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1110 S Lake St

Los Angeles, CA 90006
  • $4,395,000

    Price
  • 9

    Bed
  • 27

    Bath
  • 14,580

    SqFt

About the Listing X74295 - X86252

CBRE, Inc., as exclusive advisor, is pleased to present an exceptional opportunity to purchase a 27-unit apartment building in the historic Pico-Union submarket west of Downtown Los Angeles. Situated on a wide street bounded by historic homes and apartments, 1110 S. Lake St. is a high-quality multifamily asset with 38% upside in rents. Mix of 9 1-bedroom 1-bath and 18 studio apartments with original hardwood flooring, exposed masonry walls, quartz counter tops and period appointments. A small, gated parking lot for approximately 5 vehicles is off the alley behind the building, laundry facility is on-site, separately-metered for gas. The Pico-Union/Westlake Submarket borders Mid-Wilshire/Koreatown, City West and Downtown Los Angeles. As these surrounding markets gentrify and become redeveloped, Westlake continues to offer ultra-low vacancy and affordable living. Current ownership has renovated a portion of the units paving the way for a buyer to grow rents and add value.

Listing Highlights for 1110 S Lake St

Status Active
Days on Site 3
Property Type Business Opportunity
MLS # 18364624
Year Built 1917
Square Footage 14,580
Lot/Acreage 0.2

Interior Details

  • Bedrooms: 9
  • Bathrooms: 27 Full
  • Appliances:
  • Air Cond:
  • Heating: Wall Gas
  • Fireplaces:
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  • Other:
  • Water:

Exterior Details

  • Garage Capacity: 5 car
  • Lot Dimensions: 60x145
  • Zoning: LACR
  • Roof:
  • Others:
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Financial Details

  • Tax Amount: N/A
  • Taxes w/Assessments: N/A
  • Tax/Property ID: N/A
  • Tax Year: N/A

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1110 S Lake St Los Angeles, CA 90006

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Listing Courtesy of Adam Peterson, Cb Richard Ellis, Inc.