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Multifamily

2203 4th Ave

2203 4th Ave, Los Angeles, CA 90018

Listing Price: $3,195,000

Cap Rate
4.69%
Number of Units
8
Price/Unit
$399,375
Price/Gross SF
$394.25
Gross SF
8,104

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale an eight-unit apartment community located at 2203 4th Avenue. The subject property is located just south of Washington Boulevard bordering the desirable West Adams neighborhood to the south and the Arlington Heights sub-market to the north. Situated on a large 14,006 square foot parcel, the property comprises of four one-bedroom units and four two-bedroom units. Four of the units have patios, two of the units have decks and two of the units have balconies. Current Ownership has extensively renovated 87% of the units. The continued gentrification of the surrounding area along with large floor plans and quality renovations makes 2203 4th Avenue an excellent investment opportunity poised for long term healthy returns.

Investment Highlights

  • 87% of the Property is Renovated with High End Finishes, Including: Stainless Steel Kitchen Appliances, Quartz Countertops, New Flooring, Central AC &Heat, New Bathrooms, In Unit Washer & Dryer & more
  • There are Four One-Bedroom Units and Four Two-Bedroom Unit with Spacious Floor Plans That Feature Patios, Decks, and Balconies
  • The Subject Property Borders the Rapidly Gentrifying West Adams and Arlington Height Sub-Market Which Have Both Seen an Influx of New Developments and Nightlife
  • Situated on a 14,006 Square Foot Lot, the Subject Property is Aligned with the Evolving Needs of Today's Renters - Low Density, with Large Common Area Outdoor Space
  • New Ownership May Have an Opportunity to Add Additional Units Through the State's Favorable Accessory Dwelling Unit (ADU) Program- Allowing for Added Future Growth and Appreciation Potential (Buyer to Verify)

Exclusively Listed By

Financing By

Multifamily

2203 4th Ave

Listing Price: $3,195,000

Cap Rate
4.69%
Number of Units
8
Price/Unit
$399,375
Price/Gross SF
$394.25
Gross SF
8,104

Investment Highlights

  • 87% of the Property is Renovated with High End Finishes, Including: Stainless Steel Kitchen Appliances, Quartz Countertops, New Flooring, Central AC &Heat, New Bathrooms, In Unit Washer & Dryer & more
  • There are Four One-Bedroom Units and Four Two-Bedroom Unit with Spacious Floor Plans That Feature Patios, Decks, and Balconies
  • The Subject Property Borders the Rapidly Gentrifying West Adams and Arlington Height Sub-Market Which Have Both Seen an Influx of New Developments and Nightlife
  • Situated on a 14,006 Square Foot Lot, the Subject Property is Aligned with the Evolving Needs of Today's Renters - Low Density, with Large Common Area Outdoor Space
  • New Ownership May Have an Opportunity to Add Additional Units Through the State's Favorable Accessory Dwelling Unit (ADU) Program- Allowing for Added Future Growth and Appreciation Potential (Buyer to Verify)

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale an eight-unit apartment community located at 2203 4th Avenue. The subject property is located just south of Washington Boulevard bordering the desirable West Adams neighborhood to the south and the Arlington Heights sub-market to the north. Situated on a large 14,006 square foot parcel, the property comprises of four one-bedroom units and four two-bedroom units. Four of the units have patios, two of the units have decks and two of the units have balconies. Current Ownership has extensively renovated 87% of the units. The continued gentrification of the surrounding area along with large floor plans and quality renovations makes 2203 4th Avenue an excellent investment opportunity poised for long term healthy returns.

Exclusively Listed By

Financing By

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