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2707 W 14TH Street

Los Angeles (City), CA 90006
  • $1,650,000
  • STATUS: Active
  • ON SITE: 26 Days
  • ID#: 22151591
UPDATED: 69 min ago
$1,650,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1913
County:

School Ratings & Info

Listing Agent(s): Sean Rosenzweig of Marcus & Millichap (213-943-1800)


Description

I am pleased to present, as the exclusive listing agent, is pleased to offer for sale a five-unit apartment community located at 2707 West 14th Street. The subject property is located just south of Pico Boulevard and west of Normandie Avenue near Koreatown. Situated on a 6,506 square foot parcel, the property comprises of four one-bedroom units and a stand-alone three-bedroom house. All four of the front units will be delivered vacant allowing new ownership the opportunity to renovate and achieve additional rental premiums immediately. The back house is the only occupied unit and has been thoroughly renovated and is already achieving a market rental rate. The continued gentrification of the surrounding area along with the value-add potential for a new owner to immediately renovate and lease vacant units and achieve superior future returns moving forward makes 2707 West 14th Street an excellent acquisition opportunity.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-25T23:29:22.76. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/128208184
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2707 W 14TH Street Los Angeles (City), CA 90006

  • Price: $1,650,000
  • Status: Active
  • On Site: 26 Days
  • Updated: 69 min ago
  • ID#: 22151591
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1913
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
I am pleased to present, as the exclusive listing agent, is pleased to offer for sale a five-unit apartment community located at 2707 West 14th Street. The subject property is located just south of Pico Boulevard and west of Normandie Avenue near Koreatown. Situated on a 6,506 square foot parcel, the property comprises of four one-bedroom units and a stand-alone three-bedroom house. All four of the front units will be delivered vacant allowing new ownership the opportunity to renovate and achieve additional rental premiums immediately. The back house is the only occupied unit and has been thoroughly renovated and is already achieving a market rental rate. The continued gentrification of the surrounding area along with the value-add potential for a new owner to immediately renovate and lease vacant units and achieve superior future returns moving forward makes 2707 West 14th Street an excellent acquisition opportunity.
Exterior Features

Parking Features None Parking Total 0

Property Features

Association Fee 0 Gross Income 147000 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 104116 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 4 Zoning R2-1- Hpoz



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-25T23:29:22.76. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Sean Rosenzweig of Marcus & Millichap (213-943-1800)