Address
2861 Leeward Avenue Los Angeles, CA
Price
$ 2,695,000
Property Attributes
  • MLS#WS20096019
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaKoreatown
  • Zip90005
  • Style
  • Price$ 2,695,000
  • Bedrooms10
  • Full Bathrooms10
  • Half Bathrooms0
  • Lot Size10,828 SqFt
Listing Provided Courtesy Of:
TRAVIS ELY with TRAVIS ELY.
Data Source:
CRMLS
Property Description

This 10 unit apartment complex is in the heart of many large developments in the Koreatown area including the 31 story, 644 apartment project on Wilshire and Hoover. Down the street from brand new condos for sell as well as directly adjacent to the new Gateway project on 8th set to break ground in August of this year. A savvy investor could build up to 48 units with TOC tier 3. This quarter of an acre lot on the corner of Leeward and Magnolia allows for easier access for parking layouts and is zoned R4-2 with no height restrictions. The lot is also 70 feet wide compared to the average 60 foot on the block. An investor could purchase and hold knowing well-zoned land is becoming harder to come by.

Price History
5/20/2020 Listed $2,695,000

General Features

Co-Listing Agent State License # 01315015
Community Features Curbs, Street Lights, Urban
Electric Standard
Levels One
Listing Agent TRAVIS ELY - BRE#01895065
Listing Agent State License 01895065
MLS Area KREA - Koreatown
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Roof Rolled/Hot Mop
Sewer Public Sewer
Special Listing Conditions Standard
Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Total Units 10
Utilities Electricity Connected, Natural Gas Connected, Water Connected
Water Sewer Expense 4000
Zoning LAR4

Interior Features

Common Walls 2+ Common Walls
Laundry Features None

Exterior Features

Lot Features Corner Lot
Lot Size Acres 0.25
Lot Size Area 10828
Lot Size Source Assessor
Lot Size Square Feet 10828
Lot Size Units Square Feet
Number of Buildings 5
Number of Separate Electric Meters 10
Number of Separate Gas Meters 10
Number of Separate Water Meters 1
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90005

Price
AVG $2.72M
$2.7M
Visits
AVG 14
18
Year Built
AVG 1933
1921
Walkscore
AVG 90
95
Data Provided by Walkscore ® not using MLS data

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