2360 W Washington Boulevard,Los Angeles, CA 90018
Los Angeles, CA 90018
Description
This value-add opportunity consists of 17 residential units and 3 ground-floor retail spaces, offering a diverse income stream in an area with strong rental demand. The residential units provide a balanced mix of studios, one-bedrooms, and a bachelor unit, while the retail spaces benefit from high foot traffic and strong visibility on a major commercial corridor. Two separate parcels so no onsite management is needed. Positioned in Arlington Heights, a historic and evolving neighborhood, the property is surrounded by retail shops, restaurants, entertainment venues, and art galleries. Its strategic location, coupled with proximity to major transit routes and employment hubs, ensures consistent tenant demand and long-term rental stability. For investors, 2360 W Washington Blvd presents an immediate opportunity to enhance returns, with current rents operating 26% below market levels. By optimizing lease structures and implementing value-add strategies, investors can increase NOI from $250,189.66 to $324,247.68, achieving a potential cap rate of 9.68%. With a competitive price per square foot this property offers both strong cash flow and long-term appreciation potential in one of Los Angeles' most supply-constrained submarkets.
Details
| MLS # | 25501903 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1929 |
| Days On Site | 141 |
| Listing Provided By | Lyon Stahl Investment Real Estate, Inc. | Taylor Avakian |
Features
| Bed(s) | 16 |
|---|---|
| Bath(s) | 17 |
| SQ Feet | 11,260 |
| Story(s) | 2 |
| Units | 20 |
| Building(s) | 2 |
| Zoning | LAC2 |
| Acreage | 0.17 |
Interior
| Cooling | None |
|---|---|
| Heating | None |
| Heating Yes / No | No |
| Cooling Yes / No | No |
Parking
| Parking Features | None |
|---|
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90018 |
| Area | C16 Mid Los Angeles |
