1416 W 10th Pl - Apartments FOR SALE


Los Angeles, CA 90015- Pico-Union
$1,995,000 USD
213-943-1897
1416 W 10th Pl, Los Angeles, CA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/5
null | 5.82% Cap Rate

1416 W 10th Pl
Los Angeles, CA 90015
Pico-Union


HIGHLIGHTS

  • There is 39 percent remaining rental upside through interior renovations
  • Being offered at an attractive basis of $99,750 per unit
  • Just 0.7 miles from LA Live & Crypto.com Arena, with a Walk Score of 90—daily errands require no car
  • The offering includes 1416 and 1422-1426 W. 10th Place—a duplex and fourplex—offering multiple exit strategies to optimize returns
  • Near major venues of the 2028 LA Olympics “Downtown Sports Park,” including LA Coliseum, Crypto.com Arena, and BMO Stadium

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.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$234 USD /SF

# OF UNITS

20

PRICE/UNIT

$99,750

CAP RATE

5.82%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

20-Unit Near DTLA | $99,750 / Unit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,530 SF

ZONING

LAR4

APN/PARCEL ID

5137-013-014

ASK ABOUT THIS PROPERTY

Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.