3066 15Th StLos Angeles, CA 90019

This exceptional 22-unit apartment building presents a compelling investment opportunity in Los Angeles' desirable Arlington Heights neighborhood. Built in 1964, the property boasts 14,407 square feet on a 14,587 square foot corner lot zoned LAR3. The building offers a desirable unit mix, primarily two-bedroom apartments, with significant potential for rent increases, representing approximately 54% upside. Located at 3066 W 15th St, Los Angeles, CA 90019, this property benefits from its strategic location near Mid-City and Koreatown, providing easy access to major freeways (including the 10 FWY), public transportation, and a vibrant array of restaurants, bars, and cultural attractions. The asking price is $4,615,000, translating to $225,000 per unit and $343.58 per square foot. The property's 4.00% cap rate further underscores its strong investment potential. This well-positioned asset offers a rare chance to acquire a substantial property in a high-demand, growth submarket with considerable repositioning opportunities and impressive street frontage. The property's central location within Los Angeles ensures convenient access to key employment centers throughout the wider region.