2324 Washington Blvd Los Angeles, CA 90018

Property Details for 2324 Washington Blvd

Year built

1917

Property size

5,802 SF

Property type

Commercial real estate

APN

5073-030-030

Description

This exceptional 4-unit apartment building, located at 2324 W Washington Blvd in Los Angeles, CA 90018, presents a compelling investment opportunity. Boasting 5,802 square feet on a 7,002 square foot lot, this two-story, 1917-built property features four spacious 2-bedroom, 1 ¾-bathroom units, each with ample closet space and abundant natural light. All units are fully remodeled, showcasing brand new laminate flooring, updated cabinets, and new kitchen countertops. The property offers the convenience of in-unit washer/dryer hookups and a quiet interior layout, shielded from Washington Street. With a strong Net Operating Income (NOI) of $60,115 and an asking price of $1,399,000 ($241.12/sq ft), this property offers excellent potential for both owner-occupancy and investment. The property is zoned LAC1.5-1, situated in a Tier 2 transit-oriented community, and enjoys proximity to USC, local markets, restaurants, and public transportation. Four parking spaces are available on the property. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a desirable Los Angeles location. The property is conveniently located in the heart of the Jefferson Park community, less than 10 minutes from the University of Southern California. One unit can be delivered vacant. All units feature wall/window air conditioning and wall heating. The property includes range/oven appliances. The flooring is a mix of laminate and carpet.