$4,750,000 Price Analysis   ♡   Los Angeles, CA 90023 9 bed 16 bath 15,244 SqFt ($311/SqFt) 6,267SqFt lot. Built 1914 Listed 2024-04-23, Taxes $47,873 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
We are proud to present The Lofts
A high-income pr oducing mixed-use 16u + 5 retail investment opportunity located at 2195 Whittier Blvd. in Los Angeles, California. This rare opportunity is comprised of 16 apartment units on the 2nd and 3rd floor as well as five retail storefronts on the first floor in addition to a basement level in one distinct three-story building inspired by the famous Flatiron Building in Pristine York City. The building was constructed in 1916 totaling 15, 244 building sf and highly renovated in 2020 situated on one lot totaling 6, 267 sf. Zoning is LAC2. The apartment units are currently master-metered for utilities with a RUBS program in place offering an excellent opportunity for an investor to continue capitalizing on this over time and increase the NOI. Select units have exposed brick and pleasing views of DTLA and The 6th St Bridge. The Lofts offer a diverse unit mix consisting of (7) loft-style studios + one-bath and (9) one-bedroom + one-bath units.
Many of the units have been highly renovated, offering exposed brick walls and newly installed picture windows with natural light. From the fully remodeled kitchens and baths to the recessed lights and sliding barn doors, no corner was left untouched and the attention to detail is unmatched, creating a waiting list of prospective tenants. Though plenty of the heavy lifting has been completed, the property still offers immense room for growth through further capital improvements, restructuring of retail leases and capitalizing further on market rents. (7) Studio + One-Bath (9) One-Bedroom + One-Bath (5) Retail Store-Fronts Boyle Heights benefits from being centrally located near DTLA and The Arts District in Los Angeles. The Arts District is a vibrant and dynamic neighborhood located east of Downtown LA. Originally an industrial area, the Arts District has undergone a remarkable transformation in recent years, evolving into a thriving hub for arts, culture, entertainment and innovation. Today, it stands as one of the citys most exciting and sought-after destinations, attracting artists, creatives, entrepreneurs and residents alike. In summary, the building's loction and tenants benefit from its central location, public transportation, freeway system and strong job market!
Presented by Raymond A. Rodriguez IV at
Equity Union.
Property MLS #SR24080652 from CRMLS
Lot Size Acres: 0.1438705
Lot Size Source: Public Records
Lot Size Square Feet: 6267
Bedrooms in Unit-2: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
County: Los Angeles
Cap Rate: 6.16
Source Property Type: Residential Income
Area: BOYH - Boyle Heights
Source Neighborhood: BOYH - Boyle Heights
Parcel Number: 5183022021
Zoning: LAC2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $2,903,081 + $1,031,306 $3,934,387 | $47,873 |
| 2021 | $2,846,158 + $1,011,085 $3,857,243 | $47,232 |
| 2020 | $2,816,975 + $1,000,718 $3,817,693 | $47,702 |
| 2019 | $2,761,741 + $981,097 $3,742,838 | $45,837 |
| 2018 | $2,707,590 + $961,860 $3,669,450 | $45,633 |
| 2017 | $759,536 + $245,007 $1,004,543 | $13,680 |
| 2016 | $744,644 + $240,203 $984,847 | $13,205 |
| 2015 | $733,459 + $236,595 $970,054 | $13,030 |
| 2014 | $719,092 + $231,961 $951,053 | $13,111 |
| 2013 | $715,843 + $230,913 $946,756 | $13,112 |
| 2012 | $701,807 + $226,386 $928,193 | $13,286 |
| 2010 | $688,047 + $221,948 $909,995 | $12,823 |
| 2009 | $684,528 + $220,814 $905,342 | $12,358 |
| 2009 | $682,905 + $220,290 $903,195 | $12,358 |
| 2008 | $671,106 + $216,485 $887,591 | $11,871 |
| 2007 | $657,948 + $212,241 $870,189 | $11,426 |
$4,750,000
CRMLS
Listed 2024-04-23
$4,995,000
CRMLS
Listing removed 2019-12-11
$1,835,000
PasadenaPFAR
Sold 2017-01-31
$3,597,500
Public Record
Listing removed 2013-12-31
$1,835,000
PasadenaPFAR
Listing removed 2013-12-14
$1,835,000
ITECH
Listed 2013-09-25
$1,835,000
PasadenaPFAR
Listed 2013-09-25
$1,835,000
ITECH
Sold 2003-08-01
$820,000
Public Record
Sold 1970-03-04
$95,000
Public Record
Year Built: 1914
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 110
Property Attached: Yes
Levels or Stories: Three Or More
Building Total Stories: 3
Structure Type: Commercial/Residential
Year Built Source: Public Records
Water Source: Public
Map directions Map directions Map directions Map directions
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 | ||||
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.