$1,900,000
SOLD SEP 13, 2024
-- Bed
20 Baths
10,204 Sq Ft
8,205 Sq Ft Lot

Recently Sold

$186 Per Sq Ft

5% Below List Price

28 Days on Market

About This Home

As of September 2024

239 W 25th Street is a 20-unit investment opportunity located in Downtown LA between Grand Avenue and just north of West Adams Boulevard. The property is situated in directly across the street from the 2023 built Jasper Apartments; a seven-story mixed-use community with 296 apartments and 5,000 square feet of commercial space, and across from The Lorenzo; one of the largest and the most upscale student housing community for USC students. The offering is listed at a low 9.7 GRM with tremendous upside in rents; over 73% rental upside for the new ownership to capture as units turn. The value-add investment opportunity is offered at a low $196 per square foot and $100,000 per unit at the asking price. The building features 17 spacious studio units, and 3 one-bedroom/one-bathroom units.The subject property is located in a dense, infill location, less than a mile away from the USC campus, and walking distance to the lively retail shops of Figueroa Street, with a short walk from the Metro Line. This neighborhood continues to grow at a rapid pace, with a large amount employment and transit options giving residents an easy commute throughout the city to other prominent areas.239 W 25th Street, a 20-unit investment opportunity located in Downtown LA between Grand Avenue and just north of West Adams Boulevard. The property is situated in directly across the street from the 2023 built Jasper Apartments; a seven-story mixed-use community with 296 apartments and 5,000 square feet of commercial space, and across from The Lorenzo; one of the largest and the most upscale student housing community for USC students.The offering is listed at a low 9.7 GRM with tremendous upside in rents; over 73% rental upside for the new ownership to capture as units turn. The value-add investment opportunity is offered at a low $196 per square foot and $100,000 per unit at the asking price. The building features 17 spacious studio units, and 3 one-bedroom/one-bathroom units. The subject property is located in a dense, infill location, less than a mile away from the USC campus, and walking distance to the lively retail shops of Figueroa Street, with a short walk from the Metro Line. This neighborhood continues to grow at a rapid pace, with a large amount employment and transit options giving residents an easy commute throughout the city to other prominent areas.

Last Agent to Sell the Property

Sean Nami

Lyon Stahl Investment Real Estate, Inc. License #01949705 Listed on: 06/05/2024

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Ian Amirian

Franklin Realty Brokers License #01922895

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Home Design

  • 10,204 Sq Ft Home
  • Split Level Home

Additional Features

  • 20 Bathrooms
  • 8,205 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 20 Units

Listing and Financial Details

  • The owner pays for gas, electricity, water
  • Assessor Parcel Number 5126-020-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Living Area: 10204
  • Lot Acreage: 0.1884
  • Probate: No
  • Year Built: 1923
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Total Bathrooms: 20.00
  • Price Per S Q F T: 196.00

Exterior Features

  • Other Structures: None

Utilities

  • Heating: Wall

Lot Info

  • Assessor Parcel Number: 5126-020-012
  • Lot Size Area: 8205

Rental Info

  • Owner Pays: Gas, Electricity, Water

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 9.70
  • Number Of Units: 20
  • Total Annual Expense: 102619
  • Type Of Units: Apartments
  • Vacancy Rate: 85%

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2024 10/08/24 Off Market $1,395 -- --
10/02/2024 10/02/24 For Rent $1,395 0.0% --
09/13/2024 09/13/24 Sold $1,900,000 -5.0% $186 / Sq Ft
07/03/2024 07/03/24 Pending -- -- --
06/05/2024 06/05/24 For Sale $2,000,000 -- $196 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 24-402011

The MLS