3406 Virginia Rd

Marcus and Millichap is pleased to present a sixteen (16) unit apartment building located at 3406 Virginia Road in Los Angeles, California. The subject property is situated in a prime West Adams location, west of Crenshaw Boulevard and north of W Exposition Boulevard.
West Adams is a vibrant and historic neighborhood in Los Angeles, California, that offers a wealth of opportunities. Located just east of Culver City, West Adams is known for its tree-lined streets, beautiful homes, and cultural landmarks. The area boasts a diverse population and is home to a variety of attractions, including the West Adams Heritage Association and the Los Angeles County Museum of Art. West Adams is a prime location for multifamily investment, with a strong rental market and an abundance of potential. The area is home to several new developments, including the Adams & Grand Luxury Apartments, which offer stylish and modern living spaces in a convenient location. With easy access to major highways and public transportation, West Adams is a great choice for those looking to invest in a thriving neighborhood with significant potential for growth. For those seeking a place to call home, West Adams offers a charming and welcoming community with plenty of amenities. From local parks and community gardens to world-class restaurants and cultural events, there’s always something to explore in this vibrant neighborhood. If you’re looking to invest in a neighborhood with character, history, and potential, West Adams is the perfect choice.
Built in 1947, this property contains a good unit mix of fifteen (15) one-bedroom / one-bathroom units, and one (1) two-bedroom / one-bathroom unit. All units are currently occupied. This character, courtyard row style asset is gated and secure and features easily maintained landscaping while still having lovely curb appeal. The property is also right next to a nearly completed mixed-use office/retail building by Charles Company which will include a ground floor restaurant. Tenants will love being within a few miles of many trendy restaurants, nightlife, and entertainment options such as Highly Likely, Thinkspace Gallery, Harold & Belle’s, Cinemark, Baldwin Hills Crenshaw Shopping Mall, and Rancho Cienega Recreation Center. The Expo/Crenshaw K-Line Metro Station is also conveniently located nearby offering residents quick and easy access to major employment hubs throughout Los Angeles.
Positioned in a prime West Adams location, this offering presents an exceptional opportunity for an investor to capitalize on a character, asset with solid remaining rental upside potential in a submarket full of high profile new construction projects.