Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    2360 Washington Boulevard, Los Angeles, CA 90018
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    2360 Washington Boulevard
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    • MLS#: 25501903 ( )
    • Street Address: 2360 Washington Boulevard
    • Viewed: 1
    • Price: $3,500,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1929
    • Bldg sqft: 0
    • Days On Market: 41
    • Additional Information
    • County: LOS ANGELES
    • City: Los Angeles
    • Zipcode: 90018
    • Provided by: Lyon Stahl Investment Real Estate, Inc.
    • Contact: Taylor Taylor
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      This value add opportunity consists of 17 residential units and 3 ground floor retail spaces, offering a diverse income stream in an area with strong rental demand. The residential units provide a balanced mix of studios, one bedrooms, and a bachelor unit, while the retail spaces benefit from high foot traffic and strong visibility on a major commercial corridor. Two separate parcels so no onsite management is needed. Positioned in Arlington Heights, a historic and evolving neighborhood, the property is surrounded by retail shops, restaurants, entertainment venues, and art galleries. Its strategic location, coupled with proximity to major transit routes and employment hubs, ensures consistent tenant demand and long term rental stability. For investors, 2360 W Washington Blvd presents an immediate opportunity to enhance returns, with current rents operating 26% below market levels. By optimizing lease structures and implementing value add strategies, investors can increase NOI from $234,391 to $325,558, achieving a potential cap rate of 9.30%. With a competitive price per square foot this property offers both strong cash flow and long term appreciation potential in one of Los Angeles' most supply constrained submarkets.
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    Features
    Building Area Total
    1. 11260.00
    Cooling
    1. None
    Country
    1. US
    Heating
    1. None
    Levels
    1. Multi/Split
    Netoperatingincome
    1. 253744.00
    Parcel Number
    1. 5073028005
    Parking Features
    1. None
    Postalcodeplus4
    1. 1448
    Sourcesystemkey
    1. 25501903:CLAW
    Tenant Pays
    1. Electricity
    2. Gas
    Totalexpenses
    1. 114169.00
    Year Built
    1. 1929
    Zoning
    1. LAC2
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836