2260-2262 W 15th St - Apartments FOR SALE


Los Angeles, CA 90006- Harvard Heights
$4,450,000 USD
818-448-4415
2260-2262 W 15th St, Los Angeles, CA for Sale
$4,450,000 USD
Apartments - FOR SALE
1/9
null | 7.84% Cap Rate

2260-2262 W 15th St
Los Angeles, CA 90006
Harvard Heights


HIGHLIGHTS

  • Amazing Co-Living Opportunity | Each Bedroom could Rent for At Least $1,375 per Bedroom
  • Each Bedroom has an On-Suite Bathroom | Fully Vacant Building
  • Option to Master Lease for Low Income Housing | No Rent Control | Built in 2022

OVERVIEW

Marcus & Millichap is pleased to present a 28 bedroom co-living multifamily investment opportunity at 2260-2262 West 15th Street in Los Angeles, California. The property is located just south of Pico Boulevard and east of Vermont Avenue. This fully vacant new construction property was completed in 2022 and is located in Pico Union adjacent to Koreatown and Downtown Los Angeles. Each bedroom has its own on-suite bathroom with a community kitchen and amenities. The property is split between two duplexes consisting of 7 bedroom and 7 bathrooms in each unit. An investor can rent each unit individually or master lease to a low income housing group. The property is also non rent controlled and has eight parking spaces. Some of the parking is garage parking that could be an easy ADU opportunity. 2260 – 2262 West 15th Street is an ideal co-living investment that would get a new investor to a pro forma 7.31% cap rate after lease up.

FOR SALE DETAILS

PRICE

$4,450,000 USD

PRICE/SF

$1,171 USD /SF

# OF UNITS

28

PRICE/UNIT

$158,929

CAP RATE

7.84%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,963 SF

ZONING

LAR3

APN/PARCEL ID

5056-006-014

ASK ABOUT THIS PROPERTY

Jason TuviaMarcus & MillichapMore Info
818-448-4415

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Jason TuviaMarcus & MillichapMore Info
818-448-4415

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