Property listed by Marcus & Millichap, Sean Rosenzweig 310-909-5500
$1,049,000
We are pleased to offer for sale a 4-unit apartment community located at 1832 Lansdowne Avenue. The subject property is located north of the I-10 Freeway and south of Valley Boulevard.The property is located in a desirable pocket of Northeast LA. The building is in close proximity to Downtown LA,… Read More the Arts District, and the San Gabriel Valley. This provides residents with convenient access to employment centers, retail, and entertainment in the immediate area.Situated on a 5,390-square-foot parcel, the property is comprised of four two-bedroom units and will be delivered 50% vacant, allowing new ownership to capture immediate upside potential. In-place occupied unit rents average $1,184 approximately 111% below market and with market rents achieving $2,500/month, Lansdowne presents a compelling mark-to-market opportunity through unit turnover and interior upgrades.1832 Lansdowne Avenue offers investors a well-located asset in a desirable Northeast Los Angeles infill neighborhood. The surrounding area continues to improve, supported by ongoing gentrification and strong rental demand. These fundamentals, combined with the property's inherent value-add potential, position a new owner to benefit from both near-term enhancements and long-term appreciation. Read Less
Listing Snapshot
Days Online
75
Last Updated
Beds
8
Square Ft.
3,181
Lot Size
0.12 Acres
Year Built
1937
MLS Number
25624855
Additional Details
Building
Built in 1937, Living area: 3181.0, 2 buildings, 1 storey, Levels: One
Income
Gross Income: $88,408, Net Operating Income: $61,861
Lot
0.1238 acres
Parking
2 total parking spaces
Taxes
Parcel Number: 5223028037, Zoning: LAR1
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