1818 Federal Avenue, Los Angeles, CA 90025

$2,350,000 Approx. USD 10 beds, 8 baths
4,677 sqft

Agent Remarks

CONTACT BROKER FOR FULL MARKETING PACKAGE. Prime West LA location turnkey 6-unit apartment building with huge upside in rents. Property features an excellent mix of 2-singles, 1-one bedroom one bath, 2-two bedroom two bath units and 1-three bedroom two bath unit suitable for an owner user. The property is separately metered for gas and electricity minimizing the owner's expenses and a laundry room for additional income. Situated on a 5,645 +/- S.F. lot with an alley zoned LAR-3 suitable to develop luxury condominiums. With significant upside of approx. 48% in rents, a savvy investor will be able to increase the cash flow of the property and add value to the asset by increasing the rents as the units turnover. 5 out of 6 units can be raised 3% immediately. DO NOT DISTURB TENANTS, Drive by only. Shown with accepted offer.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 16-153870
List price is $2,350,000
Beds: 10
Baths: 8
Built in 1965
4,677 sqft
2 Story stories
County: Los Angeles
Zoning: LAR3
Parking type: Carport Attached
Interior features: Other
Heating description: Wall Gas
MLS area: West Los Angeles (WLA)

Last Updated: 9/20/2016

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This listing belongs to the West Los Angeles (WLA) MLS area

The listing is zoned LAR3.
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Lat/Long: 34.040779, -118.450188.
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Broker: Courtesy of Charles Dunn West La
Listing Agent: Ramin Gheitanchi

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