Detail

Updated on January 26, 2021 at 10:15 pm

  • Land Area: 7,000 sq ft
  • Property Size: 4,872 sq ft
  • Price: $3,500,000
  • Year Built: 1933

Description

2-story, 10-unit apartment building
Ideal for rehabilitation or redevelopment
Just 2 blocks south of Metro Purple Line subway extension at Wilshire Blvd and Federal Ave (under construction)
Two 2-bedroom units; four 1-bedroom units; four single units (all units have one bathroom)
Property is in excellent condition
Parking for 10 vehicles
Under market rents; fantastic upside potential!
Prime westside location just north of Santa Monica Blvd and two block east of Barrington Ave
Adjacent to Brentwood, Westwood and Santa Monica
Current actual $78,032 net annual income: 2.23% cap rate
Pro forma $175,902 net annual income (market rates): 5.03% cap rate
Please do not disturb the tenants; call broker to show

Property Documents

  • Marketing Package for 1411-1413 Federal Ave
  • Address: 1411 Federal Ave 1413 Federal Ave
  • City: Los Angeles
  • State/county: CA
  • Zip/Postal Code: 90025
  • Country: United States

Contact info

Jesse McKenzie
Jesse McKenzie
213.747.4156714.883.6875
Bradley A. Luster
Bradley A. Luster
213.747.4154213.276.2483
Linkedin

Inquire about this property

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