3613 Hughes Ave - Apartments FOR SALE


Los Angeles, CA 90034- Palms
$1,600,000 USD
213-233-4392
3613 Hughes Ave, Los Angeles, CA for Sale
$1,600,000 USD
Apartments - FOR SALE
1/10
null | 4.17% Cap Rate

3613 Hughes Ave
Los Angeles, CA 90034
Palms


HIGHLIGHTS

  • Location Location Location!!!!!
  • All Two Bedroom Units.
  • Palms Neighborhood in the the West Los Angeles District.
  • Walk Score of 89.
  • One Unit Completely Rehab.
  • Two Units Delivered Vacant.

OVERVIEW

Luis Morales with RE/MAX Commercial & Investment Realty is excited to present the rare opportunity to acquire the Hughes Apartments, located in the highly sought-after Palms Neighborhood of West Los Angeles. This triplex consists of an appealing mix of three units, each featuring 2 bedrooms and 1 bathroom. The main house, constructed in 1924, showcases charming Spanish-style architecture. The rear duplex, built in 1964, consists of two mirrored, two-story units. Unit 3611 Hughes Ave has been completely renovated and boasts an open floor plan with all-new appliances. It's a must-see to truly appreciate its quality! Both the main house and the renovated unit will be delivered vacant upon the close of escrow, presenting an excellent opportunity for an owner-user. Additionally, the zoning is LAR3, which allows for the potential to maximize the land by building multiple units in this rapidly gentrifying area. The property's proximity to esteemed schools (Palms Elementary, Palms Middle School, and Alexander Hamilton High School), hospitals (Southern California Hospital at Culver City and Kaiser Permanente West Los Angeles Medical Center), public transportation (Palms Metro Light Rail Station), supermarkets (Vons and Trader Joe’s), and fitness centers (Equinox Culver City and Orangetheory Fitness) makes this an ideal investment opportunity!

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$617 USD /SF

# OF UNITS

3

PRICE/UNIT

$533,333

CAP RATE

4.17%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Hughes Ave Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,366 SF

ZONING

LAR3

APN/PARCEL ID

4313-008-003

ASK ABOUT THIS PROPERTY

Luis MoralesRE/MAX Commercial & Investment RealtyMore Info
213-233-4392

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Luis MoralesRE/MAX Commercial & Investment RealtyMore Info
213-233-4392

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