$2,400,000
$2,499,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
12 Baths
9,800 SqFt
SOLD DATE : 09/14/2023
Key Details
Sold Price $2,400,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 9,800 sqft
Price per Sqft $244
MLS Listing ID 23295275
Sold Date 09/14/23
HOA Y/N No
Year Built 1939
Lot Size 0.310 Acres
Property Description
Vintage, 'old-school LA' charm inside-and-out - attractive appointments that are rarely found anymore. Well-located near Mid-City, Mid-Wilshire and K-Town. Large front lawn on this massive 13,489 sq. ft. lot. 30+ years of single ownership - his "Baby". But, he has self-managed and not consistently raised rents. Massive meat-on-the-bone for a new Buyer - 50% rent upside! And then there's the development upside, as well. An opportunistic opportunity. 8% cap UPSIDE! Part of a 2-building portfolio sale with 12 units at 3335 W. Stocker St.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Assigned
Total Parking Spaces 12
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5058004015
Special Listing Condition Standard
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Bought with Brice Head • CBRE, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
880 Roosevelt Suite 250, Irvine, California, 92620, United States