1820 S. La Brea Avenue is a 6,261 square foot, fifteen-unit apartment building situated on a 5,802 square foot lot in Mid-City, just south of Venice Boulevard. The property offers immediate access to the I-10 Freeway and is centrally located near major Los Angeles employment hubs, retail corridors, dining, and… Read More entertainment.The building consists of fifteen studio units, thirteen of which have been recently renovated. Three units are in the process of being delivered vacant, providing additional flexibility for an investor. Nearly all tenants receive government-backed housing assistance, providing stable and reliable income. The property includes eight on-site parking spaces. Offered at a 9.20 GRM and 7.08% CAP rate, the asset provides strong in-place cash flow. Seismic retrofitting has been recently completed, minimizing near-term capital expenditure requirements.The property presents additional value-add potential, including a possible ADU opportunity and the potential for motel-use conversion (buyer to verify). This is a stabilized, income-generating asset located in a highly desirable rental submarket. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Yigal Fatirian 310-425-9838
Listing Snapshot
Days Online
38
Last Updated
Square Ft.
6,261
Lot Size
0.13 Acres
Year Built
1963
MLS Number
26653223
Additional Details
Building
Built in 1963, Living area: 6261.0, 1 building, 3 stories, Levels: MultiSplit
Heating
None
Income
Gross Income: $342,360, Net Operating Income: $223,020
Laundry
None
Lot
0.1332 acres, Dimensions: 40x145
Parking
8 total parking spaces, Carport, Driveway
Taxes
Parcel Number: 5067013025, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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