[ajax-data]{"title":"","body-class":["listing-template-default","single","single-listing","postid-2391"]}[/ajax-data]

10 Unit – West LA
$3,937,000

Sold
  • Summary
  • Location
  • Amenities

First time on the market in over 40 years! A Value-Add Investor’s Dream – 1839 Corinth Ave is a rare 10 unit, investment opportunity ideally located in one of the most desirable westside locations, one block from the popular Sawtelle Japantown strip. Boasting an outstanding WalkScore of 93, this provides residents an abundance of walking distance amenities, countless dining options, entertainment venues, & shopping. Additionally, the location is central to major employment hubs offering high-paying jobs, not to mention some of California’s best beaches.

1839 Corinth Ave is the quintessential diamond in the rough, with the current owner having completed significant capital improvements such as newer roof, copper plumbing, and earthquake seismic retrofit which allows for a buyer to concentrate on renovations that can purely move the needle rent wise. Building also features a secured gated entry with on-site parking and laundry facilities. The 6,342 of living space offers a unit mix of 8 one bedroom units, 1 two bedroom and 1 bachelor. This asset allows the blank slate and flexibility to renovate the 6 vacant units and beautify the building façade for the ability to achieve some of the strongest rents in Los Angeles.

The perfect investment for active investors, looking for strong, risk-mitigated returns and long-term appreciation.

 

  • First Time on the Market in Over 40 Years!!!

  • Long Term Owner

  • Prime West LA Value Add Opportunity

  • Delivered with 6 Vacant Units Ready for Renovations

  • Walking Distance to Sawtelle Japantown

  • Soft Story Retrofit Complete

  • 6 Single and 3 Tandem Parking Spaces (12 Total Parking Spaces)

  • New Roof

  • Copper Plumbing