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2119 S West View St

3 Unit Block of Flats £2,592,671 (£864,224/Unit) 5.30% Net Initial Yield Los Angeles, CA 90016

Investment Highlights

  • NOT Subject to RENT CONTROL
  • All units are separately metered
  • Can be sold furnished
  • Plans to add 2 ADU’s: 1Bd +1Ba & Studio
  • Solar Panels
  • Close to 10 fwy and proximity to major institutions such as USC, Kaiser Permanente, and Cedars-Sinai

Executive Summary

Partners CRE is proud to exclusively present this brand-new 2024 3-unit residential property located in the desirable Mid-City/West Adams area of Los Angeles. This non-rent control asset includes a stunning single-family front unit with 5 bedrooms and 5 bathrooms, offering 2,600 square feet of modern living space and a 2-car garage. At the rear, a duplex features two separate units, each with over 2,000 square feet, 4 bedrooms, a den, and 4 bathrooms. The property has successfully operated as a midterm rental, with options to continue the profitable operation or be delivered vacant. Each unit boasts spacious floor plans, private full baths in every bedroom, pre-wired Cat-6 Internet, and an HD security camera system for added safety. The property includes ample parking with a covered garage and 6 additional spaces. Future potential exists with plans for two additional dwelling units (ADUs) for increased rental income. With solar panels for energy efficiency and separate metering for Water, Gas and Electric, this property offers low maintenance costs and modern amenities, including new stainless-steel appliances. Whether you’re an owner-user or an investor, this opportunity in a vibrant neighborhood is not to be missed.
The Mid-City area is a vibrant and highly sought-after neighborhood situated in the heart of Los Angeles. Conveniently located between Downtown LA and the Westside, it offers excellent access to transportation, just 2 minutes from the 10 Freeway. Mid-City is known for its diverse community, local amenities, and proximity to major institutions such as USC, Kaiser Permanente, and Cedars-Sinai, making it an exceptionally desirable place to live and invest.

Property Facts

Price £2,592,671
Price Per Unit £864,224
Sale Type Investment
Net Initial Yield 5.30%
Sale Conditions 1031 Exchange
Gross Rent Multiplier 14
No. Units 3
Property Type Residential
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Townhome
Building Class C
Lot Size 0.14 AC
Building Size 6,830 SF
Number of Floors 3
Year Built 2024
Parking Ratio 1.17/1,000 SF

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Heating
  • Double Vanities
  • Kitchen
  • Wooden Floors
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Den
  • Dining Room
  • Double Pane Windows
  • Handrails
  • Instant Hot Water
  • Linen Cupboard
  • Pantry
  • Patio
  • Vinyl Flooring
  • Wet Bar
  • Window Coverings

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
5+5 1 - 2,600
4+4 2 - 2,000
Walk Score ®
Very Walkable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code RD2 (Restricted Density Multiple Dwelling Zone)
RD2 (Restricted Density Multiple Dwelling Zone)
  • Listing ID: 34054397

  • Date on Market: 02/12/2024

  • Last Updated:

  • Address: 2119 S West View St, Los Angeles, CA 90016

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