2904 W 14th St - Apartments FOR SALE


Los Angeles, CA 90006- Harvard Heights
$1,450,000 USD
213-943-1897
2904 W 14th St, Los Angeles, CA for Sale
$1,450,000 USD
Apartments - FOR SALE
1/12
null | 4.74% Cap Rate

2904 W 14th St
Los Angeles, CA 90006
Harvard Heights


HIGHLIGHTS

  • There is 57 percent remaining rental upside through interior renovations
  • Current ownership installed security cameras & replaced the roof in 2019
  • Bordered by Mid-City, Koreatown, West Adams, and DTLA, Harvard Heights offers a strong value proposition for tenants priced out of nearby submarkets
  • New ownership may add ADUs for future growth and appreciation—buyer to verify.
  • Located in a dense pocket of Harvard Heights. With a walk score of 93 ‘walker’s paradise’ – daily errands do not require a car
  • Family owned and operated for the last 36+ Years

OVERVIEW

The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 7-unit apartment community located at 2904 West 14th Street. The subject property is located just south of Pico Boulevard and east of Western Avenue near Koreatown. Situated on a 6,912 square foot parcel, the property is comprised of one bachelor, four one-bedrooms, one two-bedroom & one three-bedroom unit. Current ownership installed a brand-new roof in 2019 & installed security cameras on the property. There are washer/dryer hookups in all units besides the bachelor and the property features eight on-site parking spaces. The continued gentrification of the surrounding area along with the value-add potential for a new owner makes 2904 West 14th Street an excellent acquisition opportunity. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$338 USD /SF

# OF UNITS

7

PRICE/UNIT

$207,143

CAP RATE

4.74%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

A 7-Unit Value-Add Apartment Near Koreatown

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,912 SF

ZONING

R2-1-HPOZ

APN/PARCEL ID

5074-004-009

ASK ABOUT THIS PROPERTY

Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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