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Travis Breton

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

Listed by Jared Levine, DRE #01804008 • Keller Williams Realty Calabasas

$ 4,950,000

Est. payment | -/mo

0.33 Acres Lot

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$ 4,950,000

Est. payment | -/mo

Save

0.33 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CNSR23069528

Year Built 1964

Lot Size 0.335 Acres

Source CRISNet

Property Description

** 54% (+/-) Potential Upside** ** Opportunity to Assume Existing Loan @ 3.35%** We are pleased to present the opportunity to acquire 15th Street Apartments in the submarket of Arlington Heights (LA Market) and in close proximity to Mid City and Koreatown. This offering includes a 22 unit multifamily building built in 1964 with a foot print of approximately 14,407 SF, sitting on a 14,587 SF corner lot zoned LAR3. 15th Street Apartments offers an investor a significant value add opportunity with approximately 54% (+/-) of potential upside in rents spread across a desirable unit mix of mostly 2 bedrooms units. In addition, there is a possibility for the current $3,035,000 loan originated in 2021 at a fixed rate of 3.35% to be assumed, providing a favorable debt option. This well-located multifamily property offers an investor a rare opportunity to secure a larger sized asset in a high demand and growth submarket with real reposition opportunity and impressive corner frontage. Arlington Heights is diverse and populated neighborhood in Central Los Angeles with Koreatown to the north, Mid-City and Mid-Wilshire to the west, Jefferson Park to the south and Harvard Heights to the east. Located centrally in Los Angeles, Arlington Heights is a transit friendly melting pot of cul

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Interior

Laundry In Laundry Room

Exterior

Garage Spaces 20.0

Pool None

Building

Story Three or More Stories

Water District - Public

Others

Tax ID 5073003001

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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3066 W 15th ST Los Angeles, CA 90019