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2321 3rd Ave
Los Angeles, CA 90018 West Adams

$1,625,000 USD

Apartments For Sale  •  5,796 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,178 SF
  • Lot Size 0.15 AC
  • Building Class C
  • Year Built 1958
  • Cap Rate 6.15 %
  • Zoning LARD2
70 Transit Score
60 Walk Score

Highlights

Major upgrades include a newly installed 400-amp electrical service with new feeder lines to the subpanels
completion of soft-story seismic retrofit, and California's SB721 balcony requirements through newly upgraded balconies and all new steel railings
3 units will be purposely delivered vacant, providing investors with the opportunity to lease at current market rates

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $92,353 USD (2026)
Cap Rate: 6.15 %
Total Expenses: $50,767 USD

Public Transportation

Commuter RailDriveWalkDistance
11 min - 5.8 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 12 min - 6.1 mi
AirportDriveWalkDistance
Los Angeles International 22 min - 10.2 mi
Bob Hope 30 min - 14.7 mi
Long Beach (Daugherty Field) 34 min - 24.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 4
Type: Surface
Included in Rent: Yes
Danny Mahelka Coldwell Banker Realty
Danny Mahelka Coldwell Banker Realty