Multifamily
2951 Francis Ave
2951 Francis Ave, Los Angeles, CA 90005
Listing Price: $2,750,000
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a four-unit fully renovated apartment community located at 2951 Francis Avenue. The subject property is located just south of 8th Street within the desirable Koreatown sub-market.
Situated on a 6,751 square foot parcel, the property is comprised entirely of three-bedroom units. New ownership has the ability to add two accessory dwelling units (ADU’s), for a two-bedroom and one-bedroom unit. Permits will be delivered RTI prior to close of escrow. Current Ownership has extensively renovated all units with stainless-steel kitchen appliances, new flooring, in unit washer/ dryers, AC systems in each bedroom & more.
The continued gentrification of the surrounding area along with the rare opportunity to acquire a fully rehabbed, luxury apartment community with a healthy income stream makes 2951 Francis Avenue an excellent acquisition opportunity.
2951 Francis Ave
Investment Highlights
- New Ownership can Add Two Accessory Dwelling Units (ADU's) to the Property Allowing for Added Future Growth & Appreciation Potential – Permits will be Delivered RTI Prior to Close of Escrow
- Current Ownership has Fully Renovated 100% of Units with New Flooring, Stainless-Steel Kitchen Appliances, In Unit Washer/Dryers, Personal AC Systems for each Bedroom, & More
- Property is Located in a Highly Sought After Pocket of Koreatown. With a Walk Score of 96 'Walker's Paradise' – Daily Errands do not Require a Car. Residents Enjoy Convenient Access to Employment Cent
- Current Ownership Has Attentively Maintained the Property Which Has Very Little Deferred Maintenance
Exclusively Listed By
Financing By
Listing Price: $2,750,000
Investment Highlights
- New Ownership can Add Two Accessory Dwelling Units (ADU's) to the Property Allowing for Added Future Growth & Appreciation Potential – Permits will be Delivered RTI Prior to Close of Escrow
- Current Ownership has Fully Renovated 100% of Units with New Flooring, Stainless-Steel Kitchen Appliances, In Unit Washer/Dryers, Personal AC Systems for each Bedroom, & More
- Property is Located in a Highly Sought After Pocket of Koreatown. With a Walk Score of 96 'Walker's Paradise' – Daily Errands do not Require a Car. Residents Enjoy Convenient Access to Employment Cent
- Current Ownership Has Attentively Maintained the Property Which Has Very Little Deferred Maintenance
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a four-unit fully renovated apartment community located at 2951 Francis Avenue. The subject property is located just south of 8th Street within the desirable Koreatown sub-market. Situated on a 6,751 square foot parcel, the property is comprised entirely of three-bedroom units. New ownership has the ability to add two accessory dwelling units (ADU’s), for a two-bedroom and one-bedroom unit. Permits will be delivered RTI prior to close of escrow. Current Ownership has extensively renovated all units with stainless-steel kitchen appliances, new flooring, in unit washer/ dryers, AC systems in each bedroom & more. The continued gentrification of the surrounding area along with the rare opportunity to acquire a fully rehabbed, luxury apartment community with a healthy income stream makes 2951 Francis Avenue an excellent acquisition opportunity.
Exclusively Listed By
Financing By
