1422-1426 W 10th Pl - Apartments FOR SALE


Los Angeles, CA 90015- Pico-Union
$800,000 USD
213-943-1897
1422-1426 W 10th Pl, Los Angeles, CA for Sale
$800,000 USD
Apartments - FOR SALE
1/4
null | 3.68% Cap Rate

1422-1426 W 10th Pl
Los Angeles, CA 90015
Pico-Union


HIGHLIGHTS

  • Just 0.7 miles from LA Live & Crypto.com Arena, with a Walk Score of 90—daily errands require no car.
  • There is 82 percent remaining rental upside through interior renovations
  • Near major venues of the 2028 LA Olympics “Downtown Sports Park,” including LA Coliseum, Crypto.com Arena, and BMO Stadium
  • The offering includes 1416 and 1422-1426 W. 10th Place, featuring a duplex and fourplex, offering flexible exit strategies to optimize returns

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 and one-bedroom units. The property has a significant value-add opportunity with 82% 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.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$247 USD /SF

# OF UNITS

6

PRICE/UNIT

$133,333

CAP RATE

3.68%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 Units (Duplex + Fourplex) Near DTLA

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,986 SF

ZONING

LAR4

APN/PARCEL ID

5137-013-012,5137-013-013

ASK ABOUT THIS PROPERTY

Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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

Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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