$ 3,350,000
-
$3,350,000
Price -
1
Bed -
3
Bath -
11,260
SqFt
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About the Listing CLW-X82195 - CLW-C138326
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.
Listing Highlights for 2360 W Washington Boulevard
Status
Active
Days on Site
195
Property Type
Multi-Family
MLS ®
25501903
Year Built
1929
Total Square Footage
11,260
Lot/Acreage
0.17
County
Los Angeles
Interior Details
- Bedrooms: 1
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: LAC2
- Roof:
- Others: 2+ Total Units
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5073028005
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Listing Location
Questions About..
2360 W Washington Boulevard Los Angeles, CA 90018
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