2360 Washington Boulevard, Los Angeles, CA 90018
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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
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DescriptionThis 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.
Property Location and Similar Properties
Features
Building Area Total
- 11260.00
Cooling
- None
Country
- US
Heating
- None
Levels
- Multi/Split
Netoperatingincome
- 253744.00
Parcel Number
- 5073028005
Parking Features
- None
Postalcodeplus4
- 1448
Sourcesystemkey
- 25501903:CLAW
Tenant Pays
- Electricity
- Gas
Totalexpenses
- 114169.00
Year Built
- 1929
Zoning
- LAC2