Prime Mid-City | 9-Unit Apartment
Marcus and Millichap is pleased to present 1007 W 25th Street, Los Angeles, CA 90007.
This property is a 9-unit multifamily building located in the historic West Adams neighborhood near the University of California campus. Originally constructed in 1938, the property features 9 one-bedroom / one-bathroom apartments within 4,200 rentable square feet. Tenants have on-site parking in the back and there is a public lot directly neighboring the property for overflow. There is approximately 70% upside in rents and there is currently 1 vacancy.
The property is well located within the USC Department of Safety Patrol Zone, is in walking distance to Ralphs grocery, approximately 1 mile from Staples Center, and has easy access to both the 10 and 110 freeways. The West Adams neighborhood is experiencing revitalization with young professionals because of its central location, numerous great restaurants, amenities, and an influx of new businesses moving into the area. Many historic homes and apartment buildings are being renovated and restored to their previous elegance to accommodate this influx of new population. This property will appeal to savvy investors looking for a value-add opportunity with tremendous upside in rents in a neighborhood experiencing substantial growth.
Building Size: 4,200 SF
Lot Size: 14,147 (.33 Acres)
Number of Units: 9
Year Built: 1938
Zoning: LARD 1.5
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