Courtesy of: Lyon Stahl Investment Real Estate, Inc.
Days On Market: 43
Year Build: 1929
Address: 2360 W Washington
County: Los Angeles
City: Los Angeles
Neighborhood: C16 - Mid Los Angeles
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.