For Sale
$1,625,000
Property Description
Marcus and Millichap is pleased to present an eight (8) unit apartment building located at 4800 Coliseum Street in Los Angeles, California. The subject property is situated in a solid Baldwin Village location, south of Coliseum Street and east of South La Brea Avenue.
Baldwin Village is a rapidly developing area known predominantly as an affordable transportation hub, allowing dominant access from the Metro and numerous freeways to Downtown Los Angeles, Santa Monica, Beverly Grove, and Koreatown. Recently, the community just finished development on the long anticipated Rancho Cienega Recreation Center, adjacent to Susan Miller Dorsey Senior High School. The area is lush with tropical style trees and foliage and is right next to Baldwin Vista which boasts hiking trails, playgrounds, a disc golf course, and a Japanese Garden. Located less than half a mile away, Jim Gilliam Park and Tennis Court is the closest option for residents of the subject property. For commuters, bus stops are located generously along Coliseum Street.
Built in 1954, this property contains a great unit mix of four (4) one bedroom / one bathroom units and four (4) two bedroom / one bathroom units. Situated on a signalized hard corner, the property features a large open center shared courtyard, large units, seven (7) gated carport parking spaces, and is well-maintained. Tenants will enjoy being in a central location to nearby employers throughout Los Angeles, as well as being in close proximity to restaurant and retail amenities across South La Brea Avenue and West Martin Luther King Jr Boulevard. Some of the amenities include the Baldwin Hills Crenshaw Plaza, Pizza Rossa, Yordanos Ethiopian, and Lany Kitchens Bakery. Employers in the area are large-size businesses including Marathon, Whitboy Inc., A & W Contractors Inc., Ideal Program Services, Retrospecs & Co Authentic Earl, Stanley pest Control Los Angeles Branch, Angelus, Cardenas Trucking Inc., Angelus Funeral Home, Gare Inc., and Towing Specialists Inc.
Situated in a solid Baldwin Village location, this offering presents an excellent opportunity for a value-add investor to capitalize on over 55% rental upside potential in an affordable transportation hub of Los Angeles.
Contact Agent
Jason Tuvia / Nick Mejerski
818.212.2735
Unit Mix
Four (4) One Bedroom / One Bathroom Units & Four (4) Two Bedroom / One Bathroom Units
Property Type
Multifamily
Submarket
Price
Size
7,236 SF
Total Units
Year Built
1954
Property Location
4800 Coliseum St, Los Angeles, CA 90016, USA
Property Description
Marcus and Millichap is pleased to present an eight (8) unit apartment building located at 4800 Coliseum Street in Los Angeles, California. The subject property is situated in a solid Baldwin Village location, south of Coliseum Street and east of South La Brea Avenue.
Baldwin Village is a rapidly developing area known predominantly as an affordable transportation hub, allowing dominant access from the Metro and numerous freeways to Downtown Los Angeles, Santa Monica, Beverly Grove, and Koreatown. Recently, the community just finished development on the long anticipated Rancho Cienega Recreation Center, adjacent to Susan Miller Dorsey Senior High School. The area is lush with tropical style trees and foliage and is right next to Baldwin Vista which boasts hiking trails, playgrounds, a disc golf course, and a Japanese Garden. Located less than half a mile away, Jim Gilliam Park and Tennis Court is the closest option for residents of the subject property. For commuters, bus stops are located generously along Coliseum Street.
Built in 1954, this property contains a great unit mix of four (4) one bedroom / one bathroom units and four (4) two bedroom / one bathroom units. Situated on a signalized hard corner, the property features a large open center shared courtyard, large units, seven (7) gated carport parking spaces, and is well-maintained. Tenants will enjoy being in a central location to nearby employers throughout Los Angeles, as well as being in close proximity to restaurant and retail amenities across South La Brea Avenue and West Martin Luther King Jr Boulevard. Some of the amenities include the Baldwin Hills Crenshaw Plaza, Pizza Rossa, Yordanos Ethiopian, and Lany Kitchens Bakery. Employers in the area are large-size businesses including Marathon, Whitboy Inc., A & W Contractors Inc., Ideal Program Services, Retrospecs & Co Authentic Earl, Stanley pest Control Los Angeles Branch, Angelus, Cardenas Trucking Inc., Angelus Funeral Home, Gare Inc., and Towing Specialists Inc.
Situated in a solid Baldwin Village location, this offering presents an excellent opportunity for a value-add investor to capitalize on over 55% rental upside potential in an affordable transportation hub of Los Angeles.
Contact Agent
Jason Tuvia / Nick Mejerski
818.212.2735
(818) 448-4415
CalBRE #01772495
Unit Mix
Four (4) One Bedroom / One Bathroom Units & Four (4) Two Bedroom / One Bathroom Units
Property Details
Property Type
Multifamily
Submarket
Baldwin Village
Price
$1,625,000
Price per Unit
$203,125
Price per SF
$224.57
Status
For Sale
Size
7,236 SF
Total Units
8
Year Built
1954
Property Location
4800 Coliseum St, Los Angeles, CA 90016, USA