4073 West Blvd | Los Angeles, CA 90008
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- LoopNet Team
4073 West Blvd
Los Angeles, CA 90008
Multifamily Property For Sale
·
24 Units
Investment Highlights
- Value Add Opportunity: 24-units located in the emerging Baldwin Village neighborhood of Los Angeles. Current rents are approximately 73% under market
- Favorable Unit Mix: Building consists of (12) one-bedroom/one-bathroom units and (12) two-bedroom/one-bathroom units
- 36-Unit Portfolio Opportunity: Can be purchased with 4119 Santo Tomas Drive, 12-units located just two blocks away (36-unit portfolio)
- Attractive Deal Metrics: Priced below replacement cost at $154,167 per unit and $157.13 per foot
- Property Features: The apartments boast spacious layouts with plenty of natural lighting. The property is fully-parked, with (24) covered garage spac
- Land/Zoning: The 23,548 sf building sits on a large 35,413 sf lot that is LAR3 zoned (Tier 2 TOC) and located in an Opportunity Zone
Property Facts
| No. Units | 24 | Lot Size | 0.81 AC |
| Property Type | Multifamily | Building Size | 23,548 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1948 |
| Building Class | C | Parking Ratio | 0.51/1,000 SF |
| Zoning | LAR3 - Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.81 AC |
| Building Size | 23,548 SF |
| No. Stories | 2 |
| Year Built | 1948 |
| Parking Ratio | 0.51/1,000 SF |
| Zoning | LAR3 - Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
| 2+1 | 12 | - | - |
Property Taxes
| Parcel Number | 5032-012-001 | Improvements Assessment | $730,000 |
| Land Assessment | $2,700,000 | Total Assessment | $3,430,000 |
Property Taxes
Parcel Number
5032-012-001
Land Assessment
$2,700,000
Improvements Assessment
$730,000
Total Assessment
$3,430,000
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