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$ 9,000,000
Est. payment /mo
Active Under Contract
2420 S Western AVE Los Angeles, CA 90018
UPDATED:
12/05/2024 05:07 AM
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID P1-19129
HOA Y/N No
Year Built 1990
Property Description
Built in 1990, the fully occupied 40-unit apartment building at 2420 S Western Avenue sits on a large 35,439 square foot lot, offering plenty of space for future development. The 32,705 square foot building, zoned LARD1.5, provides an excellent opportunity for investors looking to capitalize on a property with both modern construction and significant potential for expansion. Its prime location and generous lot size make it ideal for long-term growth and increased rental income. Offered under a bankruptcy sale, this property presents a rare chance to acquire a significant asset in a high-demand area. Buyers should be aware that the property is subject to various covenants and restrictions that may impact tenant selection, income, and rent levels. Prospective buyers are strongly encouraged to independently verify all information, including square footage and zoning regulations.
Location
State CA
County Other
Area C16 - Mid Los Angeles
Interior
Fireplace No
Building
Lot Description Sprinklers None
Dwelling Type Multi Family
Water Public
Others
Tax ID 5058015009
Special Listing Condition Bankruptcy Property
Listed by Brian Parsons • Keller Williams Realty