Multifamily
2222 West 15th Street
2222 W 15th St, Los Angeles, CA 90006
Listing Price: $3,500,000
Investment Overview
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 29-unit apartment community located at 2222 West 15th Street. Positioned just south of Pico Boulevard and west of Hoover Street, the property sits on the southern edge of Koreatown — a vibrant, culturally rich neighborhood known for its historic charm, diversity, and central Los Angeles location.
Residents benefit from convenient access to Downtown LA, Hollywood, and the Westside via major freeways and Metro lines. The surrounding area is highly walkable and offers a mix of shopping, global restaurants, local cafes, Korean spas, and nightlife.
Situated on a 7,504-square-foot lot, the building comprises 17 studio units and 12 one-bedroom units. With approximately 38% rental upside, there is significant potential to increase revenue through interior unit renovations. Additionally, the property is separately metered for gas and electricity.
2222 West 15th Street represents a compelling value-add opportunity in a high-demand, infill Los Angeles submarket. Continued neighborhood revitalization combined with the potential for increased rental income makes this an outstanding investment for multifamily investors.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
2222 West 15th Street
Investment Highlights
- A unique opportunity for investors seeking a strategic entry or expansion in Koreatown/Central Los Angeles. Average transaction size in the 90006-zip code is 13 units over the last five years
- The 2028 LA Summer Games are expected to drive real estate growth through upgrades to infrastructure, neighborhoods, and major venues
- Bordered by Koreatown, Arlington Heights, and Country Club Park, this location offers strong value for tenants priced out of nearby submarkets
- Property has been owned & operated for the last 11 years, offering operational stability and a clear track record
- There is 38 percent remaining upside through interior renovations, providing a clear path to increased revenue for investors with a value-add strategy
Exclusively Listed By
Financing By
Listing Price: $3,500,000
Investment Highlights
- A unique opportunity for investors seeking a strategic entry or expansion in Koreatown/Central Los Angeles. Average transaction size in the 90006-zip code is 13 units over the last five years
- The 2028 LA Summer Games are expected to drive real estate growth through upgrades to infrastructure, neighborhoods, and major venues
- Bordered by Koreatown, Arlington Heights, and Country Club Park, this location offers strong value for tenants priced out of nearby submarkets
- Property has been owned & operated for the last 11 years, offering operational stability and a clear track record
- There is 38 percent remaining upside through interior renovations, providing a clear path to increased revenue for investors with a value-add strategy
Investment Overview
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 29-unit apartment community located at 2222 West 15th Street. Positioned just south of Pico Boulevard and west of Hoover Street, the property sits on the southern edge of Koreatown — a vibrant, culturally rich neighborhood known for its historic charm, diversity, and central Los Angeles location. Residents benefit from convenient access to Downtown LA, Hollywood, and the Westside via major freeways and Metro lines. The surrounding area is highly walkable and offers a mix of shopping, global restaurants, local cafes, Korean spas, and nightlife. Situated on a 7,504-square-foot lot, the building comprises 17 studio units and 12 one-bedroom units. With approximately 38% rental upside, there is significant potential to increase revenue through interior unit renovations. Additionally, the property is separately metered for gas and electricity. 2222 West 15th Street represents a compelling value-add opportunity in a high-demand, infill Los Angeles submarket. Continued neighborhood revitalization combined with the potential for increased rental income makes this an outstanding investment for multifamily investors. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Exclusively Listed By
Financing By
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