For Sale

Listed by Kian Maronde and Jason Tuvia from Marcus & Millichap

Source: Combined LA Westside Multiple Listing Service, Inc #26682175

2109 Manitou Avenue, Los Angeles, CA, 90031

$2,275,000

16
10
2017 sq. ft.
7319 sq. ft.

Other

30+ days on the market

What's around 2109 Manitou Avenue

About this property

We are pleased to present an eight (8) unit apartment building located at 2109 Manitou Ave in Los Angeles, California. The subject property is located in a good Lincoln Heights location, south of N Broadway and West of Griffin Ave. Located in Lincoln Heights just minutes from Downtown LA, this property offers strong accessibility and long-term upside. The asset is not subject to Los Angeles City rent control and features an excellent unit mix of two one-bedroom, four two-bedroom, and two three-bedroom units, with one unit delivered vacant. Five of the eight units have been renovated. Units are separately metered for gas and electricity and include individual water heaters. The property offers fourteen covered, gated on-grade parking spaces and on-site laundry. Tenants benefit from proximity to major corridors, freeways, Metro access, parks, and popular local amenities including cafes, retail, and Dodger Stadium nearby. With RSO exemption, strong in-place income, one vacancy for immediate upside, and a well-located position in Lincoln Heights, this asset presents a compelling and flexible investment opportunity.

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