2268 W 14th Street, Los Angeles, CA 90006 - Berkshire Hathaway HomeServices California Properties

2268 W 14th Street, Los Angeles, CA 90006

$5,650,000 Approx. USD 1 beds, 47 baths
26,096 sqft

Listing Agent


Neema Ahadian | neema@marcusmillichap.com
Lic#: 01346750
Broker: Courtesy of Marcus & Millichap

Agent Remarks

We are excited to present Sylvester Apartments, a 47-unit multifamily investment opportunity in the heart of Pico-Union. Positioned between W Pico Blvd and Venice Blvd, this well-maintained property offers a compelling blend of strong in-place cash flow and value-add potential. The unit mix consists of 46 singles and one one-bedroom, currently operating at a 6.56% CAP rate and 7.90 GRM at the asking price, with an additional 16% rental upside as units turn. Adding to its appeal, the offering includes an adjacent 6,000 SF parking lot with 24 spaces, generating $2,500 in monthly income. Further upside may be possible with the potential for an additional ADU (Buyer to verify). Sylvester Apartments is separately metered for electricity and features an on-site community laundry room leased with Wash, offering four washers and four dryers. With a high Walk Score of 89, residents enjoy convenient access to Metro rail and bus lines, as well as major freeways, providing easy connectivity to Downtown LA, Koreatown, Westlake, and Mid-City. Additionally, the property is just half a mile from Loyola High School, enhancing its desirability for long-term tenancy in this dense, infill Los Angeles location.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25517287
Price: $5,650,000
Beds: 1
Baths: 47
Built in 1928
26,096 sqft
0.31 acres
Lot size: 0.3099
County: Los Angeles
Zoning: LAR3
Parking description: Uncovered
Heating/cooling: None
Heating description: None
MLS area: C16 - Mid Los Angeles

Last Updated: 4/3/2025

 Days On Market (DOM): 72

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This listing belongs to the C16 - Mid Los Angeles MLS area

Lat/Long: 34.045978, -118.288394.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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