2360 W Washington Boulevard, Los Angeles, CA 90018 - Berkshire Hathaway HomeServices California Properties
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2360 W Washington Boulevard, Los Angeles, CA 90018

$3,450,000 Approx. USD 16 beds, 17 baths
11,260 sqft

Reduced by $50,000 on 5/7/2025
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Listing Agent


Taylor Avakian | taylor@lyonstahl.com
Lic#: 02060040
Broker: Courtesy of Lyon Stahl Investment Real Estate, Inc.

Agent Remarks

This value-add opportunity consists of 17 residential units and 3 ground-floor retail spaces, offering a diverse income stream in an area with strong rental demand. The residential units provide a balanced mix of studios, one-bedrooms, and a bachelor unit, while the retail spaces benefit from high foot traffic and strong visibility on a major commercial corridor. Two separate parcels so no onsite management is needed. Positioned in Arlington Heights, a historic and evolving neighborhood, the property is surrounded by retail shops, restaurants, entertainment venues, and art galleries. Its strategic location, coupled with proximity to major transit routes and employment hubs, ensures consistent tenant demand and long-term rental stability. For investors, 2360 W Washington Blvd presents an immediate opportunity to enhance returns, with current rents operating 26% below market levels. By optimizing lease structures and implementing value-add strategies, investors can increase NOI from $234,391 to $325,558, achieving a potential cap rate of 9.30%. With a competitive price per square foot this property offers both strong cash flow and long-term appreciation potential in one of Los Angeles' most supply-constrained submarkets.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25501903
List price is $3,450,000 Reduced by $50,000 on 5/7/2025
Price: $3,450,000
Beds: 16
Baths: 17
Built in 1929
11,260 sqft
0.17 acres
Lot size: 0.1724
County: Los Angeles
Zoning: LAC2
Parking description: None
Heating/cooling: None
Heating description: None
MLS area: C16 - Mid Los Angeles

Last Updated: 5/7/2025

 Days On Market (DOM): 78

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

Lat/Long: 34.039600, -118.313875.
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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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