2420 S Western Avenue , Los Angeles, CA 90018
Los Angeles, CA 90018
Description
Built in 1990, the fully occupied 40-unit apartment building at 2420 S Western Avenue sits on a large 35,439 square foot lot, offering plenty of space for future development. The 32,705 square foot building, zoned LARD1.5, provides an excellent opportunity for investors looking to capitalize on a property with both modern construction and significant potential for expansion. Its prime location and generous lot size make it ideal for long-term growth and increased rental income. Offered under a bankruptcy sale, this property presents a rare chance to acquire a significant asset in a high-demand area. Buyers should be aware that the property is subject to various covenants and restrictions that may impact tenant selection, income, and rent levels. Prospective buyers are strongly encouraged to independently verify all information, including square footage and zoning regulations.
Details
| Mls | P1-19129 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Active Under Contract |
| Year | 1990 |
| Days On Site | 88 |
| Listing Provided By | Keller Williams Realty (626) 204-3300 | Brian Parsons |
Features
| Sq Feet | 32,705 |
|---|---|
| Acreage | 0.81 |
Market Activity 90018
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Learn More About This Property
| State | CA |
|---|---|
| County | Other |
| City | Los Angeles |
| Zip Code | 90018 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90018) | |
Price: $9,000,000 low | high Med: $1,099,000 SqFt: 32,705 low | high Med: 1,616 $ / SqFt: $275 low | high Med: $691 On Site: 88 low | high Med: 48.500000 | |
