2533 Ocean View Ave - Apartments FOR SALE


Los Angeles, CA 90057- MacArthur Park
$3,600,000 USD
310-742-9964
2533 Ocean View Ave, Los Angeles, CA for Sale
$3,600,000 USD
Apartments - FOR SALE
1/2
null | 6.11% Cap Rate

2533 Ocean View Ave
Los Angeles, CA 90057
MacArthur Park


HIGHLIGHTS

  • Compelling Value-Add with Average Rents of $1,208 Compared to $1,517 Pro Forma - 26% Upside.
  • $120K Price Per Unit, 8.28 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 Monte Vista (the “Property”) for sale a 30-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

$3,600,000 USD

PRICE/SF

$147 USD /SF

# OF UNITS

30

PRICE/UNIT

$120,000

CAP RATE

6.11%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MONTE VISTA I 30-UNIT VALUE ADD I $120K/UNIT

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,854 SF

ZONING

LAR3

APN/PARCEL ID

5155-030-009

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.