This 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… Read More 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 $250,189.66 to $324,247.68, achieving a potential cap rate of 9.68%. 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. Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Listing Snapshot
Days Online
133
Last Updated
Property Type
Other
Beds
16
Square Ft.
11,260
Lot Size
0.17 Acres
Year Built
1929
MLS Number
25501903
30 Days Snapshot Of 90018
$1.38M
+18%
(avg) sold price
4
0%
homes sold
44
-74%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
11,260 sq ft, Built in 1929, Levels: Multi/Split
Cooling
None
Disclosures
As Is
Garage
None
Heating
None
Lot
LotAcreage: 0.1724, LotSizeArea: 7,510
Parking
TotalParking: 0
Property
NumberOfUnits: 20, Zoning: LAC2
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