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Multifamily

1746 S La Brea Ave

1746 S La Brea Ave, Los Angeles, CA 90019

Listing Price: $1,500,000

Cap Rate
3.27%
Number of Units
6
Price/Unit
$250,000
Price/Gross SF
$305.06
Gross SF
4,917

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1746 South La Brea Avenue, a six-unit apartment community in Mid-City. 1746 South La Brea Avenue is situated just south of Venice Boulevard within the Mid-City submarket in a dense infill pocket of Los Angeles. The well-maintained property built in 1958 consists of two one-bedroom units and four two-bedroom unit. Its 5,796 square foot lot is located within a highly desirable pocket of Mid-City Los Angeles. It is walking distance to the main intersection of La Brea Avenue & San Vicente Boulevard providing convenient access to daily errands, retail and entertainment venues. The property features nine on-site parking spots (five covered & four uncovered).The continued gentrification of the surrounding area along with the remaining value-add potential for a new owner to renovate the building to achieve superior future returns moving forward makes 1746 South La Brea Avenue an excellent investment opportunity.

Investment Highlights

  • 74 Percent Remaining Rental Upside Through Capital Improvements and Interior Renovations to all 6 Units
  • One Unit will be Delivered Vacant Allowing New Ownership the Opportunity to Immediately Renovate and Achieve Market Rent
  • Current Ownership has Operated the Property since 2002
  • R3 Zoning With an Opportunity to Add Additional Units Through the State's Favorable Accessory Dwelling Unit (ADU) Program - Allowing for Added Future Growth and Appreciation Potential
  • Building is Located within Mid-City Opportunity Zone
  • With a Walk Score of 84 "Very Walkable" - Most Errands Can Be Accomplished on Foot

Exclusively Listed By

Financing By

Multifamily

1746 S La Brea Ave

Listing Price: $1,500,000

Cap Rate
3.27%
Number of Units
6
Price/Unit
$250,000
Price/Gross SF
$305.06
Gross SF
4,917

Investment Highlights

  • 74 Percent Remaining Rental Upside Through Capital Improvements and Interior Renovations to all 6 Units
  • One Unit will be Delivered Vacant Allowing New Ownership the Opportunity to Immediately Renovate and Achieve Market Rent
  • Current Ownership has Operated the Property since 2002
  • R3 Zoning With an Opportunity to Add Additional Units Through the State's Favorable Accessory Dwelling Unit (ADU) Program - Allowing for Added Future Growth and Appreciation Potential
  • Building is Located within Mid-City Opportunity Zone
  • With a Walk Score of 84 "Very Walkable" - Most Errands Can Be Accomplished on Foot

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1746 South La Brea Avenue, a six-unit apartment community in Mid-City. 1746 South La Brea Avenue is situated just south of Venice Boulevard within the Mid-City submarket in a dense infill pocket of Los Angeles. The well-maintained property built in 1958 consists of two one-bedroom units and four two-bedroom unit. Its 5,796 square foot lot is located within a highly desirable pocket of Mid-City Los Angeles. It is walking distance to the main intersection of La Brea Avenue & San Vicente Boulevard providing convenient access to daily errands, retail and entertainment venues. The property features nine on-site parking spots (five covered & four uncovered).The continued gentrification of the surrounding area along with the remaining value-add potential for a new owner to renovate the building to achieve superior future returns moving forward makes 1746 South La Brea Avenue an excellent investment opportunity.

Exclusively Listed By

Financing By

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