Multifamily
1422-1426 West 10th Place
1422 W 10th Pl, Los Angeles, CA 90015
Listing Price: $800,000
Investment Overview
THE SUBJECT PROPERTY IS BEING SOLD ALONG WITH THE ADJACENT PROPERTY, 1416 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 six-unit apartment building, consisting of a duplex and fourplex on contiguous lots located at 1422-1426 West 10th Place. The subject property is located west of the 110 Freeway and south of Olympic Boulevard.
Situated on a 3,328 square foot parcel, the property is comprised of studios, one-bedroom, and two-bedroom units. The property has a significant value-add opportunity with 86% remaining rental upside through unit renovations.
1422-1426 West 10th Place presents investors a unique opportunity to acquire an asset with an attractive basis and multiple exit strategies. New ownership will have the opportunity to capitalize on the westward expansion and revitalization of the Downtown sub-market along with the potential to sell off each parcel individually.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
1422-1426 West 10th Place
Investment Highlights
- Located in a dense pocket approximately 0.7 miles from LA Live & Crypto Arena. With a walk score of 90, "walker's paradise" – daily errands do not require a car
- There is 86 percent remaining rental upside through interior renovations
- 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
- 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
Exclusively Listed By
Financing By
Listing Price: $800,000
Investment Highlights
- Located in a dense pocket approximately 0.7 miles from LA Live & Crypto Arena. With a walk score of 90, "walker's paradise" – daily errands do not require a car
- There is 86 percent remaining rental upside through interior renovations
- 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
- 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
Investment Overview
THE SUBJECT PROPERTY IS BEING SOLD ALONG WITH THE ADJACENT PROPERTY, 1416 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 six-unit apartment building, consisting of a duplex and fourplex on contiguous lots located at 1422-1426 West 10th Place. The subject property is located west of the 110 Freeway and south of Olympic Boulevard. Situated on a 3,328 square foot parcel, the property is comprised of studios, one-bedroom, and two-bedroom units. The property has a significant value-add opportunity with 86% remaining rental upside through unit renovations. 1422-1426 West 10th Place presents investors a unique opportunity to acquire an asset with an attractive basis and multiple exit strategies. New ownership will have the opportunity to capitalize on the westward expansion and revitalization of the Downtown sub-market along with the potential to sell off each parcel individually. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Exclusively Listed By
Financing By
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