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We are pleased to present 2360 W. Washington Blvd in the Arlington Heights neighborhood in Mid-City Los Angeles. This unique offering is a Mixed-Use building offering 17 apartment units and 3 storefront retail spaces on the ground level. 16 of the 17 apartment units have been renovated offering a mostly turn-key investment with a strong in place cash flow with a going in cap rate of 5.43%. The apartment portion of the building offers a great unit mix consisting of (13) Studio/1 Bath units, (3) 1 Bed/1Bath, and (1) Bachelor unit. The three storefront retail units are on month-to-month leases and offers a new investor the opportunity to increase the return by bringing these rents to a market rate. Tenants have the opportunity to apply for permit parking with the City of Los Angeles allowing them to park in the surrounding neighborhood at a very reasonable rate.
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Listing Agent: William James Courtesy of: Lyon Stahl Investment Real Estate, Inc. The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 18th August, 2022 4:00 PM (UTC)