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$1,995,000
Est. payment /mo
8,532 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,532 sqft
Price per Sqft $233
MLS Listing ID CL25501493
HOA Y/N No
Year Built 1925
Lot Size 5,530 Sqft
Acres 0.13
Property Sub-Type Other
Property Description
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. We are 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.
Location
State CA
County Los Angeles
Zoning LAR4
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5137013014
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Listed by Sean Rosenzweig • Marcus & Millichap