1801 S Flower St

30 Unit Apartment Building For Sale Los Angeles, CA 90015

INVESTMENT HIGHLIGHTS

  • Walking distance to LA Live, Crypto.com Arena, Convention Hall (0.4 mile), and DTLA entertainment and shopping
  • Proximity to USC
  • T-Mobile® Roof Antenna

EXECUTIVE SUMMARY

WESTMAC Commercial Brokerage is proud to present 1801 S Flower St, Los Angeles, CA 90015 - 30-Unit Multifamily Investment Opportunity
Prime multifamily investment at 1801 S Flower Street, located in the heart of Downtown Los Angeles’ thriving West Adams neighborhood. This three-story brick building spans 24,096 square feet on a 7,151-square-foot lot. Featuring a desirable unit mix of 21 studio apartments and 9 one-bedroom, one-bathroom units, this property offers spacious floor plans and a 7,000-square-foot basement.
Strategically positioned within walking distance to LA Live, Crypto.com Arena, The Los Angeles Convention Center, DTLA Ritz-Carlton, the (proposed) Element Project, USC Village and Pico Station, the property boasts excellent connectivity via the Santa Monica (10) Freeway and proximity to the Figueroa Corridor BID. Additional amenities include secured entry, on-site laundry facilities, and individual gas and electric metering. This corner-lot asset offers stable income potential, making it an ideal bread-and-butter investment in a rapidly evolving urban hub—Downtown LA’s dynamic multifamily landscape.
*Walking distance to LA Live, Crypto.com Arena, Convention Hall (0.4 mile), and DTLA entertainment and shopping.
• Crypto.com Arena: 0.5 miles*
• LA Live: 0.4 miles*
• 1323-1331 S. Flower St.: an 11-story mixed-use building.
100-room hotel and 48 market-rate apartments with a 12,676 square feet of ground-floor commercial space: 0.5 miles*
• Grammy Museum: 0.6 miles*
• Microsoft Theater: 0.6 miles*
• Los Angeles Convention Center: 0.6 mile*s
• DTLA Ritz-Carlton: 0.6 miles*
• FIDM/fashion institute of design & merchandising: 0.6 mile*
• Orpheum Theatre: 1 mile*
• Los Angeles Trade Technical College: 1.2 miles*
• The Broad: 1.4 miles
• USC: 1.5 miles*
• Exposition Park (including California Science Center, Natural History Museum): 1.5 miles*
• Centro Westlake (housing, new transit amenities, retail and a hotel): 1.5 miles*
• Onni's Arts District Project: Approximately 1.5 miles*
• Grand Park: About 1.7 miles*
• Walt Disney Concert Hall: 1.8 miles*
• Sixth Street Park, Arts, and River Connectivity Project (approximately 12 acres of open and recreational space): 2 miles*
• On-site laundry (3+3)
• Walking distance to amenities and a 4-star hotel.
• Located in the Figueroa Corridor Business Improvement District.
• Adjacent to Santa Monica (10) Freeway and the Bob Hope Patriotic Hall.
• located one block away from the Porch, Toyota, Volkswagen, and Audi dealerships.
• Bordering the University of Southern California (USC) Patrol Zone.
• Proximity to nearby universities, Elementary and High Schools.
• T-Mobile antenna on a month-to-month basis
All tenants are on a month-to-month basis.
• Low Vacancy Rate (10%).
• Corner location.
• Access to (110) & (10) Freeways.
• Access to Metro Rail Blue-Line.
*approximately

Disclaimer: This offering memorandum and related materials (including any renderings, illustrations, photos, videos, simulated views, graphic images, maps, or other visual depictions (collectively, the “Documents”), are not intended to be nor shall be construed as an offer to sell or a solicitation of offers to buy the Property (whether prohibited by law or otherwise). The Documents are intended to be for general reference and informational purposes only (and are not intended to offer specific tax, investment, or legal advice of any kind). To the extent the documents contain “forward-looking statements”, such statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from the expectations expressed herein.
While the information contained herein is from sources deemed reliable, it has not been independently verified by WESTMAC Commercial Brokerage Company or Seller. This document is provided subject to errors, omissions and changes in the information (and there is no commitment or obligation to update such information) and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent of Seller.
The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them. Your sole and exclusive remedy for issues relating to the use of, or the reliance on, the documents shall be to discontinue using the information or material obtained. You agree that WESTMAC Commercial Brokerage Company and Seller shall not be liable for any damages relating to your use of, or reliance upon, the documents or any content therein (and hereby waive, disclaim and release such parties from any such damages).

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income - -

PROPERTY FACTS

Sale Type Investment
No. Units 30
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.16 AC
Building Size 24,096 SF
Average Occupancy 90%
No. Stories 3
Year Built 1913
Opportunity Zone Yes

UNIT AMENITIES

  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Pantry

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Public Transportation
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 22 - -
1+1 8 - -
Walk Score®
Very Walkable (84)
Transit Score®
Rider's Paradise (95)
Bike Score®
Very Bikeable (88)

PROPERTY TAXES

ZONING

Zoning Code LAM2
  • Listing ID: 34805572

  • Date on Market: 2/12/2025

  • Last Updated:

  • Address: 1801 S Flower St, Los Angeles, CA 90015