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Listed by Handoko Chen, DRE #01749321 • Growth Investment Group Pasade
$ 5,790,000
Est. payment /mo
New
939 W College Los Angeles, CA 90012
0.28 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR26143019
Style Contemporary
Year Built 1972
Lot Size 0.279 Acres
Source California Regional MLS
Property Description
REDUCED PRICE! PRICED BELOW REPLACEMENT COST. 29-Unit Value-Add Opportunity by DODGER STADIUM w/ Panoramic DTLA Views, High-Upside Asset (±76% Rental Upside), 1972's Construction, Seller May Carry 1st Trust Deed. 939 W College St., a 29-unit value-add apartment community by the Dodger Stadium area, within the Solano Canyon neighborhood. This value-add apartment investment was built in 1972 and offers an excellent location just within walking distance to the Dodger Stadium, Elysian Park, and just minutes away to Downtown Los Angeles, Chinatown, Little Tokyo, and all the shopping and lifestyle options in those areas. The property was solidly constructed with steel and concrete construction and offered at a very low price per unit and low price per square foot for it's location and asset quality. The property is a podium style 4-story apartment that was built in 1972, has a large 22,677 SF building size, and situated on a ±12,171 SF LA-R4 zoned lot. It is a secured building with gated parking, has a central courtyard, shared laundry area (seller own machines), elevator, and covered garage parking. It offers a SUPERB unit mix of three (3) x 3bedroom + 2bathroom, twenty (20) x 2bedroom + 1bathroom, five (5) x 1bedroom + 1bathroom, and one (1) x Studio units. Approximately five
Location
State CA
County Los Angeles
Area Chna - Chinatown
Rooms
Kitchen Garbage Disposal, Oven Range - Gas
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry Laundry Area, Washer/Dryer - Owned, Community Facility
Exterior
Parking Features Assigned Spaces
Garage Spaces 29.0
Pool 31, None
View City Lights
Roof Type Flat / Low Pitch
Building
Lot Description Grade - Level
Story Three or More Stories
Water District - Public
Architectural Style Contemporary
Others
Tax ID 5406025028
Special Listing Condition Not Applicable
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