2153 W Washington

    Los Angeles (City), CA 90018
    • $5,880,000
    • STATUS: Active
    • ON SITE: 15 days
    • ID#: 19430188
    UPDATED: 20 min ago
    $5,880,000
    • 0
      BEDS
    • 0.58
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 24,666
      SQFT
    • $238
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1907
    County:

    School Ratings & Info

    Description

    We are proud to present to market the "MIX 26", a residential and commercial mixed use property located at 2153 W Washington Blvd (built 1907), 2165 W Washington Blvd (built 1924), and 1831 S Oxford Ave (built 1923), Los Angeles CA. The offering consists of 10 commercial spaces (majority month-to-month), 12 large and open second floor residential units with 10 foot high ceilings, large windows, exposed brick exterior walls, all of a variety of unit mixes, and a separate 4 unit apartment behind the main buildings. All told, the asset comprises a total of 24,666 square feet of improvements, per assessor, and is situated on over 25,000+ SF of land on a hard corner, that is zoned LAC2/LAR2. The APN's included are 5074-015-001, 5074-015-022, and 5074-015-023. Priced at just under $240 per square foot and a Pro-Forma 8% CAP, this asset presents a rare opportunity to purchase a significant corner lot with both an existing value-added and redevelopment potential.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-17T18:30:02.89. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/91500774

    2153 W Washington Los Angeles (City), CA 90018

    • Price: $5,880,000
    • Status: Active
    • Updated: 20 min ago
    • ID#: 19430188
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.58
    Acres
    24,666
    SQFT
    $238
    $/SQFT
    1907
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    We are proud to present to market the "MIX 26", a residential and commercial mixed use property located at 2153 W Washington Blvd (built 1907), 2165 W Washington Blvd (built 1924), and 1831 S Oxford Ave (built 1923), Los Angeles CA. The offering consists of 10 commercial spaces (majority month-to-month), 12 large and open second floor residential units with 10 foot high ceilings, large windows, exposed brick exterior walls, all of a variety of unit mixes, and a separate 4 unit apartment behind the main buildings. All told, the asset comprises a total of 24,666 square feet of improvements, per assessor, and is situated on over 25,000+ SF of land on a hard corner, that is zoned LAC2/LAR2. The APN's included are 5074-015-001, 5074-015-022, and 5074-015-023. Priced at just under $240 per square foot and a Pro-Forma 8% CAP, this asset presents a rare opportunity to purchase a significant corner lot with both an existing value-added and redevelopment potential.
    Exterior Features

    Lot Size Source See Remarks Lot Size Units Square Feet Parking Features Parking Space Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 5.01 Gross Multiplier 13.00 Gross Operating Income 436961.00 Improvements Amount 424415 Land Value 1273247 Laundry YN Yes Net Operating Income 294715.00 Special Listing Conditions Standard Total Expenses 151444.00 Zoning Lac2/Lar2

    Listing provided courtesy of Casey Lins of Re/Max Estate Properties and Scott Rosenberg of Re/Max Estate Properties


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-17T18:30:02.89. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Heller The Home Seller
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024