4800 Coliseum Street

4800 Coliseum St, Los Angeles, CA 90016, USA

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