2939 Brighton Ave, Los Angeles, CA 90018
8 Unit Apartment Building | $1,650,000 ($206,250/Unit) | 5.83% Cap Rate | Los Angeles, CA 90018
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,650,000
- Property Type
-
Multifamily
- Square Feet
- 5,316 SF
Listing Contacts
Peter James
Verified Profile
Will James
Verified Profile
- Property Info
Property Overview
The James Group is pleased to present 2939 Brighton Ave in the trendy West Adams submarket of Los Angeles just south of Adams and west of Normandie Ave. The subject property is located on one of the more highly desirable streets in the West Adams area on a block consisting of mostly single family homes offering a quiet reprise in the middle of Los Angeles. The property features an excellent unit mix consisting of (4) 1 Bed / 1 Bath, (2) Studio / 1 Bath, and (1) 2 Bed / 2 Bath / Den units on a large 7,100 square foot lot. An investor will benefit from 2 vacancies in the building, which will allow them to capture top of the market rents with tenants being drawn to the recent influx of trendy new restaurants, cafes, and businesses along Adams.
Property Details
- Class
- C
- Year Built
- 1923
- Stories
- 3
- Lot Size (sq. ft)
- 6,970 SF
- Units
- 8
Highlights
- West Adams is the main amenity for tenants, It's walkable to restaurants and coffee shops including Vicky’s All Day, Mizlala, Mian, and many more
- Immediate access to upside with 2 current vacancies
- Spacious layouts with (4) 1 Bed / 1 Bath, (2) Studio / 1 Bath, (1) 2 Bed / 2 Bath / Den
- Quiet street away from the traffic and congestion, but central to freeway, businesses, trendy restaurants, shops, USC and Downtown LA
- 5.83% current cap rate offers strong in place cash flow with future upside potential
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].