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2335 Wall St

Los Angeles CA 90011

18
20
22
15771 sq. ft.
15000 sq. ft.
Other
Currently for sale - view listing

Overview

Despite being constructed in 1970, the property is priced at only $178 per square foot and $140,000 per unit, which are attractive values, even when compared to far older properties that have sold in the immediate area. A new owner can capitalize on the upgraded electrical system, which could potentially reduce both energy and insurance costs. The property occupies a double lot and includes a large parking area capable of holding 22 vehicles. This rare amenity, coupled with the building's convenient access to nearby shopping and dining destinations (Walk Score of 89), helps to attract higher-paying tenants to the property. A new owner can take advantage of these factors as they add value by recapturing the approximately 54% rent upside that the asset offers. Situated near LA Live, the Crypto.com Arena, the Los Angeles Coliseum, and the Los Angeles Convention Center, the property is adjacent to several 2028 Summer Olympics venues. Therefore, it stands to potentially benefit from upcoming infrastructure improvements and an influx of capital to the immediate area, all to the benefit of a new owner.

Features

18 bedrooms
20 bathrooms
22 carspaces
15771 sq. ft. floor area
15000 sq. ft. lot size
Other

Property history for 2335 Wall St

2016
Sold
$2,600,000
29 Jul 2016 by Nancy Sanborn, of Berkshire Hathaway HomeServices California Properties (Beverly Hills, 90212)

Happy sellers in Los Angeles

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We have insufficient information to provide an overview of customer satisfaction for Los Angeles. Viewing the agent profiles, reviews and sales for Los Angeles can provide insights for this location.

Local market activity for 18 bedroom other properties in Los Angeles

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