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Price Reduced! 8u in Prime Baldwin Hills 2716 S La Brea Ave 8 Unit Apartment Building $2,525,000 ($315,625/Unit) 6.20% Cap Rate Los Angeles, CA 90016
Investment Highlights
- PRICE REDUCED - New Price: $2,525,000
- 86 Walk Score “Very Walkable” Location: Walk to CENTO Pasta Bar, Chulita, and Baldwin Hills Public Library
- Prime Baldwin Hills Neighborhood provides easy access to Downtown Culver City and Downtown Los Angeles; Minutes to trendy neighborhood restaurants
- Beautifully renovated apartment community – 8 units
- Priced Below Replacement Cost; 6.2% Current Cap Rate; 6.6% Market Cap Rate
- Less than one-half mile to the Metro Expo “E” Line Expo/La Brea Station
Executive Summary
PROPERTY WEBSITE with OM: https://properties.berkadia.com/2716-south-la-brea-avenue-489637/
PRICE REDUCED - New Price $2,525,000! Berkadia is excited to exclusively offer for sale, 2716 S. La Brea Avenue, a renovated 8-unit apartment community in Los Angeles’ prime Baldwin Hills neighborhood. Units are bright and airy with modern, luxury finishes including hardwood-style flooring, sleek kitchens with quartz counters, stainless-steel appliances and beautiful cabinetry. The community offers gated access, on-site laundry facilities, and 9 parking spaces. Built in 1964, this investment opportunity is priced below replacement cost with a 6.2% cap rate on the current rent roll.
The property is within walking distance to CENTO Pasta Bar, Chulita, and the Baldwin Hills Public Library. The Metro Expo “E” Line Expo/La Brea station is less than one-half mile, providing direct access to USC, Exposition Park, BMO Stadium and DTLA, as well as Culver City and Santa Monica. Strong Area Demographics include an Average Household Income of over $144.8K and an Average Housing Value over $1.57 Million (within 3-mile radius).
PRICE REDUCED - New Price $2,525,000! Berkadia is excited to exclusively offer for sale, 2716 S. La Brea Avenue, a renovated 8-unit apartment community in Los Angeles’ prime Baldwin Hills neighborhood. Units are bright and airy with modern, luxury finishes including hardwood-style flooring, sleek kitchens with quartz counters, stainless-steel appliances and beautiful cabinetry. The community offers gated access, on-site laundry facilities, and 9 parking spaces. Built in 1964, this investment opportunity is priced below replacement cost with a 6.2% cap rate on the current rent roll.
The property is within walking distance to CENTO Pasta Bar, Chulita, and the Baldwin Hills Public Library. The Metro Expo “E” Line Expo/La Brea station is less than one-half mile, providing direct access to USC, Exposition Park, BMO Stadium and DTLA, as well as Culver City and Santa Monica. Strong Area Demographics include an Average Household Income of over $144.8K and an Average Housing Value over $1.57 Million (within 3-mile radius).
Property Facts
| Price | $2,525,000 | Apartment Style | Low-Rise |
| Price Per Unit | $315,625 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 6.20% | Building Size | 6,908 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | ||
| Zoning | LAR3 - Restricted Density Multiple Dwelling | ||
| Price | $2,525,000 |
| Price Per Unit | $315,625 |
| Sale Type | Investment |
| Cap Rate | 6.20% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 6,908 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Zoning | LAR3 - Restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Quartz Countertops
Site Amenities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 660 - 704 |
| 2+2 | 4 | - | 880 - 910 |
Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5049-011-008 | Improvements Assessment | $905,676 |
| Land Assessment | $1,251,610 | Total Assessment | $2,157,286 |
Property Taxes
Parcel Number
5049-011-008
Land Assessment
$1,251,610
Improvements Assessment
$905,676
Total Assessment
$2,157,286
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