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$1,495,000
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| | No. of Buildings | 1 | |
| | Building S.F. | 11,542 | |
| | Total Units | 24 | |
| | Land Acres | 4,792.00 | |
| | Cross Street | Albany Street | |
| | Tax Parcel Number | 5137-013-006 | |
| | Market | Los Angeles | |
| | Sub Market | Downtown Los Angeles | |
| | No. of Parking Spaces | 0 | |
| | Occupancy | 100.00 % | |
| | Year Built | 1908 | |
| | No. of Stories | 2 | |
| | Building Class | C | |
| | Location Class | C | |
| | Foundation Type | Concrete | |
| | Roof Type | Flat | |
| | Zoning Type | LAC2 | |
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1416 W. Olympic Blvd. , Los Angeles, CA 90015
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Property Description
This property is located in prime Downtown Los Angeles, directly across the street from Loyola Law School and within half a mile of L.A. Live. This property has a unit mix of twenty-two (22) and two (2) one bedroom/one bath and has recently been remodeled to include granite top kitchens, new flooring, paint and upgraded with copper plumbing throughout the building. An investor may come in and cater this property towards the students at Loyola Law School and/or FIDM or keep it as an existing steady apartment building. In addition, this property is located within walking distance to the newly developed L.A. Live. With the new restaurants, shops, movie theater and the opening of the Ritz-Carlton/JW Marriott, this new development has added an enormous amount of new jobs to the area making adjacent rental units a desirable place to live.
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Location Description
Downtown Los Angeles is the central business district of Los Angeles, California, United States, located close to the geographic center of the metropolitan area. Downtown is the hub of the city's freeway network and growing Metro rapid transit station.
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