$2,950,000
1416 W 10th Place, Los Angeles, CA 90015
11,770
Square feet
9,490
Lot Size
26
# Of Units
Listing Agent
Guillermo Ma - Exp Commercial of California, Inc.For sale: 3 contiguous properties consisting of 26 units located at 1416-1424 W 10th Place. The properties are located in the highly desirable Downtown L.A. submarket within just a few blocks from L.A. Live and Crypto.com Arena.In total, the properties are comprised of 22 singles, 3 one-bedrooms, and 1 two-bedroom unit. Among other improvements, the electrical system and wiring were replaced, an upgrade to copper plumbing, the structural foundation was reinforced, and 8 units have been completely remodeled.The opportunity is there for investors to capture 70% upside in rental income by implementing a proven value-add strategy on the remaining unrenovated units.
Facts & Features
| MLS® # | 23273277 |
|---|---|
| Price | $2,950,000 |
| Bathrooms | 0.00 |
| Square Footage | 11,770 |
| Lot Size | 9,490 |
| Year Built | 1925 |
| Type | Residential Income |
| Status | Active |
| # Of Units | 26 |
Community Information
| Address | 1416 W 10th Place |
|---|---|
| Area | C42 - Downtown L.A. |
| City | Los Angeles |
| County | Los Angeles |
| State | CA |
| Zip Code | 90015 |
Amenities
| Parking | None |
|---|---|
| Garages | None |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Tile, Wood |
|---|---|
| Appliances | Refrigerator |
| Heating | Central |
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
Additional Information
| Date Listed | May 23rd, 2023 |
|---|---|
| Days on Market | 7 |
| Zoning | LAR4 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
Listing Details
| Agent | Guillermo Ma |
|---|---|
| Office | Exp Commercial of California, Inc. |