2713 Darwin Ave - Apartments FOR SALE


Los Angeles, CA 90031
$799,000 USD
213-261-4944
2713 Darwin Ave, Los Angeles, CA for Sale
$799,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

2713 Darwin Ave
Los Angeles, CA 90031


HIGHLIGHTS

  • Opportunity Zone Location
  • 3 ADU's with approved plans RTI
  • Stabilized 6.6% CAP upon completion of ADU's
  • Potential to achieve 8.12% CAP at market

OVERVIEW

Opportunity Zone! 2713 Darwin Street is a 2,967 square foot, two-story asset situated on a 7,407 square foot lot. The offering includes approved plans for an additional 3 ADUs: one 3 bedroom 2 bath unit, one 2 bedroom 1 bath unit, and a 1 bedroom 1 bath unit. There is plenty of space f or parking each unit as well as other amenities such as BBQ area or dog run. This rare investment opportunity in the historic Lincoln Heights neighborhood is centrally located to Downtown Los Angeles Dodger Stadium, Lincoln Park, USC Medical Center, and LA State Historic Park. It is less than one mile to Lincoln High School, LA Leadership Academy, and Griffin Elementary School. Tenants enjoy easy access to the 110 and 10 freeways as well as the I-5. An investor or builder will benefit from a stabilized income producing asset that, upon completion of the three ADU's will operate at a 7% CAP and with the possibility of over a 8% CAP rate by exercising a "cash-for-keys" strategy to completely renovate the existing 4 units to market rate.

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$269 USD /SF

# OF UNITS

4

PRICE/UNIT

$199,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1913

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,407 SF

ZONING

LARD2

APN/PARCEL ID

5210-010-018

ASK ABOUT THIS PROPERTY

Edan ShalomCentennial AdvisersMore Info
213-261-4944

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Edan ShalomCentennial AdvisersMore Info
213-261-4944

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