2713 Darwin Ave, Los Angeles, CA 90031
4 Unit Apartment Building | $799,000 ($199,750/Unit) | Los Angeles, CA 90031
For Sale
Active
Asking Price $799,000
- Property Type
-
Multifamily
- Square Feet
- 2,967 SF
Listing Contacts
Edan Shalom
Property Overview
Opportunity Zone! 2713 Darwin Street is a 2,967 square foot, two-story asset situated on a 7,407 square foot lot. The offering
includes approved plans for an additional 3 ADUs: one 3 bedroom 2 bath unit, one 2 bedroom 1 bath unit, and a 1 bedroom 1 bath unit. There is plenty of space f or parking each unit as well as other amenities such as BBQ area or dog run.
This rare investment opportunity in the historic Lincoln Heights neighborhood is centrally located to Downtown Los Angeles Dodger Stadium, Lincoln Park, USC Medical Center, and LA State Historic Park. It is less than one mile to Lincoln High School, LA Leadership Academy, and Griffin Elementary School. Tenants enjoy easy access to the 110 and 10 freeways as well as the I-5.
An investor or builder will benefit from a stabilized income producing asset that, upon completion of the three ADU's will operate at a 7% CAP and with the possibility of over a 8% CAP rate by exercising a "cash-for-keys" strategy to completely renovate the existing 4 units to market rate.
includes approved plans for an additional 3 ADUs: one 3 bedroom 2 bath unit, one 2 bedroom 1 bath unit, and a 1 bedroom 1 bath unit. There is plenty of space f or parking each unit as well as other amenities such as BBQ area or dog run.
This rare investment opportunity in the historic Lincoln Heights neighborhood is centrally located to Downtown Los Angeles Dodger Stadium, Lincoln Park, USC Medical Center, and LA State Historic Park. It is less than one mile to Lincoln High School, LA Leadership Academy, and Griffin Elementary School. Tenants enjoy easy access to the 110 and 10 freeways as well as the I-5.
An investor or builder will benefit from a stabilized income producing asset that, upon completion of the three ADU's will operate at a 7% CAP and with the possibility of over a 8% CAP rate by exercising a "cash-for-keys" strategy to completely renovate the existing 4 units to market rate.
Property Details
- Class
- C
- Year Built
- 1913
- Stories
- 1
- Lot Size (sq. ft)
- 7,405 SF
- Units
- 4
Highlights
- Opportunity Zone Location
- 3 ADU's with approved plans RTI
- Stabilized 6.6% CAP upon completion of ADU's
- Potential to achieve 8.12% CAP at market
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