425 S Detroit St | Los Angeles, CA 90036
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- 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 |
| Zoning | LAR4 - Multi Family Dwelling | ||
| 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 |
| Zoning | LAR4 - Multi Family Dwelling |
AMENITIES
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 | $2,476,450 |
| Land Assessment | $5,778,387 | Total Assessment | $8,254,837 |
PROPERTY TAXES
Parcel Number
5508-005-007
Land Assessment
$5,778,387
Improvements Assessment
$2,476,450
Total Assessment
$8,254,837
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
