Multifamily
1416 West 10th Place
1416 W 10th Pl, Los Angeles, CA 90015
Listing Price: $1,995,000
Investment Overview
THE SUBJECT PROPERTY IS BEING SOLD ALONG WITH THE ADJACENT PROPERTIES, 1422-1426 WEST 10TH PLACE. WHILE THE PROPERTIES MAY BE PURCHASED INDIVIDUALLY OR TOGETHER, A COMBINED SALE IS STRONGLY PREFERRED.
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 20-unit apartment community located at 1416 West 10th Place. The subject property is located west of the 110 Freeway and south of Olympic Boulevard.
The subject property is comprised of all studio units and has 39% remaining rental upside through unit renovations.
1416 West 10th Place presents investors the opportunity to acquire an asset with an attractive basis, and strong value-add component. New ownership will have the opportunity to capitalize on the westward expansion and revitalization of the Downtown sub-market.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
1416 West 10th Place
Investment Highlights
- There is 39 percent remaining rental upside through interior renovations
- Being offered at an attractive basis of $99,750 per unit
- Located in a dense pocket approximately 0.7 miles from LA Live & Crypto.com Arena. With a walk score of 90, "walker's paradise" – daily errands do not require a car
- The offering includes 1416 W. 10th Place along with 1422-1426 W. 10th Place, which consists of a duplex and a fourplex – allowing for multiple exit strategies to optimize returns and lower the overall project basis
- Located in close proximity to major venues in the "Downtown Sports Park" for the 2028 Summer Olympics in Los Angeles. Venues include the LA Coliseum, Crypto.com Arena, & BMO Stadium
Exclusively Listed By
Financing By
Listing Price: $1,995,000
Investment Highlights
- There is 39 percent remaining rental upside through interior renovations
- Being offered at an attractive basis of $99,750 per unit
- Located in a dense pocket approximately 0.7 miles from LA Live & Crypto.com Arena. With a walk score of 90, "walker's paradise" – daily errands do not require a car
- The offering includes 1416 W. 10th Place along with 1422-1426 W. 10th Place, which consists of a duplex and a fourplex – allowing for multiple exit strategies to optimize returns and lower the overall project basis
- Located in close proximity to major venues in the "Downtown Sports Park" for the 2028 Summer Olympics in Los Angeles. Venues include the LA Coliseum, Crypto.com Arena, & BMO Stadium
Investment Overview
THE SUBJECT PROPERTY IS BEING SOLD ALONG WITH THE ADJACENT PROPERTIES, 1422-1426 WEST 10TH PLACE. WHILE THE PROPERTIES MAY BE PURCHASED INDIVIDUALLY OR TOGETHER, A COMBINED SALE IS STRONGLY PREFERRED. The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 20-unit apartment community located at 1416 West 10th Place. The subject property is located west of the 110 Freeway and south of Olympic Boulevard. The subject property is comprised of all studio units and has 39% remaining rental upside through unit renovations. 1416 West 10th Place presents investors the opportunity to acquire an asset with an attractive basis, and strong value-add component. New ownership will have the opportunity to capitalize on the westward expansion and revitalization of the Downtown sub-market. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Exclusively Listed By
Financing By
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