10743 Ohio Ave, Los Angeles, CA 90024
3 Unit Apartment Building Offered at $2,400,000 at a 2.34% Cap Rate in Los Angeles, CA 90024
For Sale
Active
8 pictures
Asking Price $2,400,000
- Property Type
-
Multifamily
- Square Feet
- 3,062 SF
Listing Contacts
Jim Gilb
Property Overview
This charming income property can be described simply as "very good real estate." Built in 1936 and loaded with old world charm, this character triplex is located in one of the best rental markets not only in Los Angeles but in all of Southern California. Buildings like this are rarely available for sale making this a real opportunity to acquire in a neighborhood with a high barrier to entry. Please don't let this opportunity pass you by. As an owner/user, this property makes sense as compared to SFR pricing in the immediate neighborhood. This triplex contains one - 1-bedroom+1-bath above the garage and two - 2-bedoom+1.25 bath (townhouse style) units. The townhouse units each have multiple entrances, a California basement, individual private patio and their own separate laundry area. Located in an area with a very diverse employment base with thousands of jobs in technology, entertainment, law, education, finance, public sector and government. The area is incredibly walkable with access to shops, boutiques and restaurants along Westwood/Santa Monica & Wilshire Boulevards. It is within close proximity to major freeways (the 10 & the 405) and is minutes by car to Beverly Hills and Westwood office buildings, UCLA, Brentwood, Santa Monica and Century City. It is also close to operational subway stations planed for Century City and along Wilshire Boulevard. Long term owner selling "As-Is" and intends to enter into a 1031 tax deferred exchange. Please do not walk on property or disturb tenants.
Property Details
- Year Built
- 1936
- Stories
- 2
- Units
- 3
Highlights
- 1-1+1 and 2- 2+1.25 Town House style. Town house units have CA basement, private patios, wood burning fireplaces and dining rooms.
- Quality A+ location near all that West LA has to offer. Minutes from Beverly Hills, Century City, UCLA, Brentwood & Santa Monica
- As a possible owner/user this triplex makes sense compared to SFR pricing in Westwood. Buildings like this rarely come on the market.
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