2323 Wall Street, Los Angeles, CA 90011 (MLS # 23337483)
We are pleased to offer for sale a five-unit apartment community located at 2323 Wall Street. The subject property is conveniently located just south of the 10 Freeway within the dense South Los Angeles Sub-Market. South Los Angeles, nestled south of downtown, is a dynamic urban neighborhood where diverse cultures intermingle, creating a rich mosaic of traditions and experiences. South LA's strong sense of community shines through at local parks and venues, while recent urban revitalization efforts have brought new businesses and dining options. Situated on a 7,500 square foot parcel, the property is comprised of two-bedroom and three-bedroom units (buyer to verify unit configuration). There is 25% rental upside through interior renovations. Two units will be delivered vacant allowing new ownership to immediately renovate in order to achieve market rental rates. Ownership is only responsible for paying water utilities, tenants pay gas & electric. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate units and achieve superior future returns moving forward makes 2323 Wall Street an excellent acquisition opportunity. ***BUYER TO VERIFY UNIT CONFIGURATION***
Property Type(s):
Residential Income
|
Last Updated
|
5/10/2024
|
Year Built
|
1903
|
|
Community
|
Downtown L.A.
|
County
|
Los Angeles
|
Price History
|
Prior to Apr 3, '24
|
$1,325,000 |
|
Apr 3, '24 - May 10, '24 |
$1,300,000 |
| May 10, '24 - Today |
$1,200,000 |
Additional Details
| AREA |
Downtown L.A. |
| BUYER'S BROKERAGE COMPENSATION |
2.500 % |
| GARAGE |
None |
| LOT |
7502 sq ft |
| PARKING |
None |
| STORIES |
2 |
| ZONING |
LARD2 |
Location
Listed with Marcus & Millichap
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/17/24 12:16 AM PDT 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
This IDX solution is (c) Diverse Solutions 2024.
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