2713 Darwin Ave
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2713 Darwin Ave
4 Unit Block of Flats £635,541 (£158,885/Unit) Los Angeles, CA 90031
Investment Highlights
- Opportunity Zone Location
- Stabilized 6.6% CAP upon completion of ADU's
- 3 ADU's with approved plans RTI
- Potential to achieve 8.12% CAP at market
Executive Summary
Opportunity Zone! 2713 Darwin Street is a 2,967 square foot, two-story asset situated on a 7,407 square foot lot. The offering
includes approved plans for an additional 3 ADUs: one 3 bedroom 2 bath unit, one 2 bedroom 1 bath unit, and a 1 bedroom 1 bath unit. There is plenty of space f or parking each unit as well as other amenities such as BBQ area or dog run.
This rare investment opportunity in the historic Lincoln Heights neighborhood is centrally located to Downtown Los Angeles Dodger Stadium, Lincoln Park, USC Medical Center, and LA State Historic Park. It is less than one mile to Lincoln High School, LA Leadership Academy, and Griffin Elementary School. Tenants enjoy easy access to the 110 and 10 freeways as well as the I-5.
An investor or builder will benefit from a stabilized income producing asset that, upon completion of the three ADU's will operate at a 7% CAP and with the possibility of over a 8% CAP rate by exercising a "cash-for-keys" strategy to completely renovate the existing 4 units to market rate.
includes approved plans for an additional 3 ADUs: one 3 bedroom 2 bath unit, one 2 bedroom 1 bath unit, and a 1 bedroom 1 bath unit. There is plenty of space f or parking each unit as well as other amenities such as BBQ area or dog run.
This rare investment opportunity in the historic Lincoln Heights neighborhood is centrally located to Downtown Los Angeles Dodger Stadium, Lincoln Park, USC Medical Center, and LA State Historic Park. It is less than one mile to Lincoln High School, LA Leadership Academy, and Griffin Elementary School. Tenants enjoy easy access to the 110 and 10 freeways as well as the I-5.
An investor or builder will benefit from a stabilized income producing asset that, upon completion of the three ADU's will operate at a 7% CAP and with the possibility of over a 8% CAP rate by exercising a "cash-for-keys" strategy to completely renovate the existing 4 units to market rate.
Property Facts
| Price | £635,541 | Building Class | C |
| Price Per Unit | £158,885 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 2,967 SF |
| No. Units | 4 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1913 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | £635,541 |
| Price Per Unit | £158,885 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,967 SF |
| Number of Floors | 2 |
| Year Built | 1913 |
| Opportunity Zone |
Yes |
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Walk Score ®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 5210-010-018 | Improvements Assessment | £110,459 |
| Land Assessment | £266,116 | Total Assessment | £376,575 |
PROPERTY TAXES
Parcel Number
5210-010-018
Land Assessment
£266,116
Improvements Assessment
£110,459
Total Assessment
£376,575
zoning
| Zoning Code | LARD2 (Restricted Density Multiple) |
| LARD2 (Restricted Density Multiple) |
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2713 Darwin Ave
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