$4,260,000
$4,600,000
7.4%For more information regarding the value of a property, please contact us for a free consultation.
2495 Corinth AVE Los Angeles, CA 90064
7,405 Sqft Lot
Key Details
Sold Price $4,260,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC23092003
Sold Date 08/02/23
HOA Y/N No
Year Built 2006
Lot Size 7,405 Sqft
Property Sub-Type Apartment
Property Description
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.
Location
State CA
County Los Angeles
Area Wla - West Los Angeles
Zoning LAR3
Interior
Fireplace No
Appliance Dryer, Washer
Exterior
Garage Spaces 16.0
Garage Description 16.0
Pool None
Community Features Curbs, Sidewalks
Total Parking Spaces 16
Private Pool No
Building
Lot Description Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4260038019
Energy Description 2799.0
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Financing Assumed
Special Listing Condition Standard
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Bought with Tyler Leeson Marcus & Millichap RE Invest