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2615 S Victoria Avenue

Los Angeles (City), CA 90016
  • $4,450,000
  • STATUS: Active
  • ON SITE: 30 Days
  • ID#: 22175291
Price Reduced
UPDATED: 30 min ago
$4,450,000
  • 20
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,966
    SQFT
  • $343
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1927
County:

School Ratings & Info

Listing Agent(s): Jordan Peikin of Clement Partners Real Estate (310-822-7262) and Nathan Richards of Nathan Richards(310-467-2585)


Description

2615 S Victoria Avenue is an irreplaceable 20-unit apartment building situated in the heart of the burgeoning West Adams neighborhood. All units consist of one large bedroom and bathroom, sixteen of which have been tastefully renovated, including stainless steel appliances and reimagined kitchens and bathrooms. Additionally, the property has had numerous upgrades such as copper plumbing throughout, electrical service and panels, partial roof replacement, new exterior paint, and landscaping. There are multiple on-site storage rooms for the Owner's use or for potential added income. Superbly located in the heart of the West Adams commercial corridor, 2615 S Victoria Avenue provides residents with many of the great things LA has to offer right outside their front door. The property features a stellar 81 walk score and is central to major employment, freeways, and points of interest alike. Additionally, the property lies a mere 10-minute drive from trendy Culver City, Downtown Los Angeles, and the University of Southern California. Tenants who prefer public transit can easily access the Crenshaw and Exposition metro station that stretches from Downtown Santa Monica to Downtown Los Angeles with upcoming service to both Inglewood and LAX. This is an excellent opportunity to acquire an investment property with steady and reliable cash flow with additional future upside both in rent and neighborhood appreciation.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-12T19:35:55.113. 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 Villa Real Estate. Licensed in the State of California, USA.
www.thecharlieprice.com/homes/130815049
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2615 S Victoria Avenue Los Angeles (City), CA 90016

  • Price: $4,450,000
  • Status: Active
  • On Site: 30 Days
  • Updated: 30 min ago
  • ID#: 22175291
20
Beds
0
Baths
0
½ Baths
0.29
Acres
12,966
SQFT
$343
$/SQFT
1927
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
2615 S Victoria Avenue is an irreplaceable 20-unit apartment building situated in the heart of the burgeoning West Adams neighborhood. All units consist of one large bedroom and bathroom, sixteen of which have been tastefully renovated, including stainless steel appliances and reimagined kitchens and bathrooms. Additionally, the property has had numerous upgrades such as copper plumbing throughout, electrical service and panels, partial roof replacement, new exterior paint, and landscaping. There are multiple on-site storage rooms for the Owner's use or for potential added income. Superbly located in the heart of the West Adams commercial corridor, 2615 S Victoria Avenue provides residents with many of the great things LA has to offer right outside their front door. The property features a stellar 81 walk score and is central to major employment, freeways, and points of interest alike. Additionally, the property lies a mere 10-minute drive from trendy Culver City, Downtown Los Angeles, and the University of Southern California. Tenants who prefer public transit can easily access the Crenshaw and Exposition metro station that stretches from Downtown Santa Monica to Downtown Los Angeles with upcoming service to both Inglewood and LAX. This is an excellent opportunity to acquire an investment property with steady and reliable cash flow with additional future upside both in rent and neighborhood appreciation.
Exterior Features

Architectural Style Spanish Construction Materials Stucco Direction Faces East Other Structures Shed(S) Parking Features None Parking Total 0 Pool Features None Pool Private YN No Spa Features None Spa YN No View City Lights View YN Yes

Interior Features

Appliances Refrigerator Cooling None Cooling YN No Flooring LaminateTile Interior Features Ceiling Fan(S)

Property Features

Additional Parcels YN No Association YN No Cap Rate 5.4 Community Features Gated Disclosures Rent Control Gross Income 352982 Laundry Features None Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 238168 New Construction YN No Property Condition Repairs CosmeticUpdated/RemodeledRepairs Major Rent Control YN Yes Security Features Gated Community Senior Community YN No Sewer Other Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-12T19:35:55.113. 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 Villa Real Estate. Licensed in the State of California, USA.
 
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Villa Real Estate
450 Newport Center Drive, Suite 100
Newport Beach CA, 92660
Listing Agent(s): Jordan Peikin of Clement Partners Real Estate (310-822-7262) and Nathan Richards of Nathan Richards(310-467-2585)