2360 W Washington Boulevard

Los Angeles, CA 90018

  • 16 Bed(s)
  • 0 Bath(s)
  • 11,260 Sqft
  • 7510
    Sqft(Lot)
$3,500,000

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 $234,391 to $325,558, achieving a potential cap rate of 9.30%. 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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48684686

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Property Details

  • Bedroom Information

    • Total Bedrooms : 16

    Bathroom Information

    • Total Baths: 17
    • Full Baths: 0
    • Half Baths: 0

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • None
    • Has Heating

  • Building Information

    • Year Built: 1929
    • Building Area Total: 11,260

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1724
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 7510

  • Listing Price Information

    • Original List Price: 3,500,000
    • Listing Contract Date: 2025-02-22

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 5073028005

  • Garage and Parking

    • Garage Description: None

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C16 - Mid Los Angeles
    • Postal Code Plus 4: 1448
    • Directions: On Washington and S Gramercy Place
    • Zoning: LAC2
    • Source Property Type: Residential Income
    • Area: C16 - Mid Los Angeles

    Building and Construction

    • Property Age: 96
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 11260
    • Levels or Stories: Multi/Split
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BuyOwner last updated this listing 02/25/2025 @ 06:11

  • MLS: 25501903
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 16 bedrooms which is for sale, it has 11,260 sqft, 7,510 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Los Angeles , in zip code 90018, this Los Angeles County Home are nearby neighborhoods.