Los Angeles, CA 90011,2323 Wall St
Los Angeles, CA 90011,2323 Wall St
Los Angeles, CA 90011,2323 Wall St
6
$1,150,000
$1,200,000
4.2%
Est.Price: ?

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11 BD
5 BA
4,530 SqFt

2323 Wall St Los Angeles, CA 90011

Est. payment /mo
SOLD DATE : 07/03/2024

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Key Details

Sold Price $1,150,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,530 sqft

Price per Sqft $253

MLS Listing ID 23-337483

Sold Date 07/03/24

Bedrooms 11

Year Built 1903

Lot Size 7,502 Sqft

Acres 0.1722

Property Sub-Type Multi-Family

Property Description

We are pleased to offer for sale a five-unit apartment community located at 2323 Wall Street. The subject property is conveniently located just south of the 10 Freeway within the dense South Los Angeles Sub-Market. South Los Angeles, nestled south of downtown, is a dynamic urban neighborhood where diverse cultures intermingle, creating a rich mosaic of traditions and experiences. South LA's strong sense of community shines through at local parks and venues, while recent urban revitalization efforts have brought new businesses and dining options. Situated on a 7,500 square foot parcel, the property is comprised of two-bedroom and three-bedroom units (buyer to verify unit configuration). There is 25% rental upside through interior renovations. Two units will be delivered vacant allowing new ownership to immediately renovate in order to achieve market rental rates. Ownership is only responsible for paying water utilities, tenants pay gas & electric. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate units and achieve superior future returns moving forward makes 2323 Wall Street an excellent acquisition opportunity. ***BUYER TO VERIFY UNIT CONFIGURATION***

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LARD2

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features None

Garage Spaces 4.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Marcus & Millichap
Bought with Marcus & Millichap

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agent

Asianna Joyce

Agent | License ID: 02204089

+1(310) 717-8030

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