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Cole Assemblage 716 & 726 Cole Ave 2 Properties Offered at $14,000,000 in Los Angeles, CA
INVESTMENT HIGHLIGHTS
- 2- Parcel (3 lot) Assemblage Located In An Opportunity Zone
- 8 - Turnkey Apartments With In Unit Washer And Dryers
- Office Leased To A National Credit Tenant
- Qualified Opportunity Zone
EXECUTIVE SUMMARY
Maywood Property Group is pleased to present a rare offering situated directly across from the prestigious Wilshire Country Club, an exceptional opportunity for investors seeking a prime covered-land play with immediate income and long-term redevelopment potential.
The offering comprises two contiguous parcels totaling approximately 18,742 square feet of land, improved with a thoughtfully renovated eight-unit apartment building and an adjacent 1980s-era office building. The apartments feature spacious one-bedroom, one-bathroom layouts and in unit washer and dryers, have been tastefully updated and will be delivered in turnkey condition, providing stable in-place income with minimal management burden.
The adjoining office property encompasses over 8,900 square feet and is leased to a national high-credit tenant through May 31, 2028, offering predictable cash flow and security for investors.
With irreplaceable positioning in one of Los Angeles’ most desirable submarkets, this asset presents multiple strategies—a long-term hold with steady income, a future redevelopment opportunity, or a strategic covered-land play anchored by strong tenancy and premier location fundamentals.
The offering comprises two contiguous parcels totaling approximately 18,742 square feet of land, improved with a thoughtfully renovated eight-unit apartment building and an adjacent 1980s-era office building. The apartments feature spacious one-bedroom, one-bathroom layouts and in unit washer and dryers, have been tastefully updated and will be delivered in turnkey condition, providing stable in-place income with minimal management burden.
The adjoining office property encompasses over 8,900 square feet and is leased to a national high-credit tenant through May 31, 2028, offering predictable cash flow and security for investors.
With irreplaceable positioning in one of Los Angeles’ most desirable submarkets, this asset presents multiple strategies—a long-term hold with steady income, a future redevelopment opportunity, or a strategic covered-land play anchored by strong tenancy and premier location fundamentals.
PROPERTY FACTS
| Price | $14,000,000 | Number of Properties | 2 |
| Price / SF | $992.70 / SF | Individually For Sale | 0 |
| Cap Rate | 4.96% | Total Building Size | 14,103 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.29 AC |
| Status | Active |
| Price | $14,000,000 |
| Price / SF | $992.70 / SF |
| Cap Rate | 4.96% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 14,103 SF |
| Total Land Area | 0.29 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 716 Cole Ave, Los Angeles, CA 90038 | Multifamily | 5,128 SF | 1962 | - |
| 726 Cole Ave, Los Angeles, CA 90038 | Office | 8,975 SF | 1989 | - |
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Cole Assemblage 716 & 726 Cole Ave
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