2713 Darwin Ave Los Angeles, CA 90031
Multifamily property with ADU potential in an Opportunity Zone.
Type:Multifamily
Property size:
2,967 SFLot size:
0.17 AcresPrice / SF:
$269/SF- Added:
- Jul 29, 2021
- Days on Market:
- 1740
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 2713 Darwin Ave
General Information
- Standard status
- Active
- Size
- 2,967 SF
- Lot size
- 0.17 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1913
Listing agent Edan Shalom License #CA BR02033047
Listing office Centennial Advisers
Listing date Jul 29, 2021
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Centennial Advisers
Overview
Lincoln Heights Multifamily ADU Opportunity
Located in historic Lincoln Heights, this two-story multifamily property offers a compelling development opportunity with the potential to build four detached Accessory Dwelling Units (ADUs) as allowed per SB 1211. The property, situated on a 7,407 square foot lot, features 2,967 square feet of living space. The lot provides ample room for parking and the addition of outdoor amenities. The property is positioned minutes from Downtown Los Angeles, USC Medical Center, Dodger Stadium, and LA State Historic Park. Its location provides residents with convenient access to the 110, 10, and 1-5 freeways, as well as proximity to major employment and education centers, including nearby schools like Lincoln High School and Griffin Elementary. The existing tenant base benefits from a central, connected location in one of LA's most enduring neighborhoods, attracting long-term renters seeking affordability near the city core. The property remains consistently occupied due to walkable amenities and strong rental demand. Once the ADUs are completed, the asset is projected to deliver over a 5% CAP rate, or a 7.2% CAP with the existing four units being marked to market rents.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Multifamily properties
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.21373
- Latitude
- 34.06769
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Multifamily property with ADU potential in an Opportunity Zone.
Where is this multifamily property located?
The property is located at 2713 Darwin Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: ADU Potential: Opportunity to build 4 detached ADUs per SB 1211.; Opportunity Zone: Located in a qualified Opportunity Zone.; Value‑Add Play: Potential to increase CAP rate with ADUs or by marking existing units to market rents.
