1683 S Longwood Ave
Los Angeles, CA 90019
Immeuble residentiel Propriété À vendre · 14 Unités

This 14-unit multifamily asset offers a well-positioned investment opportunity in the highly desirable Mid-City area of Los Angeles. Constructed in 1964 and situated on a generous 11,325 SF lot, the property features a mix of predominantly two-bedroom units with efficient floor plans designed to attract long-term tenants. Positioned within a high-demand rental market, the asset benefits from Los Angeles' strong fundamentals and an 89 Walk Score, ensuring superior tenant accessibility to retail, dining, and employment hubs.
Future upside potential is notable with an estimated 29% rental growth opportunity, enhancing the property's cash flow and long-term value. Current financial performance demonstrates stable operations with a cap rate of 5.84%, while market projections indicate higher yield potential. Gated parking and in-unit utility allocations add convenience and cost efficiency for ownership.
Located near major transportation corridors and Central Los Angeles attractions, this property not only ensures consistent occupancy rates but also stands to benefit from the region’s sustained population growth and economic activity.