2334 Valley St, Los Angeles, CA 90057
2334 Valley St, Los Angeles, CA 90057
2334 Valley St, Los Angeles, CA 90057
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$950,000
Est. payment /mo
8 Beds
8 Baths
4,240 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,240 sqft

Price per Sqft $224

MLS Listing ID 26651789

Bedrooms 8

Year Built 1953

Lot Size 6,519 Sqft

Acres 0.1497

Property Sub-Type Multi-Family

Property Description

8 unit multifamily opportunity in the heart of Westlake offered at a compelling basis well below replacement cost. The property consists of eight one bedroom one bathroom units totaling approximately 4,408 square feet on a 6,517 square foot lot. Current rents are significantly below market, creating substantial upside through renovation and repositioning. At approximately $118,750 per unit and roughly $215 per square foot, this asset presents a rare value add opportunity in a dense, transit connected corridor near Downtown Los Angeles, Koreatown, Silver Lake, and Hollywood. Separately metered for gas and electric with on site parking and strong walkability. 2334 Valley Street may be purchased individually or together with 2335 Miramar Street, which is located directly behind the property and separated by an alley.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAR3

Rooms

Family Room 1

Other Rooms Shed(s)

Dining Room 1

Interior

Heating Wall Gas

Cooling Wall/Window

Equipment Ceiling Fan

Exterior

Parking Features Uncovered, Gated

Building

Level or Stories Two

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Fred Leeds Asset Group Inc.

NEARBY SCHOOL & BUSINESS

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Kirshner Elkin Properties

+1(424) 214-0133

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