$3,050,000
3406 Virginia RD Los Angeles, CA 90016
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$3,050,000
Est. payment /mo
17 BD
16 BA
8,342 SqFt
Price Dropped by $250K
3406 Virginia RD Los Angeles, CA 90016
UPDATED:
11/15/2024 01:06 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,342 sqft
Price per Sqft $365
MLS Listing ID 24456927
Bedrooms 17
Construction Status Fixer,Repairs Cosmetic
HOA Y/N No
Year Built 1947
Lot Size 7,361 Sqft
Property Description
We are pleased to present a sixteen (16) unit apartment building located at 3406 Virginia Road in Los Angeles, California. The subject property is situated in a prime West Adams location, west of Crenshaw Boulevard and north of W Exposition Boulevard. Built in 1947, this property contains a good unit mix of fifteen (15) one-bedroom / one-bathroom units, and one (1) two-bedroom / one-bathroom unit. All units are currently occupied. This character, courtyard row style asset is gated and secure and features easily maintained landscaping while still having lovely curb appeal. The property is also right next to a nearly completed mixed-use office/retail building by Charles Company which will include a ground floor restaurant. Tenants will love being within a few miles of many trendy restaurants, nightlife, and entertainment options such as Highly Likely, Thinkspace Gallery, Harold & Belle's, Cinemark, Baldwin Hills Crenshaw Shopping Mall, and Rancho Cienega Recreation Center. The Expo/Crenshaw K-Line Metro Station is also conveniently located nearby offering residents quick and easy access to major employment hubs throughout Los Angeles. Positioned in an prime West Adams location, this offering presents an exceptional opportunity for an investor to capitalize on a character, asset with solid remaining rental upside potential in a submarket full of high profile new construction projects.
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning LACM
Interior
Heating Wall Furnace
Flooring Wood
Fireplace No
Exterior
Garage None
Pool None
Community Features Gated
View Y/N Yes
View City Lights
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Construction Status Fixer,Repairs Cosmetic
Others
Senior Community No
Tax ID 5046004036
Security Features Gated Community
Special Listing Condition Standard
Listed by Jason Tuvia • Marcus & Millichap
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