Los Angeles, CA 90015 1422 W 10th Place

1422 W 10th Place Los Angeles, CA - Image 11422 W 10th Place Los Angeles, CA - Image 21422 W 10th Place Los Angeles, CA - Image 3
Presented By: Sean Rosenzweig with Marcus & Millichap;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 25501551
  • 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.
  • Beds • 5
  • Baths • 6
  • SQFT • 3,328

Home Details

THE SUBJECT PROPERTY IS BEING SOLD ALONG WITH THE ADJACENT PROPERTY, 1416 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 six-unit apartment building, consisting of a duplex and fourplex on contiguous lots located at 1422-1426 West 10th Place. The subject property is located west of the 110 Freeway and south of Olympic Boulevard. Situated on a 3,328 square foot parcel, the property is comprised of studios, one-bedroom, and two-bedroom units. The property has a significant value-add opportunity with 86% remaining rental upside through unit renovations. 1422-1426 West 10th Place presents investors a unique opportunity to acquire an asset with an attractive basis and multiple exit strategies. New ownership will have the opportunity to capitalize on the westward expansion and revitalization of the Downtown sub-market along with the potential to sell off each parcel individually. 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 1422 W 10th Place

Bedrooms

Total Bedrooms5

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths6

Other Interior Features

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

General for 1422 W 10th Place

Additional Parcels Y/NNo
Attached Garage No
Cap Rate3.68
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 Income71147.0
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet3986.0
Lot Size UnitsSquareFeet
MLS AreaC42 - Downtown L.A.
MobileHomeRemainsYNNo
Net Operating Income29429.0
New ConstructionNo
Number Of Units Total6
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 Built1910
Year Built SourceAssessor
ZoningLAR4

Exterior for 1422 W 10th Place

Building Area Total3328.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.0915
Lot Size Area3986.0
Lot Size SourceAssessor
Number of Buildings3
Open Parking Y/NNo
Parking FeaturesNone
Private PoolNo
SpaNo
Total Parking0.0

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $800,000
MLS#25501551
List Date 02/21/2025
Property Type Multi-Family
Phone 714.742.6515
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