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$ 2,275,000
Est. payment | /mo
2,017 SqFt
$ 2,275,000
Est. payment | /mo
2,017 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 2,017 sqft
Price per Sqft $1,127
MLS Listing ID CL26682175
HOA Y/N No
Year Built 1989
Lot Size 7,319 Sqft
Acres 0.168
Property Sub-Type Other
Property Description
We are pleased to present an eight (8) unit apartment building located at 2109 Manitou Ave in Los Angeles, California. The subject property is located in a good Lincoln Heights location, south of N Broadway and West of Griffin Ave. Located in Lincoln Heights just minutes from Downtown LA, this property offers strong accessibility and long-term upside. The asset is not subject to Los Angeles City rent control and features an excellent unit mix of two one-bedroom, four two-bedroom, and two three-bedroom units, with one unit delivered vacant. Five of the eight units have been renovated. Units are separately metered for gas and electricity and include individual water heaters. The property offers fourteen covered, gated on-grade parking spaces and on-site laundry. Tenants benefit from proximity to major corridors, freeways, Metro access, parks, and popular local amenities including cafes, retail, and Dodger Stadium nearby. With RSO exemption, strong in-place income, one vacancy for immediate upside, and a well-located position in Lincoln Heights, this asset presents a compelling and flexible investment opportunity.
Location
State CA
County Los Angeles
Zoning LARD3
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5204006018
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Listed by Kian Maronde • Marcus & Millichap
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