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Sold for $4,260,000 on 08/02/23
  • Listing Provided by: 

    Tyler Leeson DRE #01451551 949-419-3200,

    Marcus & Millichap RE Invest

    $4,260,000

    2495 Corinth Ave, Los Angeles, CA 90064

    --beds
    --baths
    9,600sqft
    Multi Family
    Built in 2006
    -- sqft lot
    $3,873,800 Zestimate®
    $444/sqft
    $3,050 Estimated rent

    What's special

    2495 Corinth Avenue is an 8-unit multifamily investment opportunity located in West Los Angeles, CA. 2495 Corinth Avenue offers a desirable mix consisting exclusively of 2 bed / 2.5 bath townhome units. The property features an attractive amenities package including controlled access, hardwood flooring, granite countertops, stainless steel appliances, in-unit laundry, private balconies, and a gated parking garage. Additionally, each unit features a spacious rooftop patio, offering residents a unique outdoor living space. Los Angeles’ continued strong rental metrics, including a 2022 occupancy rate of 96.5 percent and year-over-year rent growth of 4.5 percent, provide a new owner with the opportunity to take advantage of the substantial demand for rental units in the area. With current rents below market rates, 2495 Corinth Avenue represents an attractive opportunity for a new owner. 2495 Corinth Avenue benefits from its attractive West Los Angeles location, situated moments from a plethora of retail, dining, and entertainment options in Sawtelle Japantown. The property is within a 0.50-mile radius of all three levels of education including Richland Avenue Elementary School, Daniel Webster Middle School, and Magnolia Science Academy. Additionally, 2495 Corinth Avenue benefits from its close proximity to the Interstate 10 and Interstate 405 interchange, connecting residents to employment hubs throughout Los Angeles County.

    Zillow last checked: 7 hours ago

    Listing updated: August 03, 2023 at 07:25am

    Listing Provided by:

    Tyler Leeson DRE #01451551 949-419-3200,

    Marcus & Millichap RE Invest

    Bought with:

    Tyler Leeson, DRE #01451551

    Marcus & Millichap RE Invest

    Source: CRMLS,MLS#: OC23092003MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Appliances
    • Included: Dryer, Washer
    Features
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 9,600
    • Total interior livable area: 9,600 sqft

    Property

    Parking
    • Total spaces: 16
    • Parking features: Garage
    • Garage spaces: 16
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: First Floor
    • Pool features: None
    Lot
    • Size: 7,405 sqft
    • Features: Street Level
    Details
    • Parcel number: 4260038019
    • Zoning: LAR3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • New construction: No
    • Year built: 2006

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Curbs, Sidewalks
    Location
    • Region: Los Angeles

    HOA & financial

    Other financial information
    • Total actual rent: 25350

    Other

    Other facts
    • Listing terms: Cash to New Loan,1031 Exchange
    Services availability
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    Estimated market value

    $3,873,800