
| No. Units | 32 | Building Size | 24,360 SF |
| Property Type | Multifamily | Average Occupancy | 19% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1951 |
| Building Class | C | Parking Ratio | 1.35/1,000 SF |
| Lot Size | 0.91 AC | ||
| Zoning | R-4 - R4 + Tier 2 TOC | ||
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.91 AC |
| Building Size | 24,360 SF |
| Average Occupancy | 19% |
| No. Stories | 2 |
| Year Built | 1951 |
| Parking Ratio | 1.35/1,000 SF |
| Zoning | R-4 - R4 + Tier 2 TOC |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 28 | - | 740 |
| 2+1 | 4 | - | 900 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,407,160 | |
| Land Assessment | $5,709,828 | Total Assessment | $7,116,988 |
Property Taxes
Parcel Numbers
Land Assessment
$5,709,828
Improvements Assessment
$1,407,160
Total Assessment
$7,116,988
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