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8u | Prime Baldwin Hills | Tour March 18th 2716 S La Brea Ave 8 Unit Apartment Building $3,827,740 CAD ($478,468 CAD/Unit) 5.50% Cap Rate Los Angeles, CA 90016
Investment Highlights
- OPEN HOUSE: Wednesday, March 18 | 11am to 2pm
- 86 Walk Score “Very Walkable” Location: Walk to CENTO Pasta Bar, Chulita, and Baldwin Hills Public Library
- Prime Baldwin Hills Neighborhood provides easy access to Downtown Culver City and Downtown Los Angeles; Minutes to trendy neighborhood restaurants
- Beautifully renovated apartment community – 8 units
- Value-Add: Approximately $200/unit/month in proven rental upside; 5.5% Cap Rate; 5.9% Market Cap Rate
- Less than one-half mile to the Metro Expo “E” Line Expo/La Brea Station
Executive Summary
OPEN HOUSE: Wednesday, March 18 | 11am to 2pm
PROPERTY WEBSITE with OM: https://properties.berkadia.com/2716-south-la-brea-avenue-489637/
Berkadia is excited to exclusively offer for sale, 2716 S. La Brea Avenue, a renovated 8-unit apartment community in Los Angeles’ prime Baldwin Hills neighborhood. Units are bright and airy with modern, luxury finishes including hardwood-style flooring, sleek kitchens with quartz counters, stainless-steel appliances and beautiful cabinetry. The community offers gated access, on-site laundry facilities, and 9 parking spaces. Built in 1964, this investment opportunity offers approximately $200/unit/month in proven rental upside, with a 5.5% cap rate on the current rent roll.
The property is within walking distance to CENTO Pasta Bar, Chulita, and the Baldwin Hills Public Library. The Metro Expo “E” Line Expo/La Brea station is less than one-half mile, providing direct access to USC, Exposition Park, BMO Stadium and DTLA, as well as Culver City and Santa Monica. Strong Area Demographics include an Average Household Income of over $144.8K and an Average Housing
Value over $1.57 Million (within 3-mile radius).
PROPERTY WEBSITE with OM: https://properties.berkadia.com/2716-south-la-brea-avenue-489637/
Berkadia is excited to exclusively offer for sale, 2716 S. La Brea Avenue, a renovated 8-unit apartment community in Los Angeles’ prime Baldwin Hills neighborhood. Units are bright and airy with modern, luxury finishes including hardwood-style flooring, sleek kitchens with quartz counters, stainless-steel appliances and beautiful cabinetry. The community offers gated access, on-site laundry facilities, and 9 parking spaces. Built in 1964, this investment opportunity offers approximately $200/unit/month in proven rental upside, with a 5.5% cap rate on the current rent roll.
The property is within walking distance to CENTO Pasta Bar, Chulita, and the Baldwin Hills Public Library. The Metro Expo “E” Line Expo/La Brea station is less than one-half mile, providing direct access to USC, Exposition Park, BMO Stadium and DTLA, as well as Culver City and Santa Monica. Strong Area Demographics include an Average Household Income of over $144.8K and an Average Housing
Value over $1.57 Million (within 3-mile radius).
Property Facts
| Price | $3,827,740 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $478,468 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 5.50% | Building Size | 6,908 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | ||
| Zoning | LAR3 - Restricted Density Multiple Dwelling | ||
| Price | $3,827,740 CAD |
| Price Per Unit | $478,468 CAD |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 6,908 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Zoning | LAR3 - Restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Quartz Countertops
Site Amenities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 660 - 704 |
| 2+2 | 4 | - | 880 - 910 |
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (70)
Property Taxes
| Parcel Number | 5049-011-008 | Improvements Assessment | $1,238,267 CAD |
| Land Assessment | $1,711,239 CAD | Total Assessment | $2,949,506 CAD |
Property Taxes
Parcel Number
5049-011-008
Land Assessment
$1,711,239 CAD
Improvements Assessment
$1,238,267 CAD
Total Assessment
$2,949,506 CAD
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8u | Prime Baldwin Hills | Tour March 18th | 2716 S La Brea Ave
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