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Multifamily

2707 W 14th St

2707 W 14th St, Los Angeles, CA 90006

Listing Price: $1,650,000

Cap Rate
6.31%
Number of Units
5
Price/Unit
$330,000
Price/Gross SF
$321.76
Gross SF
5,128

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a five-unit apartment community located at 2707 West 14th Street. The subject property is located just south of Pico Boulevard and west of Normandie Avenue near Koreatown. Situated on a 6,506 square foot parcel, the property comprises of four one-bedroom units and a stand-alone three-bedroom house. All four of the front units will be delivered vacant allowing new ownership the opportunity to renovate and achieve additional rental premiums immediately. The back house is the only occupied unit and has been thoroughly renovated and is already achieving a market rental rate. The continued gentrification of the surrounding area along with the value-add potential for a new owner to immediately renovate and lease vacant units and achieve superior future returns moving forward makes 2707 West 14th Street an excellent acquisition opportunity.

Investment Highlights

  • Immediate Renovation Opportunity: 100% of the 4-Unit Building Will be Delivered Vacant, Allowing New Ownership the Opportunity to Immediately Renovate and Re-Tenant the Property
  • An Infill Location: The Property is Located in a Dense Pocket of Harvard Heights. With a Walk Score of 92 'Walker Paradise' – Daily Errands do not Require a Car.
  • Low Expenses: The Property is Separately Metered for Gas and Electric and Tenants Pay Trash Expenses, Creating a Low Overhead Building to Operate
  • A Neighborhood Poised for Rent Growth: Surrounded by Neighborhoods such as Mid-City, Koreatown, West-Adams & Downtown- Harvard Heights is Becoming a Compelling Value-Proposition for Tenants who are Getting Priced out of These Neighboring Submarkets

Exclusively Listed By

Financing By

Multifamily

2707 W 14th St

Listing Price: $1,650,000

Cap Rate
6.31%
Number of Units
5
Price/Unit
$330,000
Price/Gross SF
$321.76
Gross SF
5,128

Investment Highlights

  • Immediate Renovation Opportunity: 100% of the 4-Unit Building Will be Delivered Vacant, Allowing New Ownership the Opportunity to Immediately Renovate and Re-Tenant the Property
  • An Infill Location: The Property is Located in a Dense Pocket of Harvard Heights. With a Walk Score of 92 'Walker Paradise' – Daily Errands do not Require a Car.
  • Low Expenses: The Property is Separately Metered for Gas and Electric and Tenants Pay Trash Expenses, Creating a Low Overhead Building to Operate
  • A Neighborhood Poised for Rent Growth: Surrounded by Neighborhoods such as Mid-City, Koreatown, West-Adams & Downtown- Harvard Heights is Becoming a Compelling Value-Proposition for Tenants who are Getting Priced out of These Neighboring Submarkets

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a five-unit apartment community located at 2707 West 14th Street. The subject property is located just south of Pico Boulevard and west of Normandie Avenue near Koreatown. Situated on a 6,506 square foot parcel, the property comprises of four one-bedroom units and a stand-alone three-bedroom house. All four of the front units will be delivered vacant allowing new ownership the opportunity to renovate and achieve additional rental premiums immediately. The back house is the only occupied unit and has been thoroughly renovated and is already achieving a market rental rate. The continued gentrification of the surrounding area along with the value-add potential for a new owner to immediately renovate and lease vacant units and achieve superior future returns moving forward makes 2707 West 14th Street an excellent acquisition opportunity.

Exclusively Listed By

Financing By

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