Los Angeles, CA 90018,2360 W Washington Blvd
Los Angeles, CA 90018,2360 W Washington Blvd
Los Angeles, CA 90018,2360 W Washington Blvd
Los Angeles, CA 90018,2360 W Washington Blvd
Los Angeles, CA 90018,2360 W Washington Blvd
Los Angeles, CA 90018,2360 W Washington Blvd
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$ 3,350,000
Est. payment | /mo

16 Beds

17 Baths

11,260 SqFt


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$ 3,350,000
Est. payment | /mo
Save

16 Beds

17 Baths

11,260 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,260 sqft

Price per Sqft $297

MLS Listing ID 25501903

Bedrooms 16

Year Built 1929

Lot Size 7,510 Sqft

Acres 0.1724

Property Sub-Type Multi-Family

Property 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.

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LAC2

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Parking Features None

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.
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2360 W Washington Blvd