$ 3,200,000
-
$3,200,000
Price -
0
Bed -
15
Bath -
6,261
SqFt
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About the Listing X82195 - C145450
1820 S. La Brea Avenue is a 6,261 square foot, fifteen-unit apartment building situated on a 5,802 square foot lot in Mid-City, just south of Venice Boulevard. The property offers immediate access to the I-10 Freeway and is centrally located near major Los Angeles employment hubs, retail corridors, dining, and entertainment.The building consists of fifteen studio units, thirteen of which have been recently renovated. Three units are in the process of being delivered vacant, providing additional flexibility for an investor. Nearly all tenants receive government-backed housing assistance, providing stable and reliable income. The property includes eight on-site parking spaces. Offered at a 9.35 GRM and 6.95% CAP rate, the asset provides strong in-place cash flow. Seismic retrofitting has been recently completed, minimizing near-term capital expenditure requirements.The property presents additional value-add potential, including a possible ADU opportunity and the potential for motel-use conversion (buyer to verify). This is a stabilized, income-generating asset located in a highly desirable rental submarket.
Listing Highlights
Status
Active
Days on Site
33
Property Type
Multi-Family
MLS ®
26653223
Year Built
1963
Total Square Footage
6,261
Lot/Acreage
0.13
County
Los Angeles
Interior Details
- Bedrooms: 0
- Bathrooms: 15 Full
- Appliances:
- Air Cond: Air Conditioning
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 8
- Lot Dimensions: 40x145
- Zoning: LAR3
- Roof:
- Others:
- Sewer:
- Parking Features: Carport,Driveway
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
1820 S La Brea Ave Los Angeles, CA 90019
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