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2360 W Washington Boulevard
USD 3,500,000
Property ID: 25501903
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2360 W Washington Boulevard ,90018
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icon 7510 SqFt
icon Built in 1929
icon USD 466/SqFt
icon 16 Beds
icon 17 Full
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Location
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Interior Details
Bedrooms
16
Bathrooms
17
Interior Size
11260
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1929
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Detailed Introduction Of This Home
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.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (11)
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2360 W Washington Boulevard
USD 3,500,000 16 Beds
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