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Listing Courtesy Of: Marcus & Millichap, 310-909-5500, Sean Rosenzweig
Listing Sold By: Marcus & Millichap
Local Realty Services Provided By: Keller Williams Realty Larchmont
US / CA / Los Angeles / Arlington Heights / 1714 3rd Ave
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US / CA / Los Angeles / Arlington Heights / 1714 3rd Ave
Undisclosed Price
1714 3rd Ave, Los Angeles, CA 90019
6 Beds
6 Baths
sq ft
ac
US / CA / Los Angeles / Arlington Heights / 1714 3rd Ave
Undisclosed Price

1714 3rd Ave, Los Angeles, CA 90019

6 Beds
6 Baths
sq ft
ac
Sold
Sold
Open House:
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Property Description

I am pleased to offer for sale a six-unit apartment community located at 1714 3rd Avenue. The subject property is located just south of Venice Boulevard within the Mid-City sub-market in a dense infill pocket of Los Angeles. The property has 26% remaining rental upside through unit renovations. The property is priced to an in-place 5.05% CAP rate with remaining upside to a 7.01% CAP and is attractively priced at $199,167 per unit. The continued gentrification of the surrounding area along with the value-add potential for a new owner to continue renovating the additional two units and achieve superior future returns moving forward make 1714 3rd Avenue an excellent acquisition opportunity.

Property Details

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Overview
Property Type
Residential Income
Property Size
sq ft
Year Built
1907
Days on Site
1,605 Days
Parking
6 Parking Spaces
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US / CA / Los Angeles / Arlington Heights /

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