We are pleased to present a 28 bedroom co-living multifamily investment opportunity at 2260-2262 West 15th Street in Los Angeles, California. The property is located just south of Pico Boulevard and east of Vermont Avenue. This fully vacant new construction property was completed in 2022 and is located in Pico… Read More Union adjacent to Koreatown and Downtown Los Angeles. Each bedroom has its own on-suite bathroom with a community kitchen and amenities. The property is split between two duplexes consisting of 7 bedroom and 7 bathrooms in each unit. An investor can rent each unit individually or master lease to a low income housing group. The property is also non rent controlled and has eight parking spaces. Some of the parking is garage parking that could be an easy ADU opportunity. 2260 2262 West 15th Street is an ideal co-living investment that would get a new investor to a pro forma 7.31% cap rate after lease up. Read Less
Property listed by Marcus & Millichap, Jason Tuvia 818-212-2700
Listing Snapshot
Days Online
89
Last Updated
Property Type
Other
Beds
28
Square Ft.
9,884
Lot Size
0.15 Acres
Year Built
2022
MLS Number
25484633
30 Days Snapshot Of 90006
$742k
-9%
(avg) sold price
5
+25%
homes sold
62
-3%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 2022, Building area total: 9,884, Levels: ThreeOrMore, Living area: 9884, 2 buildings, Architectural style: Modern
Cooling
CentralAir
Heating
Central
Income
Gross income: $462,000, Net operating income: $348,992
Lot
0.155 acres, 6,751 square feet, Size: 6,751
Parking
8 totals parking, Driveway
Property
Zoning: LAR3, CityLights
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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