3406 Virginia Road

Los Angeles, CA 90016

PRICE REDUCED

arrow_downward
-$250,000 (-7.58%)

$3,050,000

List Price

17

bed Beds

16

shower Baths

8,342 sqft

straighten / sqft

1947

calendar_month Built

Property Description

We are 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. 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 an 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.

Listing Information

List Price $3,050,000
Status Active
MLS 24456927
Type Residential Income
Year Built 1947
Lot Size 7,363
Structure Size 8,342
DOM 20
Courtesy Of Marcus & Millichap
Listing Agent Jason Tuvia DRE#01772495

Interior Features

Total Bedroom
Bedrooms 17
Total Bathroom
Bathrooms 16
Flooring Information
Material Wood

Exterior Information

Maps

Listing information courtesy of: Jason Tuvia, Marcus & Millichap 818-212-2735. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 15th, 2024 at 1:06 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.