$1,510,000
$1,575,000
4.1%For more information regarding the value of a property, please contact us for a free consultation.
10 Beds
8 Baths
5,662 SqFt
SOLD DATE : 12/02/2024
Key Details
Sold Price $1,510,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,662 sqft
Price per Sqft $266
MLS Listing ID 24458199
Sold Date 12/02/24
Bedrooms 10
HOA Y/N No
Year Built 1962
Lot Size 7,501 Sqft
Property Description
2641 S La Salle Avenue, located in the sought-after West Adams neighborhood. This well-maintained property consists of eight spacious units: six (1 bed + 1 bath) and two (2 bed + 1 bath). Residents benefit from convenient amenities, including covered parking and on-site laundry facilities. This property represents a compelling value-add investment with a potential rental upside of + 45% without the addition of an Accessory Dwelling Unit (ADU) and + 58% with the inclusion of a studio ADU. Additionally, two of the units will be delivered vacant. The 5,662 sq. ft. building is situated on a +/- 7,500 sq. ft. lot, making it a prime investment in a dynamic and growing area. Residents of 2641 S La Salle Avenue benefit from the property's central location, offering easy access to major employment hubs and convenient connectivity to the broader Los Angeles area. The building is strategically situated near the 10 and 110 Freeways, providing seamless commutes to Downtown Los Angeles, CulverCity, and other key areas. This prime location ensures that residents are never far from work, entertainment, shopping, and dining, making it an attractive choice for those seeking both convenience and a vibrant urban lifestyle.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Heating Forced Air
Fireplace No
Laundry Common Area
Exterior
Parking Features Attached Carport, Uncovered
Attached Garage Yes
Total Parking Spaces 8
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5053019020
Special Listing Condition Standard
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Bought with Shawn Mehrannia • Home Team Realty