21
See all 21 photos
$1,295,000
Est. payment /mo
8 Beds
4 Baths
3,696 SqFt
New
1690 West BLVD Los Angeles, CA 90019
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,696 sqft
Price per Sqft $350
MLS Listing ID 26997353
Bedrooms 8
HOA Y/N No
Year Built 1964
Lot Size 4,935 Sqft
Property Description
We are pleased to present 1690 West Blvd, a 4-unit property adjacent to the historic Lafayette Square neighborhood of Mid-City Los Angeles, delivered with 3 VACANT UNITS! At market rents, the building is projected to operate at a 6.2% CAP rate and 10.79 GRM. The property offers a desirable unit mix of four spacious 2-bedroom, 1-bathroom units of approximately 924 sq ft each, totaling 3,964 rentable square feet on a 5000 sq ft lot. On site laundry room. Upgrades include new hvac, new main electrical panel, and new sub electrical panels. With three units delivered vacant, this is a rare opportunity for an owner-user to live in one unit and rent out the others, or for an investor to capture immediate upside by leasing at market rents. Located in the heart of Mid-City, the property has excellent connectivity to Culver City, the Helms Bakery District, Cumulus, Miracle Mile, The Grove, West Hollywood, Beverly Hills, Century City, the Westside, and Downtown Los Angeles, including the Arts District. Major nearby employers such as Apple, Amazon MGM Studios, Sony Pictures, and HBO support strong, durable rental demand. Residents also have convenient access to grocery stores, gyms, coffee shops, restaurants, retail, and entertainment. Contact the listing broker for additional information.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Heating Heat Pump
Fireplace No
Appliance Dishwasher, Refrigerator
Laundry Common Area, Laundry Room
Exterior
Parking Features Assigned, Concrete
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5071010054
Special Listing Condition Standard
Listed by Raaj Shankla Estate Properties #01721483
NEARBY SCHOOL & BUSINESS
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