For Sale
2325 5th Avenue, Los Angeles, CA 90018
  • $2,300,000
  • $385

Overview

Property ID: HZ5377068
  • Residential Income
  • Property Type
  • 11
  • Bedrooms
  • 8
  • Bathrooms
  • 5978.00
  • Sqft
  • 1964
  • Year Built

Description

I am pleased to present the opportunity to acquire an eight-unit apartment community situated in the Jefferson Park sub-market on the Border of West Adams, located at 2325 5th Avenue. The property is situated on a 6,674 square foot parcel and comprises of five one-bedroom units and three two-bedroom units. The property boasts ample parking with a total of 15 spaces for eight units. Moreover, there is 35% remaining rental upside through interior renovations, making it a value-add opportunity for potential buyers. Current ownership also completed all soft-story retrofit requirements in 2020. The building is constructed of wood frame and stucco that has been attentively maintained by the current ownership. The property is located on a quiet street that features mostly single-family residences, duplexes, and four-unit buildings, with only one other 5+ unit building on the block. The immediate area is undergoing significant gentrification, with numerous new developments and renovations taking place, making it a prime location for real estate investment. Overall, 2325 5th Avenue offers an exceptional opportunity for investors to acquire a property with significant value-add potential, ample parking, and a desirable location in a dense pocket of Los Angeles.

  • Address 2325 5th Avenue
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90018
  • Area C16 - Mid Los Angeles
  • Country United States

Details

Updated on April 8, 2023 at 12:57 am
  • Property ID: HZ5377068
  • Price: $2,300,000
  • Property Size: 5978.00 Sqft
  • Land Area: 6674.00 Sqft
  • Bedrooms: 11
  • Bathrooms: 8
  • Year Built: 1964
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 5978.00
  • Living Area Prefix: Sqft
  • MLS#: 23253729
  • Office Name: MARCUS & MILLICHAP
  • Agent Name: Sean Rosenzweig
  • MLS Status: Active
  • Agent State License: 01406343

Additional details

  • County: Los Angeles
  • Parking: 15.00

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Lianna Shahinyan
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