2625 Chariton St - Apartments FOR SALE


Los Angeles, CA 90034- West Los Angeles
$2,250,000 USD
818-231-9207
2625 Chariton St, Los Angeles, CA for Sale
$2,250,000 USD
Apartments - FOR SALE
1/10
null | 4.48% Cap Rate

2625 Chariton St
Los Angeles, CA 90034
West Los Angeles


HIGHLIGHTS

  • Fully remodeled 4-unit building with modern updates
  • Large open space can be utilized in so many ways-see site plan in docs
  • RTI Plans for 2 additional units
  • Value-Add Opportunity

OVERVIEW

Value-Add Opportunity! Renovated Four-Unit Property with RTI's for Two Additional Units! This beautifully renovated four-unit property offers a rare chance to own a prime piece of real estate with Ready-to-Issue (RTI) permits for two additional units. Each of the existing four units features 2 bedrooms and 1 bath, and has undergone an extensive overhaul, including: * New plumbing and electrical systems * State-of-the-art heating and A/C * Tankless water heaters * New doors, windows, and flooring Every unit is equipped with in-unit washer and dryer, dishwasher, stove, oven, microwave, and refrigerator. The property also includes off-street parking and separately metered gas and electricity for each unit. The approved plans are for two additional units at the rear of the property: one 1-bedroom, 1-bath unit and one 2-bedroom, 1-bath unit, offering excellent value-add potential. Current rents already deliver strong returns, and with one vacant unit, there’s an opportunity for owner occupancy or increased rental income. Future Development Options: 1. Remove the Existing Garage: Option to open up area for additional parking spaces 2. Modify Plans for Grade-Level Parking Underneath New Construction: Build the additional units above, with parking underneath to optimize space. 3. Leave As Is: The new owner has the flexibility to build the two units when ready. The large, underutilized space behind the existing garage provides an incredible opportunity to increase the property's value. With these options, the property offers both immediate and future returns. For more information or to schedule a viewing, please contact:?Jill Fischer: 818-231-9207?Jeffrey Politz: 310-850-1500

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$652 USD /SF

# OF UNITS

4

PRICE/UNIT

$562,500

CAP RATE

4.48%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

LAR3

APN/PARCEL ID

5065-010-025

ASK ABOUT THIS PROPERTY

Jill FischerJill Fischer PropertiesMore Info
818-231-9207

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Jill FischerJill Fischer PropertiesMore Info
818-231-9207

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