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2737 Francis Ave
Los Angeles, CA 90005
Gilwin Apartments · Multifamily Property For Sale
·
29 Units
PROPERTY FACTS
| No. Units | 29 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 13,772 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1925 |
| Building Class | C | ||
| Zoning | LAR4 | ||
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 13,772 SF |
| No. Stories | 3 |
| Year Built | 1925 |
| Zoning | LAR4 |
ABOUT 2737 FRANCIS AVE , LOS ANGELES, CA 90005
HFF is pleased to present for sale, Gilwin Apartments (the “Property”), a 29-unit multi-housing community situated in the highly desirable Koreatown submarket of Los Angeles. Built in 1925, Gilwin Apartments boasts studio (28) and one-bedroom (1) floorplans. The Property represents a true value-add opportunity with 22 of the 29 units in original condition and current rents 72% below market for renovated rents. The balance of the units have been renovated in recent years featuring wood inspired flooring, quartz countertops, and stainless-steel appliances.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 28 | $1,295 | 470 |
| 1+1 | 1 | $1,450 | 600 |
PROPERTY TAXES
| Parcel Number | 5077-021-022 | Improvements Assessment | $1,115,517 |
| Land Assessment | $3,235,002 | Total Assessment | $4,350,519 |
PROPERTY TAXES
