2323 Wall Street, Los Angeles

$1,300,000

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11 Beds
5 Baths
4,530 Sqft
.17 Acre
0 Garage

We are pleased to offer for sale a five-unit apartment community located at 2323 Wall Street. The subject property is conveniently located just south of the 10 Freeway within the dense South Los Angeles Sub-Market. South Los Angeles, nestled south of downtown, is a dynamic urban neighborhood where diverse cultures intermingle, creating a rich mosaic of traditions and experiences. South LA's strong sense of community shines through at local parks and venues, while recent urban revitalization efforts have brought new businesses and dining options. Situated on a 7,500 square foot parcel, the property is comprised of two-bedroom and three-bedroom units (buyer to verify unit configuration). There is 25% rental upside through interior renovations. Two units will be delivered vacant allowing new ownership to immediately renovate in order to achieve market rental rates. Ownership is only responsible for paying water utilities, tenants pay gas & electric. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate units and achieve superior future returns moving forward makes 2323 Wall Street an excellent acquisition opportunity. ***BUYER TO VERIFY UNIT CONFIGURATION***

Essential Information

MLS® #
23337483
Price
$1,300,000
Bedrooms
11
Bathrooms
5.00
Square Footage
4,530
Acres
0.17
Year Built
1903
Type
Residential Income
Status
Active

Community Information

Address
2323 Wall Street
Area
C42 - Downtown L.A.
City
Los Angeles
County
Los Angeles
Zip Code
90011
Senior Community
N

Amenities

Parking Spaces
4
Parking
None
Garages
None

Interior

# of Stories
2
Stories
Two

Additional Information

Date Listed
December 5th, 2023
Days on Market
150
Zoning
LARD2

Listing Details

Agent
Sean Rosenzweig
Office
Marcus & Millichap
Property History
Price Reduced from $1,325,000 to $1,300,000

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Based on information from California Regional Multiple Listing Service, Inc. as of May 4th, 2024 at 6:45pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.