2335 Wall St, Los Angeles, CA 90011
2335 Wall St, Los Angeles, CA 90011
2335 Wall St, Los Angeles, CA 90011
11
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$2,800,000
Est. payment /mo
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18 Beds
20 Baths
15,771 SqFt
Price Dropped by $95K

2335 Wall St Los Angeles, CA 90011

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 15,771 sqft

Price per Sqft $177

MLS Listing ID 26669741

Bedrooms 18

Year Built 1970

Lot Size 0.344 Acres

Acres 0.3445

Property Sub-Type Multi-Family

Property Description

Despite being constructed in 1970, the property is priced at only $178 per square foot and $140,000 per unit, which are attractive values, even when compared to far older properties that have sold in the immediate area. A new owner can capitalize on the upgraded electrical system, which could potentially reduce both energy and insurance costs. The property occupies a double lot and includes a large parking area capable of holding 22 vehicles. This rare amenity, coupled with the building's convenient access to nearby shopping and dining destinations (Walk Score of 89), helps to attract higher-paying tenants to the property. A new owner can take advantage of these factors as they add value by recapturing the approximately 54% rent upside that the asset offers. Situated near LA Live, the Crypto.com Arena, the Los Angeles Coliseum, and the Los Angeles Convention Center, the property is adjacent to several 2028 Summer Olympics venues. Therefore, it stands to potentially benefit from upcoming infrastructure improvements and an influx of capital to the immediate area, all to the benefit of a new owner.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LARD2

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Assigned, Attached

Garage Spaces 22.0

Building

Story 3

Level or Stories Multi/Split

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Marcus & Millichap

NEARBY SCHOOL & BUSINESS

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Roddy de la Garza

Roddy de la Garza

Broker Associate / Area Leader | License ID: CA 01995374 / TX 431113

+1(323) 696-5375

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2335 Wall St