
Seller's Agent in 2023
Will James
Lyon Stahl Investment Real Estate, Inc.
(310) 600-9858
3 in this area
31 Total Sales
The subject property is a thirty two (32) Unit Apartment Building located in the Westlake/ McArthur Park submarket of Los Angeles just West of Downtown. The apartment building is three stories and includes 17,364square feet. There are (22) Studios, (8) 1 Bed/1 Bath and (2) 2 Bed/1 Bath units. Buyer to do their own investigation to confirm total number of legal units in the building. Both gas and electric are master metered for all units. The building was built in 1906 and sits on a 7,495 Square foot zonedLAC2-1. The building sits in the Westlake Recovery Area is designated as a Transit Oriented Community Tier 3 allowing for an 80% density bonus. The property faces East on Union Ave with walk up entry to the lobby. There are two private areas on both sides of the front walk up occupied by tenants. A billboard owned by Lamar is located at the front of the property on the Northern property line. There is alley access at the rear of the property with entry on both 8th St. to the North and James M. Wood to the South.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #01734419 Listed on: 02/27/2023
Last Buyer's Agent
Lyon Stahl Investment Real Estate, Inc. License #01734419 Listed on: 02/27/2023
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
05/16/2023 05/16/23 | Sold | $3,200,000 | -13.5% | $184 / Sq Ft |
03/29/2023 03/29/23 | Pending | -- | -- | -- |
02/27/2023 02/27/23 | For Sale | $3,700,000 | -- | $213 / Sq Ft |
Seller's Agent in 2023
Will James
Lyon Stahl Investment Real Estate, Inc.
(310) 600-9858
3 in this area
31 Total Sales
Seller Co-Listing Agent in 2023
Peter James
Lyon Stahl Investment Real Estate, Inc.
(310) 467-7581
1 in this area
19 Total Sales
Source: The MLS
MLS Number: 23-245289