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916 Georgia St
Los Angeles, CA 90015
Multifamily Property For Sale
·
31 Units
Investment Highlights
- 916 Georgia Street is a unique investment or long-term development opportunity located in Downtown Los Angeles
- This opportunity is ideal for a developer to collect cash flow while planning for redevelopment
- This asset is in an irreplaceable location by being zoned C2-4D in a Tier 3 TOC
- The property currently consists of 32 apartment units totaling 18,132 square feet, with 24 singles and eight two-bedroom units
- The property is surrounded by new developments and is steps from Los Angeles’ premier nightlife destinations, including the Staples Center, LA Live
- The property will be delivered with six vacancies at the close of escrow
Property Facts
| No. Units | 31 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 18,132 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 1912/2014 |
| Zoning | C2-4D | ||
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 18,132 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1912/2014 |
| Zoning | C2-4D |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Tile Floors
- Granite Countertops
- Hardwood Floors
- Stainless Steel Appliances
- Wheelchair Accessible (Rooms)
Site Amenities
- Controlled Access
- Laundry Facilities
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 23 | $1,203 | 400 - 500 |
| 2+1 | 8 | $1,625 | 750 - 850 |
Property Taxes
| Parcel Number | 5138-005-026 | Improvements Assessment | $1,440,765 |
| Land Assessment | $2,315,079 | Total Assessment | $3,755,844 |
Property Taxes
Parcel Number
5138-005-026
Land Assessment
$2,315,079
Improvements Assessment
$1,440,765
Total Assessment
$3,755,844
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