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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

Listed by Anie Mayelian, DRE #00778825 • Equity Union

$ 2,850,000

Est. payment | -/mo

0.3 Acres Lot

Save

$ 2,850,000

Est. payment | -/mo

Save

0.3 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CNSR23013827

Year Built 1910

Lot Size 0.302 Acres

Source CRISNet

Property Description

We are proud to present the opportunity to acquire a 9-unit apartment building and a retail space in Mid City on a spacious lot of 13,141 square feet! Owner will carry financing with 35% down payment. Two units, the retail store and six garages will be delivered vacant and can be rented at market rents. The building presents an excellent value add opportunity with huge rental upside after renovations! The apartment building consists of two 2 bedroom/1 bath units, six 1 bedroom/1 bath units, and a single. An investor could also potentially convert the garages into ADUs to generate additional income. As an added bonus, the subject has been entitled for a 43-unit residential income development and a prospective buyer may continue the process of obtaining approved plans and completing the building of a new construction project. The building is prominently located near Pico Blvd and Western Ave., and is in close proximity to Amazon Studios headquarters, Ivy Station (HBO headquarters), the Cumulus District (Whole Foods), endless dining, hotels, entertainment, historical landmarks, and a short distance from the 1-10 Freeway, Downtown LA, Santa Monica, and LAX. Gross income includes proforma rents from two vacant units, retail space, and 6 garage spaces. See rent roll on page 16 of the

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Interior

Laundry Community Facility

Exterior

Garage Spaces 11.0

Pool None

Building

Water District - Public

Others

Tax ID 5073008014

Special Listing Condition Not Applicable

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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1310 S St Andrews PL Los Angeles, CA 90019