425 S Detroit St | Los Angeles, CA 90036
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- LoopNet Team
425 S Detroit St
Los Angeles, CA 90036
Multifamily Property For Sale · 24 Units
Investment Highlights
- 425 South Detroit Street is a 100% vacant luxury apartment building totaling 24 units in the Miracle Mile neighborhood of Los Angeles
- The property is located just north of 6th Street between South Cochran Avenue and South La Brea Avenue in Miracle Mile
- This is a true value-add investment opportunity by completing the interior unit renovations to achieve market rents
- The property features eight junior one-bedrooms and 16 one-bedrooms. All units will be delivered vacant at the close of escrow
- The building, built in 1928, has a luxury exemption from the City of Los Angeles’ Rent Stabilization Ordinance
- The building has a large basement with community laundry (three washers and three dryers), with potential to add amenities for residents or ADU's
PROPERTY FACTS
| No. Units | 24 | Lot Size | 0.18 AC |
| Property Type | Multifamily | Building Size | 20,272 SF |
| Property Subtype | Apartment | Average Occupancy | 87% |
| Apartment Style | Mid Rise | No. Stories | 4 |
| Building Class | C | Year Built | 1928 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 20,272 SF |
| Average Occupancy | 87% |
| No. Stories | 4 |
| Year Built | 1928 |
Unit Amenities
- Ceiling Fans
- Refrigerator
- Oven
- Range
- Dining Room
Site Amenities
- Laundry Facilities
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | $2,450 | 534 - 606 |
PROPERTY TAXES
| Parcel Number | 5508-005-007 | Improvements Assessment | $2,427,893 |
| Land Assessment | $5,665,086 | Total Assessment | $8,092,979 |
PROPERTY TAXES
Parcel Number
5508-005-007
Land Assessment
$5,665,086
Improvements Assessment
$2,427,893
Total Assessment
$8,092,979
zoning
| Zoning Code | LAR4 |
| LAR4 |
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