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Multifamily

2203 4th Avenue

2203 4th Ave, Los Angeles, CA 90018

Listing Price: $2,725,000

Cap Rate
6.00%
Number of Units
8
GRM
11.89
Price/Unit
$340,625
Price/Gross SF
$336.25
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 is comprised of four one-bedroom units and four two-bedroom units. Four of the units have private yards, two of the units have decks and two of the units have balconies. Current Ownership has extensively renovated 87% of the units with stainless steel kitchen appliances, quartz countertops, central AC/heat, new flooring, upgraded bathrooms, in unit wash & dryer, new windows & more. 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

  • Renovated with High End Finishes: Stainless Steel Kitchen Appliances, Quartz Countertops, New Flooring, Central AC & Heat, New Bathrooms, In Unit Washer & Dryer, New Windows and New Lighting
  • There are Four One-Bedroom Units and Four Two-Bedroom Unit with Spacious Floor Plans That Feature Yards, Decks, and Balconies
  • Bordering the Rapidly Gentrifying West Adams and Arlington Height Sub-Markets, Which Have Both Seen an Influx of New Developments and Nightlife

Exclusively Listed By

Financing By

Multifamily

2203 4th Avenue

Listing Price: $2,725,000

Cap Rate
6.00%
Number of Units
8
GRM
11.89
Price/Unit
$340,625
Price/Gross SF
$336.25
Gross SF
8,104

Investment Highlights

  • Renovated with High End Finishes: Stainless Steel Kitchen Appliances, Quartz Countertops, New Flooring, Central AC & Heat, New Bathrooms, In Unit Washer & Dryer, New Windows and New Lighting
  • There are Four One-Bedroom Units and Four Two-Bedroom Unit with Spacious Floor Plans That Feature Yards, Decks, and Balconies
  • Bordering the Rapidly Gentrifying West Adams and Arlington Height Sub-Markets, Which Have Both Seen an Influx of New Developments and Nightlife

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 is comprised of four one-bedroom units and four two-bedroom units. Four of the units have private yards, two of the units have decks and two of the units have balconies. Current Ownership has extensively renovated 87% of the units with stainless steel kitchen appliances, quartz countertops, central AC/heat, new flooring, upgraded bathrooms, in unit wash & dryer, new windows & more. 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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