3406 Virginia Road,Los Angeles, CA 90016
Los Angeles, CA 90016
Description
We are pleased to present a sixteen (16) unit apartment building located at 3406 Virginia Road in Los Angeles, California. The subject property is situated in a prime West Adams location, west of Crenshaw Boulevard and north of W Exposition Boulevard. Built in 1947, this property contains a good unit mix of fifteen (15) one-bedroom / one-bathroom units, and one (1) two-bedroom / one-bathroom unit. All units are currently occupied. This character, courtyard row style asset is gated and secure and features easily maintained landscaping while still having lovely curb appeal. The property is also right next to a nearly completed mixed-use office/retail building by Charles Company which will include a ground floor restaurant. Tenants will love being within a few miles of many trendy restaurants, nightlife, and entertainment options such as Highly Likely, Thinkspace Gallery, Harold & Belle's, Cinemark, Baldwin Hills Crenshaw Shopping Mall, and Rancho Cienega Recreation Center. The Expo/Crenshaw K-Line Metro Station is also conveniently located nearby offering residents quick and easy access to major employment hubs throughout Los Angeles. Positioned in an prime West Adams location, this offering presents an exceptional opportunity for an investor to capitalize on a character, asset with solid remaining rental upside potential in a submarket full of high profile new construction projects.
Details
| MLS# | 24456927 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1947 |
| Days On Site | 185 |
| Listing Provided By | Marcus & Millichap 818-212-2700 | Jason Tuvia |
Features
| Bed(s) | 17 |
|---|---|
| Bath(s) | 16 |
| SQ Feet | 8,342 |
| Story(s) | 2 |
| Units | 16 |
| Building(s) | 1 |
| Zoning | LACM |
| Acreage | 0.17 |
| Property View | Yes |
Market Activity 90016
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90016 |
| Area | PHHT Park Hills Heights |
| Listing VS Median (in 90016) | |
Price: $2,850,000 low | high Med: $2,250,000 SqFt: 8,342 low | high Med: 5,765 $ / SqFt: $342 low | high Med: $390 On site: 185 low | high Med: 55.000000 | |