2325 5th Avenue

Los Angeles CA 90018

5978 sq. ft.

6674 sq. ft.

Other

Currently for sale - view listing

Overview

I am pleased to present the opportunity to acquire an eight-unit apartment community situated in the Jefferson Park sub-market on the Border of West Adams, located at 2325 5th Avenue. The property is situated on a 6,674 square foot parcel and comprises of five one-bedroom units and three two-bedroom units. The property boasts ample parking with a total of 15 spaces for eight units. Moreover, there is 35% remaining rental upside through interior renovations, making it a value-add opportunity for potential buyers. Current ownership also completed all soft-story retrofit requirements in 2020. The building is constructed of wood frame and stucco that has been attentively maintained by the current ownership. The property is located on a quiet street that features mostly single-family residences, duplexes, and four-unit buildings, with only one other 5+ unit building on the block. The immediate area is undergoing significant gentrification, with numerous new developments and renovations taking place, making it a prime location for real estate investment. Overall, 2325 5th Avenue offers an exceptional opportunity for investors to acquire a property with significant value-add potential, ample parking, and a desirable location in a dense pocket of Los Angeles.