Multifamily
2904 West 14th Street
2904 W 14th St, Los Angeles, CA 90006
Listing Price: $1,450,000
Investment Overview
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 7-unit apartment community located at 2904 West 14th Street. The subject property is located just south of Pico Boulevard and east of Western Avenue near Koreatown.
Situated on a 6,912 square foot parcel, the property is comprised of one bachelor, four one-bedrooms, one two-bedroom & one three-bedroom unit. Current ownership installed a brand-new roof in 2019 & installed security cameras on the property. There are washer/dryer hookups in all units besides the bachelor and the property features eight on-site parking spaces.
The continued gentrification of the surrounding area along with the value-add potential for a new owner makes 2904 West 14th Street an excellent acquisition opportunity.
2904 West 14th Street
Investment Highlights
- There is 57 percent remaining rental upside through interior renovations
- Current ownership installed security cameras & replaced the roof in 2019
- Surrounded by Mid-City, Koreatown, West Adams, and Downtown, Harvard Heights is emerging as an attractive option for tenants priced out of these nearby areas.
- New ownership has potential to add accessory dwelling units (ADU) to the property allowing for added future growth and appreciation potential – buyer to verify
- Located in a dense pocket of Harvard Heights. With a walk score of 93 'walker's paradise' – daily errands do not require a car. Residents enjoy convenient access to employment centers, retail, and entertainment From Koreatown, Downtown, & Miracle Mile
- Family owned and operated for the last 36+ Years
Exclusively Listed By
Financing By
Listing Price: $1,450,000
Investment Highlights
- There is 57 percent remaining rental upside through interior renovations
- Current ownership installed security cameras & replaced the roof in 2019
- Surrounded by Mid-City, Koreatown, West Adams, and Downtown, Harvard Heights is emerging as an attractive option for tenants priced out of these nearby areas.
- New ownership has potential to add accessory dwelling units (ADU) to the property allowing for added future growth and appreciation potential – buyer to verify
- Located in a dense pocket of Harvard Heights. With a walk score of 93 'walker's paradise' – daily errands do not require a car. Residents enjoy convenient access to employment centers, retail, and entertainment From Koreatown, Downtown, & Miracle Mile
- Family owned and operated for the last 36+ Years
Investment Overview
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS. The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 7-unit apartment community located at 2904 West 14th Street. The subject property is located just south of Pico Boulevard and east of Western Avenue near Koreatown. Situated on a 6,912 square foot parcel, the property is comprised of one bachelor, four one-bedrooms, one two-bedroom & one three-bedroom unit. Current ownership installed a brand-new roof in 2019 & installed security cameras on the property. There are washer/dryer hookups in all units besides the bachelor and the property features eight on-site parking spaces. The continued gentrification of the surrounding area along with the value-add potential for a new owner makes 2904 West 14th Street an excellent acquisition opportunity.
Exclusively Listed By
Financing By
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