1010 25th St Los Angeles, CA 90011-5996

Property Details for 1010 25th St

Year built

1900

Construction

WOOD

Lot size

0.14 lot acres

Property size

1,692 SF

Zone code

LAC2

Property type

Apartment buildings

APN

5131-026-022

APU

5131026022

Description

This exceptional 31-unit apartment building, completed in 2024, presents a unique investment opportunity in Los Angeles. Boasting 10,952 square feet of rentable space within a 16,004-square-foot building on a 6,247-square-foot lot, this Class A property is currently vacant, offering immediate potential for income generation. The building features a mix of 22 one-bedroom, one-bathroom units and 9 studio units, all equipped with brand-new appliances and mini-split A/C systems. Residents enjoy amenities including a community room, laundry room, bicycle storage for 30 bikes, and a rooftop deck with city views. The building is sub-metered for water and features a security camera system. Located in a highly desirable area, less than a mile from the A Line Metro station, this property benefits from excellent walkability and proximity to major employment centers like Downtown Los Angeles and USC. The C2-2D-CPIO Tier 3 zoning allows for potential conversion of common areas into one or two additional dwelling units (ADUs). The building is situated in an Opportunity Zone, offering additional investment incentives. While there is no on-site parking, a small space in the rear may accommodate one vehicle. The building's stacked design promotes ease of maintenance. The asking price is $9,300,000. Strong demand from Section 8 tenants is anticipated, facilitating a rapid lease-up. This is a truly exceptional opportunity to acquire a brand-new, high-quality multifamily asset in a prime Los Angeles location.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Longitude

-118.255

Latitude

34.0198

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments