Description
We are pleased to present an eight (8) unit apartment building located at 4800 Coliseum Street in Los Angeles, California. The subject property is situated in a solid Baldwin Village location, south of Coliseum Street and east of South La Brea Avenue. Built in 1954, this property contains a great unit mix of four (4) one bedroom / one bathroom units and four (4) two bedroom / one bathroom units. Situated on a signalized hard corner, the property features a large open center shared courtyard, large units, seven (7) gated carport parking spaces, and is well-maintained. Tenants will enjoy being in a central location to nearby employers throughout Los Angeles, as well as being in close proximity to restaurant and retail amenities across South La Brea Avenue and West Martin Luther King Jr Boulevard. Some of the amenities include the Baldwin Hills Crenshaw Plaza, Pizza Rossa, Yordanos Ethiopian, and Lany Kitchens Bakery. Employers in the area are large-size businesses including Marathon, Whitboy Inc., A & W Contractors Inc., Ideal Program Services, Retrospecs & Co Authentic Earl, Stanley pest Control Los Angeles Branch, Angelus, Cardenas Trucking Inc., Angelus Funeral Home, Gare Inc., and Towing Specialists Inc. Situated in a solid Baldwin Village location, this offering presents an excellent opportunity for a value-add investor to capitalize on over 55% rental upside potential in an affordable transportation hub of Los Angeles.
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12BEDS
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0.19ACRES
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0BATHS
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01/2 BATHS
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7,236SQFT
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$216$/SQFT
School Ratings & Info
Description
We are pleased to present an eight (8) unit apartment building located at 4800 Coliseum Street in Los Angeles, California. The subject property is situated in a solid Baldwin Village location, south of Coliseum Street and east of South La Brea Avenue. Built in 1954, this property contains a great unit mix of four (4) one bedroom / one bathroom units and four (4) two bedroom / one bathroom units. Situated on a signalized hard corner, the property features a large open center shared courtyard, large units, seven (7) gated carport parking spaces, and is well-maintained. Tenants will enjoy being in a central location to nearby employers throughout Los Angeles, as well as being in close proximity to restaurant and retail amenities across South La Brea Avenue and West Martin Luther King Jr Boulevard. Some of the amenities include the Baldwin Hills Crenshaw Plaza, Pizza Rossa, Yordanos Ethiopian, and Lany Kitchens Bakery. Employers in the area are large-size businesses including Marathon, Whitboy Inc., A & W Contractors Inc., Ideal Program Services, Retrospecs & Co Authentic Earl, Stanley pest Control Los Angeles Branch, Angelus, Cardenas Trucking Inc., Angelus Funeral Home, Gare Inc., and Towing Specialists Inc. Situated in a solid Baldwin Village location, this offering presents an excellent opportunity for a value-add investor to capitalize on over 55% rental upside potential in an affordable transportation hub of Los Angeles.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-07-05T23:42:50.647. 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.