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… Read More 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. Read Less
Property listed by Marcus & Millichap, Jason Tuvia 818-212-2700
Listing Snapshot
Days Online
20
Last Updated
Property Type
Other
Beds
17
Square Ft.
8,342
Lot Size
0.17 Acres
Year Built
1947
MLS Number
24456927
30 Days Snapshot Of 90016
$1,053k
+53%
(avg) sold price
15
+87%
homes sold
63
-55%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1947, Building area total: 8,342, Levels: Two, Living area: 8342, 2 stories, 1 building
Community
Gated
Floors
Wood
Heating
WallFurnace
Income
Gross income: $294,191, Net operating income: $185,907
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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