Log In/Sign Up
Your email has been sent.
Price Reduced! 8u in Prime Baldwin Hills 2716 S La Brea Ave 8 Unit Apartment Building $3,562,017 CAD ($445,252 CAD/Unit) 6.20% Cap Rate Los Angeles, CA 90016
Investment Highlights
- PRICE REDUCED - New Price: $2,525,000
- 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
- Priced Below Replacement Cost; 6.2% Current Cap Rate; 6.6% Market Cap Rate
- Less than one-half mile to the Metro Expo “E” Line Expo/La Brea Station
Executive Summary
PROPERTY WEBSITE with OM: https://properties.berkadia.com/2716-south-la-brea-avenue-489637/
PRICE REDUCED - New Price $2,525,000! 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 is priced below replacement cost with a 6.2% 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).
PRICE REDUCED - New Price $2,525,000! 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 is priced below replacement cost with a 6.2% 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 | $3,562,017 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $445,252 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 6.20% | 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 | $3,562,017 CAD |
| Price Per Unit | $445,252 CAD |
| Sale Type | Investment |
| Cap Rate | 6.20% |
| 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 |
Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5049-011-008 | Improvements Assessment | $1,285,272 CAD |
| Land Assessment | $1,776,197 CAD | Total Assessment | $3,061,469 CAD |
Property Taxes
Parcel Number
5049-011-008
Land Assessment
$1,776,197 CAD
Improvements Assessment
$1,285,272 CAD
Total Assessment
$3,061,469 CAD
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Price Reduced! 8u in Prime Baldwin Hills | 2716 S La Brea Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.