2325 Ocean View Ave - Apartments FOR SALE


Los Angeles, CA 90057- MacArthur Park
$2,750,000 USD
310-742-9964
2325 Ocean View Ave, Los Angeles, CA for Sale
$2,750,000 USD
Apartments - FOR SALE
1/3
null | 4.57% Cap Rate

2325 Ocean View Ave
Los Angeles, CA 90057
MacArthur Park


HIGHLIGHTS

  • Compelling Value-Add with Average Rents of $1,062 Compared to $1,575 Pro Forma - 48% Upside
  • $115K Price Per Unit, 8.99 In-Place GRM.
  • Exceptional Accessibility to Major Employment Hubs.
  • Convenient Central Location Near Entertainment Districts.
  • Super Bowl, World Cup, and 2028 Olympics to Put Los Angeles on the World Stage

OVERVIEW

WDIS, Inc., as the exclusive advisor, is pleased to present Lane Manor (the “Property”) for sale a 24-unit 1920's-character apartment building. Residents enjoy premium walkability to the Metro B and D lines, offering seamless access to major employment hubs. This central location is also conveniently close to vibrant entertainment districts, including Downtown LA, Hollywood, and Koreatown, appealing to workforce tenants and young professionals alike.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$168 USD /SF

# OF UNITS

24

PRICE/UNIT

$114,583

CAP RATE

4.57%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lane Manor I 24-UNIT VALUE-ADD I $115K/UNIT

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1929

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,693 SF

ZONING

LAR3

APN/PARCEL ID

5154-036-004

ASK ABOUT THIS PROPERTY

Paul DarrowWalker & DunlopMore Info
310-742-9964

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Paul DarrowWalker & DunlopMore Info
310-742-9964

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