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240-248 S Western Ave
Los Angeles, CA 90004
St. Charles Apartments · Multifamily Property For Sale
·
54 Units
Investment Highlights
- PRICE REDUCED BY $460,000. SUBMIT ALL OFFERS.
- The St. Charles Apartment's generates income from four different avenues: Apartments, Retail, Billboard, and a Cell Tower.
- $2,000,000 spent on CAPEx improvements including renovations to 24-apartment units, common area and building system enhancements and retail renovation
- St. Charles Apartments features 54 apartment units plus 4 retail spaces plus a billboard and a cell antennae on one of Koreatown’s main thoroughfare
- Value-add component focusing mostly on the operational side. The retail units are vacant allowing an owner to re-tenant the property for the submarket
- While current ownership has renovated a significant portion of the units, The property still features rental upside on un-renovated units
Property Facts
| No. Units | 54 | Lot Size | 0.30 AC |
| Property Type | Multifamily | Building Size | 44,988 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1925 |
| Building Class | C | ||
| Zoning | LAC2 - Commercial | ||
| No. Units | 54 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 44,988 SF |
| No. Stories | 4 |
| Year Built | 1925 |
| Zoning | LAC2 - Commercial |
Amenities
Unit Amenities
- Cable Ready
- Disposal
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Hardwood Floors
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Views
- Vinyl Flooring
- Window Coverings
Site Amenities
- 24 Hour Access
- Business Center
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Gated
- Recycling
- Elevator
- Online Services
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 51 | - | 500 - 550 |
| 1+1 | 3 | - | 700 - 750 |
Property Taxes
| Parcel Number | 5517-007-017 | Improvements Assessment | $7,808,631 |
| Land Assessment | $4,740,954 | Total Assessment | $12,549,585 |
Property Taxes
Parcel Number
5517-007-017
Land Assessment
$4,740,954
Improvements Assessment
$7,808,631
Total Assessment
$12,549,585
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