$1,400,000
Estimated Payment$6,612/mo

1280 West Blvd, Los Angeles, CA 90019

8Beds
4Baths
4,028Sq. Ft.
2-Story Multi-Family Home In Olympic Park

Proudly presenting this prime Mid-City 4plex at 1280 West Blvd, La 90019. Featuring four large 2+1 units with 4,028 total rentable Sf. At our $1.4M asking price, the property is priced at: $350,000/unit; a 16.25 current Grm; a 12.15 market Grm; a 4.08% current Cap; a 5.93% market Cap, and $348/SF. This clean asset presents an investor with stable in-place income, plus great future rent upside as the existing tenants vacate. All four units are currently tenant occupied, but an owner-user buyer could legally vacate a unit through the City once the eviction moratorium is lifted. This large 7,031sf lot zoned R3 also offers future redevelopment potential allowing for approx. 8 units by-right (also Toc Tier 2). Prime Mid-City location steps from the Queen Anne Park/Recreation Center and a short walk to the Midtown Crossing center with its great list of national retailers including: Lowes; Ross; Smart & Final; Starbuck's; Wells Fargo; Chase, Planet Fitness; Jersey Mike's & Panda Express to name a few. Additionally, the property is less than a mile from numerous grocery options including Ralphs; Sprouts, and the new Target Mid-City located locally on La Brea. Also only a short trip to local food favorites like Gus's Fried Chicken; the Grain Cafe; Tom's Burgers; La Cevicheria; Leo's Taco Truck, and Mateo's Fruit Bars to name a few options. A fantastic walk score of 90 and transit score of 64 makes this property a walker/commuter's paradise. It's also a very family-friendly neighborhood with great parks like La High Memorial & Harold Henry Park in close proximity, as well as quality local education options including Pico Preschool; Queen Anne Place Elementary, and La High School. Contact us today before this unique property is gone.

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1280 West Blvd
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Listing Agent
Matthew Dunfrund
Real Estate AgentLicense # 01785161
Los Angeles, CA
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$1,400,000

8 Beds4 Baths4,028 Sq. Ft.

1280 West Blvd

Los Angeles, CA 90019

Matthew Dunfrund
Real Estate Agent