For Sale
$3,500,000

1835 Beloit Ave Los Angeles, CA 90025

7-Unit Building, Vacant, Motivated Seller

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional Los Angeles investment opportunity presents a 7-unit multifamily property, currently vacant, situated on a 6,975 sq ft lot. The property comprises two buildings, a single-family residence and a six-unit apartment building, totaling 4,671 net rentable square feet. Built in 1959 and renovated in 2010, this Class B property offers significant value-add potential. The property is located at 1835 Beloit Ave, Los Angeles, CA 90025, in the desirable Tucker-Langdon Tract. Individual gas and electric meters are in place for each unit. The existing single-family residence offers the potential for conversion into additional rental units, increasing the overall return on investment. The property is being offered at $3,500,000. All information should be verified by the buyer. This is a rare opportunity to acquire a vacant multifamily property in a prime Los Angeles location with substantial upside potential. The property's two-story configuration and existing infrastructure provide a solid foundation for a successful value-add strategy. The current vacancy allows for immediate implementation of renovations and rent increases, maximizing profitability. This property is being sold as-is.

Highlights

  • 7-unit multifamily property in Los Angeles, currently vacant.
  • Located on a 6,975 sq ft lot at 1835 Beloit Ave, Los Angeles, CA 90025, in the Tucker-Langdon Tract.
  • 4,671 net rentable square feet; two buildings (one single-family, one six-unit apartment building).
  • Built in 1959, renovated in 2010 (Class B); significant value-add potential.
  • Individual gas and electric meters; single-family residence convertible to additional units.
  • Offered at $3,500,000; sold as-is.

Property Details for 1835 Beloit Ave

Property type
Residential income homes, Apartment buildings
Class
B
Year Built/Renovated
1959/2010
Buildings
2
Stories
2
Units
7

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.043471
Longitude
-118.4448282

FAQs

What type of property is this?
Residential income home - 7-Unit Building, Vacant, Motivated Seller
Where is the residential income home located?
The property is located at 1835 Beloit Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 7-unit multifamily property in Los Angeles, currently vacant.; Located on a 6,975 sq ft lot at 1835 Beloit Ave, Los Angeles, CA 90025, in the Tucker-Langdon Tract.; 4,671 net rentable square feet; two buildings (one single-family, one six-unit apartment building).
How can I contact the broker?
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1835 Beloit Ave
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