1818 Federal Ave., Los Angeles, CA 90025

FOR SALE
  • $2,200,000
  • 18 Days on site
  • Beds: 10
  • Baths: 8
  • Commercial Building
  • 4,677 sq ft
X

Description

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. The tenants enjoy the convenience of onsite laundry facility and close proximity to all the shops and popular restaurants on Sawtelle Blvd. Situated on a 5,645 +/- S. F. lot with an alley zoned LAR-3 suitable to develop luxury condominiums. With significant upside of approx. 39% 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. 4 out of 6 units can be raised 3% immediately. DO NOT DISTURB TENANTS. Drive by only. Shown with accepted offer.

  • MLS ID# 16-180810
  • Year Built: 1965
  • 18 Days on site
  • Commercial Building
  • Beds: 10
  • Baths: 8

Listing Details

Parking
Parking Space (8)
Cooling
Window Wall Unit
Heating
Gas

Local Info

Population
43,472
Median Household Income
$62,733
Median Years In Residence
8
Median Homeowner Age
34
Households with Children
30.30%
Percent of Homes Rented
74.33%

Nearby Elementary Schools

1730 Corinth Ave
1819 Sawtelle Blvd
1430 Federal Ave

Nearby Middle Schools

11811 Mississippi Ave
1430 Federal Ave
1640 S Sepulveda Blvd Ste 100

Nearby High Schools

11811 Mississippi Ave
1640 S Sepulveda Blvd Ste 100
11625 W Pico Blvd

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Property Contact Info

Listing Provided By: Charles Dunn West La
(310) 312-1800
Listing Agent: Ramin Gheitanchi

Need More Information?

Please fill out this form to request more photos or more information regarding this property.

We guarantee 100% privacy. Your information will not be shared with additional third parties.

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor`s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing.<br>Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.<br>The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.<br>CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS),CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).