$1,200,000

2323 Wall Street, Los Angeles 90011

11

Beds

5

Baths

4,530

Square feet

7,502

Lot Size

5

# Of Units

Listing Agent
Sean Rosenzweig - Marcus & Millichap

We are pleased to offer for sale a five-unit apartment community located at 2323 Wall Street. The subject property is conveniently located just south of the 10 Freeway within the dense South Los Angeles Sub-Market. South Los Angeles, nestled south of downtown, is a dynamic urban neighborhood where diverse cultures intermingle, creating a rich mosaic of traditions and experiences. South LA's strong sense of community shines through at local parks and venues, while recent urban revitalization efforts have brought new businesses and dining options. Situated on a 7,500 square foot parcel, the property is comprised of two-bedroom and three-bedroom units (buyer to verify unit configuration). There is 25% rental upside through interior renovations. Two units will be delivered vacant allowing new ownership to immediately renovate in order to achieve market rental rates. Ownership is only responsible for paying water utilities, tenants pay gas & electric. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate units and achieve superior future returns moving forward makes 2323 Wall Street an excellent acquisition opportunity. ***BUYER TO VERIFY UNIT CONFIGURATION***

Facts & Features

MLS® # 23337483
Price $1,200,000
Bedrooms 11
Bathrooms 5.00
Square Footage 4,530
Lot Size 7,502
Year Built 1903
Type Residential Income
Status Active
# Of Units 5

Community Information

Address 2323 Wall Street
Area C42 - Downtown L.A.
City Los Angeles
County Los Angeles
Zip Code 90011

Amenities

Parking Spaces 4
Parking None
Garages None
Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No
# of Stories 2
Stories Two

Additional Information

Date Listed December 5th, 2023
Days on Market 167
Zoning LARD2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentSean Rosenzweig
OfficeMarcus & Millichap

Listing Map

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