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Multifamily

2260-2262 W 15th Street

2260 W 15th St, Los Angeles, CA 90006

Listing Price: $4,450,000

Cap Rate
7.84%
GRM
9.63

Investment Overview

Marcus & Millichap is pleased to present a 28 bedroom co-living multifamily investment opportunity at 2260-2262 West 15th Street in Los Angeles, California. The property is located just south of Pico Boulevard and east of Vermont Avenue.
This fully vacant new construction property was completed in 2022 and is located in Pico Union adjacent to Koreatown and Downtown Los Angeles. Each bedroom has its own on-suite bathr oom with a
community kitchen and amenities.
The property is split between two duplexes consisting of seven bedroom and seven bathrooms in each unit. An investor can rent each unit individually or master lease to a low income ho using group. The property is also non rent controlled and has eight parking spaces. Some of the parking is garage parking that could be an easy ADU opportunity.
2260 – 2262 West 15th Street is an ideal co-living investment that would get a new investor to a pro forma 7.31 percent cap rate after lease up.

Investment Highlights

  • Amazing Co-Living Opportunity | Each Bedroom could Rent for At Least $1,375 per Bedroom
  • Each Bedroom has an On-Suite Bathroom | Fully Vacant Building
  • Option to Master Lease for Low Income Housing | No Rent Control | Built in 2022

Exclusively Listed By

Financing By

Multifamily

2260-2262 W 15th Street

Investment Highlights

  • Amazing Co-Living Opportunity | Each Bedroom could Rent for At Least $1,375 per Bedroom
  • Each Bedroom has an On-Suite Bathroom | Fully Vacant Building
  • Option to Master Lease for Low Income Housing | No Rent Control | Built in 2022

Investment Overview

Marcus & Millichap is pleased to present a 28 bedroom co-living multifamily investment opportunity at 2260-2262 West 15th Street in Los Angeles, California. The property is located just south of Pico Boulevard and east of Vermont Avenue. This fully vacant new construction property was completed in 2022 and is located in Pico Union adjacent to Koreatown and Downtown Los Angeles. Each bedroom has its own on-suite bathr oom with a community kitchen and amenities. The property is split between two duplexes consisting of seven bedroom and seven bathrooms in each unit. An investor can rent each unit individually or master lease to a low income ho using group. The property is also non rent controlled and has eight parking spaces. Some of the parking is garage parking that could be an easy ADU opportunity. 2260 – 2262 West 15th Street is an ideal co-living investment that would get a new investor to a pro forma 7.31 percent cap rate after lease up.

Exclusively Listed By

Financing By

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