CA > Los Angeles
Los Angeles, CA 90006,2268 W 14th ST
Los Angeles, CA 90006,2268 W 14th ST
Los Angeles, CA 90006,2268 W 14th ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$5,650,000
Est. payment /mo
1 Bed
47 Baths
26,096 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 26,096 sqft

Price per Sqft $216

MLS Listing ID 25517287

Bedrooms 1

HOA Y/N No

Year Built 1928

Lot Size 0.310 Acres

Property Description

We are excited to present Sylvester Apartments, a 47-unit multifamily investment opportunity in the heart of Pico-Union. Positioned between W Pico Blvd and Venice Blvd, this well-maintained property offers a compelling blend of strong in-place cash flow and value-add potential. The unit mix consists of 46 singles and one one-bedroom, currently operating at a 6.56% CAP rate and 7.90 GRM at the asking price, with an additional 16% rental upside as units turn. Adding to its appeal, the offering includes an adjacent 6,000 SF parking lot with 24 spaces, generating $2,500 in monthly income. Further upside may be possible with the potential for an additional ADU (Buyer to verify). Sylvester Apartments is separately metered for electricity and features an on-site community laundry room leased with Wash, offering four washers and four dryers. With a high Walk Score of 89, residents enjoy convenient access to Metro rail and bus lines, as well as major freeways, providing easy connectivity to Downtown LA, Koreatown, Westlake, and Mid-City. Additionally, the property is just half a mile from Loyola High School, enhancing its desirability for long-term tenancy in this dense, infill Los Angeles location.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR3

Interior

Heating None

Cooling None

Fireplace No

Exterior

Parking Features Uncovered

Total Parking Spaces 24

Building

Story 4

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 5056005015

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Neema Ahadian • Marcus & Millichap

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