300 E Washington Blvd
Los Angeles, CA 90015
Multifamily Property For Sale
·
32 Units
Property Facts
| No. Units | 32 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 17,941 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1912 |
| Building Class | C | ||
| Zoning | C2-2D-O-CPIO | ||
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 17,941 SF |
| No. Stories | 3 |
| Year Built | 1912 |
| Zoning | C2-2D-O-CPIO |
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
- Breakfast Nook
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Online Services
- Walk-Up
- Smoke Detector
About 300 E WASHINGTON BLVD , LOS ANGELES, CA 90015
The Hirsh Apartments at 300 E Washington Boulevard, in Los Angeles, CA. Built in 1912, this 32-unit property is a value-add opportunity with approximately 56% upside in Los Angeles’ Fashion District. The three-story building features singles and one-bedrooms. This offering presents an investor the opportunity to capture market rents through renovations when the units turn. One unit will be delivered vacant at the close of escrow. The property is being offered at a 12.04 GRM on current income and low price per unit of $119,563. The Los Angeles Fashion District is the hub of the city’s fashion industry with over 100 blocks of independently owned retail and wholesale businesses featuring accessories, footwear, beauty and cosmetics. The area has seen unprecedented growth and development in recent years helping to generate $10 billion in business and over 30,000 job opportunities. This location, sitting in the south portion of the Fashion District produces a strong tenant demand with rising rental rates as the commute is just minutes to Downtown Los Angeles. The subject property has a walk score of 94 and a location that allows tenants to travel within the city for all of their daily errands, work, school and entertainment needs without a vehicle.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 28 | $793.00 | - |
| 1+1 | 4 | $1,056 | - |
Property Taxes
| Parcel Number | 5127-029-036 | Improvements Assessment | $2,381,350 |
| Land Assessment | $1,569,526 | Total Assessment | $3,950,876 |
Property Taxes
