1690 West Boulevard,Los Angeles, CA 90019
Los Angeles, CA 90019
Description
We are pleased to present 1690 West Blvd, a 4-unit property adjacent to the historic Lafayette Square neighborhood of Mid-City Los Angeles, delivered with 2 VACANT UNITS! At market rents, the building is projected to operate at a 8.3% CAP rate and 10.79 GRM. The property offers a desirable unit mix of four spacious 2-bedroom, 1-bathroom units of approximately 924 sq ft each, totaling 3,964 rentable square feet on a 5000 sq ft lot. On site laundry room. Upgrades include new hvac, new main electrical panel, and new sub electrical panels. With three units delivered vacant, this is a rare opportunity for an owner-user to live in one unit and rent out the others, or for an investor to capture immediate upside by leasing at market rents. Located in the heart of Mid-City, the property has excellent connectivity to Culver City, the Helms Bakery District, Cumulus, Miracle Mile, The Grove, West Hollywood, Beverly Hills, Century City, the Westside, and Downtown Los Angeles, including the Arts District. Major nearby employers such as Apple, Amazon MGM Studios, Sony Pictures, and HBO support strong, durable rental demand. Residents also have convenient access to grocery stores, gyms, coffee shops, restaurants, retail, and entertainment. Contact the listing broker for additional information.
Details
| MLS # | 26997353 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1964 |
| Days On Site | 19 |
| Listing Provided By | Estate Properties | Raaj Shankla |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 3,696 |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Zoning | LARD1.5 |
| Acreage | 0.11 |
Interior
| Heating | Heat Pump |
|---|---|
| Heating Yes / No | Yes |
| Appliances | Dishwasher, Refrigerator |
Parking
| Parking Features | Assigned, Concrete |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90019 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90019) | |
Price: $1,295,000 low | high Med: $900,000 sqft: 3,696 low | high Med: 1,120 $ / sqft: $350 low | high Med: $804 On site: 19 low | high Med: 60 | |
Market Activity 90019
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90019 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90019) | |
Price: $1,295,000 low | high Med: $900,000 sqft: 3,696 low | high Med: 1,120 $ / sqft: $350 low | high Med: $804 On site: 19 low | high Med: 60 | |
