Los Angeles, CA 90015 1416 W 10th Place

1416 W 10th Place Los Angeles, CA - Image 11416 W 10th Place Los Angeles, CA - Image 21416 W 10th Place Los Angeles, CA - Image 3
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1416 W 10th Place Los Angeles, CA - Image 4
Presented By: Sean Rosenzweig with Marcus & Millichap;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 25501493
  • 02/21/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Baths • 20
  • SQFT • 8,532

Home Details

THE SUBJECT PROPERTY IS BEING SOLD ALONG WITH THE ADJACENT PROPERTIES, 1422-1426 WEST 10TH PLACE. WHILE THE PROPERTIES MAY BE PURCHASED INDIVIDUALLY OR TOGETHER, A COMBINED SALE IS STRONGLY PREFERRED. We are pleased to offer for sale a 20-unit apartment community located at 1416 West 10th Place. The subject property is located west of the 110 Freeway and south of Olympic Boulevard. The subject property is comprised of all studio units and has 40% remaining rental upside through unit renovations. 1416 West 10th Place presents investors the opportunity to acquire an asset with an attractive basis, and strong value-add component. New ownership will have the opportunity to capitalize on the westward expansion and revitalization of the Downtown sub-market. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Presented By: Sean Rosenzweig with Marcus & Millichap;

Interior Features for 1416 W 10th Place

Bedrooms

Total Bedrooms

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths20

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Total Stories2

General for 1416 W 10th Place

Additional Parcels Y/NNo
Attached Garage No
Cap Rate5.71
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
DirectionsSouth of West Olympic Boulevard & East of South Union Avenue
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income239382.0
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet5530.0
Lot Size UnitsSquareFeet
MLS AreaC42 - Downtown L.A.
MobileHomeRemainsYNNo
Net Operating Income113854.0
New ConstructionNo
Number Of Units Total20
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Waterfront Y/NNo
Year Built1925
Year Built SourceAssessor
ZoningLAR4

Exterior for 1416 W 10th Place

Building Area Total8532.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.127
Lot Size Area5530.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesNone
Private PoolNo
SpaNo
Total Parking0.0

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,995,000
MLS#25501493
List Date 02/21/2025
Property Type Multi-Family
Phone 714.742.6515
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