11423 Ohio Avenue

Los Angeles , CA 90025

MLS#: 21794014

$6,400,000

Status: Closed
Listing number: 21794014
Listing provided by: Kidder Mathews of California, Inc.
Listing agent phone: None
Last update: 2 years ago
On site: 4 years ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1960

Sq.Footage

N/A

Offered to the market for the first time in 50 years, this prominently located, mid-century building features a secured courtyard with a pool, an intercom, mature landscaping, private patios or balconies for every unit, as well as abundant carport or garage parking. The excellent unit mix consists of 75% two-bedroom apartments and 25% one-bedroom apartments. As an investment, the Property offers investors an incredible value-add opportunity. With rents approximately 26% below projected market rents, an investor can implement a strategic interior and exterior renovation program to capture the strong market rents being achieved for luxury rentals in the immediate neighborhood. In addition, the Property features two garages which may allow for ADU potential to increase the number of units.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Carport, Garage

  • Pool

    Yes

  • Pool Features

    In Ground

Area & Lot

  • Lot Size(acres)

    0.3583

  • Property Type

    Residential Income

Price

  • Sales Price

    $6,400,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

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Location

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Listing Courtesy of Bryan Glenn , Kidder Mathews of California, Inc.

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Offered to the market for the first time in 50 years, this prominently located, mid-century building features a secured courtyard with a pool, an intercom, mature landscaping, private patios or balconies for every unit, as well as abundant carport or garage parking. The excellent unit mix consists of 75% two-bedroom apartments and 25% one-bedroom apartments. As an investment, the Property offers investors an incredible value-add opportunity. With rents approximately 26% below projected market rents, an investor can implement a strategic interior and exterior renovation program to capture the strong market rents being achieved for luxury rentals in the immediate neighborhood. In addition, the Property features two garages which may allow for ADU potential to increase the number of units.

11423 Ohio Avenue

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