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2360 W Washington Boulevard, Los Angeles, CA 90018 (MLS # 25501903)

2360 W Washington Boulevard, Los Angeles, CA 90018 (MLS # 25501903)

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PRICE $3,500,000 dsIDX morgage calculator
BEDS 16
BATHS 17
HOME SIZE 11,260 sqft
LOT SIZE 7,510 sqft
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This value-add opportunity consists of 17 residential units and 3 ground-floor retail spaces, offering a diverse income stream in an area with strong rental demand. The residential units provide a balanced mix of studios, one-bedrooms, and a bachelor unit, while the retail spaces benefit from high foot traffic and strong visibility on a major commercial corridor. Two separate parcels so no onsite management is needed. Positioned in Arlington Heights, a historic and evolving neighborhood, the property is surrounded by retail shops, restaurants, entertainment venues, and art galleries. Its strategic location, coupled with proximity to major transit routes and employment hubs, ensures consistent tenant demand and long-term rental stability. For investors, 2360 W Washington Blvd presents an immediate opportunity to enhance returns, with current rents operating 26% below market levels. By optimizing lease structures and implementing value-add strategies, investors can increase NOI from $234,391 to $325,558, achieving a potential cap rate of 9.30%. With a competitive price per square foot this property offers both strong cash flow and long-term appreciation potential in one of Los Angeles' most supply-constrained submarkets.

DAYS ON MARKET 1 LAST UPDATED 2/22/2025
YEAR BUILT 1929 COMMUNITY Mid Los Angeles
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR None
AREA Mid Los Angeles
GARAGE None
HEAT None
LOT 7510 sq ft
PARKING None
STORIES 2
ZONING LAC2
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Lyon Stahl Investment Real Estate, Inc.

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 2/23/25 3:37 AM PST 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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