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2323 Wall Street

Los Angeles, CA 90011

$1,300,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $286 / sqft

1903

calendar_month Built

Property Description

We are pleased to offer for sale a five-unit apartment community located at 2323 Wall Street. The subject property is conveniently located just south of the 10 Freeway within the dense South Los Angeles Sub-Market. South Los Angeles, nestled south of downtown, is a dynamic urban neighborhood where diverse cultures intermingle, creating a rich mosaic of traditions and experiences. South LA's strong sense of community shines through at local parks and venues, while recent urban revitalization efforts have brought new businesses and dining options. Situated on a 7,500 square foot parcel, the property is comprised of two-bedroom and three-bedroom units (buyer to verify unit configuration). There is 25% rental upside through interior renovations. Two units will be delivered vacant allowing new ownership to immediately renovate in order to achieve market rental rates. Ownership is only responsible for paying water utilities, tenants pay gas & electric. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate units and achieve superior future returns moving forward makes 2323 Wall Street an excellent acquisition opportunity. ***BUYER TO VERIFY UNIT CONFIGURATION***

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 2323 Wall Street
City Los Angeles
State CA
Zip 90011
County Los Angeles
Listing Agent Sean Rosenzweig DRE#01406343
Courtesy Of Marcus & Millichap
MLS 23337483
List Price $1,300,000
Status Active
Type Residential Income
Structure Size N/A
Lot Size 7,502
Year Built 1903
DOM 120

Exterior Information

Maps

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king_bed N/A
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king_bed N/A
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straighten N/A
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Listing information courtesy of: Sean Rosenzweig, Marcus & Millichap . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 3rd, 2024 at 10:44 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.