2731 Beverly Blvd - Apartments FOR SALE


Los Angeles, CA 90057
$10,300,000 USD
310-466-0888
2731 Beverly Blvd, Los Angeles, CA for Sale
$10,300,000 USD
Apartments - FOR SALE
1/26
null | 6% Cap Rate

2731 Beverly Blvd
Los Angeles, CA 90057


HIGHLIGHTS

  • Fully Restored - New plumbing - waste lines- electric - sewer- roof - windows - lighting - flooring - bathrooms
  • Easy to manage - low maintenance- great on site manager.
  • Fantastic rental area - easy to rent units ranging from $1200 - $1700
  • Close to Downtown - Koreatown - East Hollywood - Echo Park and Silverlake

OVERVIEW

Gorgeous architecturally prominent 4 story building in the area referred to as "Rampart Village" that is quickly becoming the new Echo Park and Silverlake and minutes from Downtown LA. This property has undergone major renovations including new roof, new copper plumbing, new waste lines, updated electrical system, restored lobby and all common areas, updated windows, and thoughtfully renovated units. The units are large bachelors with full bathrooms and small kitchenettes. These units are bright with high ceilings and city views. Incredible lobby that welcomes the tenants . The units rent like hotcakes. This is the perfect "CASH FLOW" deal as all the heavy lifting is done. On site and off site management makes this an easy asset to handle with minimum maintenance. 65 units plus large ground floor retail /office/ live work space.

FOR SALE DETAILS

PRICE

$10,300,000 USD

PRICE/SF

$415 USD /SF

# OF UNITS

66

PRICE/UNIT

$156,061

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lafayette Hotel Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,826 SF

ZONING

LAC2

APN/PARCEL ID

5156-020-018

ASK ABOUT THIS PROPERTY

Alex GaluzKW CommercialMore Info
310-466-0888

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Alex GaluzKW CommercialMore Info
310-466-0888

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