3066 W 15th ST Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90019
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CNSR23069528
Originating Board CRISNet
Year Built 1964
Lot Size 0.335 Acres
Property Description
** 54% (+/-) Potential Upside** ** Opportunity to Assume Existing Loan @ 3.35%** We are pleased to present the opportunity to acquire 15th Street Apartments in the submarket of Arlington Heights (LA Market) and in close proximity to Mid City and Koreatown. This offering includes a 22 unit multifamily building built in 1964 with a foot print of approximately 14,407 SF, sitting on a 14,587 SF corner lot zoned LAR3. 15th Street Apartments offers an investor a significant value add opportunity with approximately 54% (+/-) of potential upside in rents spread across a desirable unit mix of mostly 2 bedrooms units. In addition, there is a possibility for the current $3,035,000 loan originated in 2021 at a fixed rate of 3.35% to be assumed, providing a favorable debt option. This well-located multifamily property offers an investor a rare opportunity to secure a larger sized asset in a high demand and growth submarket with real reposition opportunity and impressive corner frontage. Arlington Heights is diverse and populated neighborhood in Central Los Angeles with Koreatown to the north, Mid-City and Mid-Wilshire to the west, Jefferson Park to the south and Harvard Heights to the east. Located centrally in Los Angeles, Arlington Heights is a transit friendly melting pot of cul
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Interior
Laundry In Laundry Room
Exterior
Garage Spaces 20.0
Pool None
Building
Story Three or More Stories
Water District - Public
Others
Tax ID 5073003001
Special Listing Condition Not Applicable