Los Angeles CA Multi Family for Sale
$3,050,000
372 Columbia Avenue Los Angeles, CA 90017
- Type:
- Cluster
- Sq.Ft.:
- 14,526
- Status:
- Active
- Beds:
- 23
- Lot size:
- 0.52 Acres
- Year built:
- 1940
- Baths:
- 19.00
- MLS#:
- 24456587
ADDITIONAL INFORMATION
372 Columbia Avenue is an 18-unit courtyard apartment community in the Westlake District of Los Angeles (90017), immediately adjacent to Downtown LA and Echo Park. It is being offered for sale for the first time in over 40 years, providing investors with an opportunity to acquire a value-add opportunity in one of LA's stable and dynamic neighborhoods. Built in 1940, 372 Columbia Avenue, a garden-style apartment community attracts residents who appreciate the asset's style, spacious apartments, and proximity to major Los Angeles employers. 372 Columbia features an exceptional unit composition consisting of One (1) 2 Bedroom 1.5 Bathroom, Four (4) 2 Bedroom 1 Bathroom units, and Thirteen (13) 1 Bedroom 1 Bathroom units. 372 Columbia Avenue comprises +/- 14,983 SF of improvements and is sited on a +/- 22,792 SF parcel zoned LAR3. Most apartment units are accessed through a gated landscaped courtyard. Resident parking is accessed via a secured driveway and features approximately Nineteen (19) on-grade parking spaces. Many units still feature period designs and details prevalent in 1940s garden-style properties, namely large spacious units, dedicated dining rooms/breakfast nooks, bay windows, ornamental window shutters, ironwork, crown molding, and many built-ins and closets. Select units offer stunning views of Downtown Los Angeles and the towering skyline. In recent years, current ownership has completed several meaningful capital expenditures, such as new water heaters in nearly half the units (2023), replacement/repair of all the building's staircase railings (2021), re-roofing with Class A materials (including tear-off) (2020), and voluntary foundation upgrade and bracing (2015). Due to its proximity to some of LA's most sought-after cities, 372 Columbia Avenue is an attractive rental option. Westlake is adjacent to Downtown Los Angeles, MacArthur Park, Rampart Village, Echo Park, Koreatown, and Wilshire Center. It has a Walk Score of 91 and a Transit Score of 92, offering world-class access to public transportation. 372 Columbia Avenue is a few blocks from the Metro B Line (Red) and the Metro D Line (Purple) at the Westlake / MacArthur Park Station stop.
$1,325,000
735 Witmer St Los Angeles, CA 90017
- Type:
- Other
- Sq.Ft.:
- 4,435
- Status:
- Active
- Beds:
- 8
- Lot size:
- 0.15 Acres
- Year built:
- 1904
- Baths:
- 8.00
- MLS#:
- 24-450151
ADDITIONAL INFORMATION
We are pleased to offer this eight unit investment opportunity, located in the City of Los Angeles. The unit mix consists of three 0+1 and five 1+1 units. The investment consists of approximately 4,435 of rentable square feet and is situated on an approximately 6,616 square foot parcel. Recent property upgrades include new exterior paint, new exterior lighting, new exterior building numbers, and five of the units have recently been renovated. The building amenities include a large parking area with eight total spaces, and the property is master metered for both gas & electricity.
$5,495,000
500 S Union Avenue Los Angeles, CA 90017
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.46 Acres
- Baths:
- MLS#:
- CL23322233
View additional info
Courtesy: Realty Investment Advisors, Inc.
ADDITIONAL INFORMATION
We are proud to present a rare opportunity for a developer to acquire an 85-unit, seven-story development project situated in the vibrant Westlake district, just minutes away from Downtown Los Angeles. This remarkable offering encompasses three assembled lots, totaling 19,921 square feet of prime land. The proposed development spans an impressive 64,759 square feet and comprises seventy-nine (79) one-bedroom, one-bath units, as well as six (6) two-bedroom, two-bath units. Notably, the project incorporates forty-three (43) conveniently located parking spaces within the first two stories of the building, eliminating the need for subterranean parking. Seventy-three (73) of the proposed units will be MARKET rate while there are eight (8) very low income and four (4) extremely low income affordable units. It's worth mentioning that the sellers have dedicated over 3 years to navigate the city approval process, and the plans are now at the advanced stage of being approximately 90% Ready to Issue (RTI) status. Furthermore, the seller has initiated an Ellis Act for the ten remaining tenants in the existing buildings, with a scheduled move-out date set for July 2024.The Westlake neighborhood, nestled in Central Los Angeles, offers a unique blend of residential and commercial living. Border
$1,800,000
1231 W 8th Street Los Angeles, CA 90017
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.13 Acres
- Year built:
- 1907
- Baths:
- MLS#:
- CRSR23159648
View additional info
Courtesy: JohnHart Real Estate
ADDITIONAL INFORMATION
Great investment opportunity in the bustling city of Downtown L.A.! On the corner of West 8th Street and Hartford Avenue is a neat income property offers 22 units within a 7,143-sqft building. Inside, the property has a community laundry area located on the first floor of the structure, includes two community kitchen areas, private bathrooms for a select four units, and four communal bathrooms for the remaining eighteen units. At present, all units are occupied with varying rental amounts. With easy access to public transportation, local dining, and markets, this property is an ideal location for potential tenants. There’s plenty of potential with this property and provides many possibilities! Find out more today!
Based on information from Combined LA/Westside Multiple Listing Service, Inc. as of {{last updated}}. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Los Angeles Real Estate
The median home value in Los Angeles, CA is $912,500. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Los Angeles, CA is $912,500. Approximately 33.96% of Los Angeles homes are owned, compared to 58.13% rented, while 7.92% are vacant. Los Angeles real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Los Angeles real estate agent to arrange a tour today!
Los Angeles, California 90017 has a population of 3,902,440. Los Angeles 90017 is less family-centric than the surrounding county with 28.08% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Los Angeles, California 90017 is $69,778. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Los Angeles 90017 is 36.2 years.
Los Angeles Weather
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 45.9 degrees. The average rainfall is approximately 15.5 inches per year, with 0 inches of snow per year.