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… Read More 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 $250,189.66 to $324,247.68, achieving a potential cap rate of 9.68%. 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. Read Less
Listing Snapshot
Days Online
147
Last Updated
Property Type
Other
Beds
16
Square Ft.
11,260
Lot Size
0.17 Acres
Year Built
1929
MLS Number
25501903
30 Days Snapshot Of 90018
$1.02M
-11%
(avg) sold price
6
-33%
homes sold
63
-50%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1929, Building area total: 11,260, Levels: MultiSplit, Living area: 11260, 2 buildings
Cooling
None
Heating
None
Income
Gross income: $362,246, Net operating income: $250,190
Lot
0.1724 acres, 7,510 square feet, Size: 7,510
Parking
None
Property
Zoning: LAC2
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of 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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