Built in 1990, the fully occupied 40-unit apartment building at 2420 S Western Avenue sits on a large 35,439 square foot lot, offering plenty of space for future development. The 32,705 square foot building, zoned LARD1.5, provides an excellent opportunity for investors looking to capitalize on a property with both modern construction and significant potential for expansion. Its prime location and generous lot size make it ideal for long-term growth and increased rental income. Offered under a bankruptcy sale, this property presents a rare chance to acquire a significant asset in a high-demand area. Buyers should be aware that the property is subject to various covenants and restrictions that may impact tenant selection, income, and rent levels. Prospective buyers are strongly encouraged to independently verify all information, including square footage and zoning regulations.
Property Details
Price:
$9,000,000
MLS #:
P1-19129
Status:
Active Under Contract
Baths:
0
Address:
2420 S Western Avenue
Type:
Commercial
Subtype:
Multi Family
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Jul 17, 2024
State:
CA
ZIP:
90018
Year Built:
1990
Schools
Interior
Exterior
Parking Spots
0.00
Water Source
Public
Financial
Map
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2420 S Western Avenue
Los Angeles, CA
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