Skip To Content

2707 W 14TH St

Los Angeles, CA 90006
  • $1,570,000
  • STATUS: Active
  • ON SITE: 106 Days
  • ID#: 22-151591
UPDATED: 22 min ago
$1,570,000
  • 7
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,128
    SQFT
  • $306
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1913
County:

School Ratings & Info

Description

I am pleased to present, as the exclusive listing agent, is pleased to offer for sale a five-unit apartment community located at 2707 West 14th Street. The subject property is located just south of Pico Boulevard and west of Normandie Avenue near Koreatown. Situated on a 6,506 square foot parcel, the property comprises of four one-bedroom units and a stand-alone three-bedroom house. All four of the front units will be delivered vacant allowing new ownership the opportunity to renovate and achieve additional rental premiums immediately. The back house is the only occupied unit and has been thoroughly renovated and is already achieving a market rental rate. The continued gentrification of the surrounding area along with the value-add potential for a new owner to immediately renovate and lease vacant units and achieve superior future returns moving forward makes 2707 West 14th Street an excellent acquisition opportunity.

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-08-14T16:43:10.07. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.trulinerealty.com/homes/128209878
Print Image

2707 W 14TH St Los Angeles, CA 90006

  • Price: $1,570,000
  • Status: Active
  • On Site: 106 Days
  • Updated: 22 min ago
  • ID#: 22-151591
7
Beds
0
Baths
0
½ Baths
0.15
Acres
5,128
SQFT
$306
$/SQFT
1913
Built
Neighborhood:
Mid Los Angeles
County:
Los Angeles
Area:
Mid Los Angeles
Property Description
I am pleased to present, as the exclusive listing agent, is pleased to offer for sale a five-unit apartment community located at 2707 West 14th Street. The subject property is located just south of Pico Boulevard and west of Normandie Avenue near Koreatown. Situated on a 6,506 square foot parcel, the property comprises of four one-bedroom units and a stand-alone three-bedroom house. All four of the front units will be delivered vacant allowing new ownership the opportunity to renovate and achieve additional rental premiums immediately. The back house is the only occupied unit and has been thoroughly renovated and is already achieving a market rental rate. The continued gentrification of the surrounding area along with the value-add potential for a new owner to immediately renovate and lease vacant units and achieve superior future returns moving forward makes 2707 West 14th Street an excellent acquisition opportunity.
Exterior Features

Lot Size Area 6506 Other Structures None Parking Garage None Total Parking 0

Interior Features

Baths Total 6.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 930292 Gross Income 147000 Gross Operating Income 142590 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 104116.00 Number Of Buildings 2 Number Of Units 5 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 38474 Type Of Units Residential Year Built Source Assessor Zoning R2-1- Hpoz

Listing provided courtesy of Sean Rosenzweig DRE#01406343 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-08-14T16:43:10.07. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-151591-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-151591-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-151591-2.jpg
Logo
TruLine Realty
2999 Overland Ave., Suite 116
Los Angeles CA, 90064