2716 S La Brea Ave, Los Angeles, CA 90016

PROPERTY WEBSITE with OM: https://properties.berkadia.com/2716-south-la-brea-avenue-489637/

Berkadia is excited to exclusively offer for sale, 2716 S. La Brea Avenue, a renovated 8-unit apartment community in Los Angeles’ prime Baldwin Hills neighborhood. Units are bright and airy with modern, luxury finishes including hardwood-style flooring, sleek kitchens with quartz counters, stainless-steel appliances and beautiful cabinetry. The community offers gated access, on-site laundry facilities, and 9 parking spaces. Built in 1964, this investment opportunity offers approximately $200/unit/month in proven rental upside, with a 5.5% cap rate on the current rent roll.

The property is within walking distance to CENTO Pasta Bar, Chulita, and the Baldwin Hills Public Library. The Metro Expo “E” Line Expo/La Brea station is less than one-half mile, providing direct access to USC, Exposition Park, BMO Stadium and DTLA, as well as Culver City and Santa Monica. Strong Area Demographics include an Average Household Income of over $144.8K and an Average Housing Value over $1.57 Million (within 3-mile radius).