2195 Whittier Boulevard, Los Angeles
Los Angeles Home For Sale
We are proud to present The Lofts, a high-income producing mixed-use 16u + 5 retail investment opportunity located at 2195 Whittier Blvd. in Los Angeles, California. This rare opportunity is comprised of 16 apartment units on the 2nd and 3rd floor as well as five retail storefronts on the first floor in addition to a basement level in one distinct three-story building inspired by the famous Flatiron Building in New York City. The building was constructed in 1916 totaling ±15,244 building sf and highly renovated in 2020 situated on one lot totaling ±6,267 sf. Zoning is LAC2. The apartment units are currently master-metered for utilities with a RUBS program in place offering an excellent opportunity for an investor to continue capitalizing on this over time and increase the NOI. Select units have exposed brick and beautiful views of DTLA and The 6th St Bridge. The Lofts offer a diverse unit mix consisting of (7) loft-style studios + one-bath & (9) one-bedroom + one-bath units. Many of the units have been highly renovated, offering exposed brick walls, and newly installed picture windows with natural light. From the fully remodeled kitchens and baths to the recessed lights and sliding barn doors, no corner was left untouched and the attention to detail is unmatched, creating a waiting list of prospective tenants. Though a lot of the heavy lifting has been completed, the property still offers immense room for growth through further capital improvements, restructuring of retail leases, and capitalizing further on market rents. (7) Studio + One-Bath (9) One-Bedroom + One-Bath (5) Retail Store-Fronts Boyle Heights benefits from being centrally located near DTLA and The Arts District in Los Angeles. The Arts District is a vibrant and dynamic neighborhood located just east of Downtown LA. Originally an industrial area, the Arts District has undergone a remarkable transformation in recent years, evolving into a thriving hub for arts, culture, entertainment, and innovation. Today, it stands as one of the city’s most exciting and sought-after destinations, attracting artists, creatives, entrepreneurs, and residents alike. In summary, the building's location and tenants benefit from its central location, public transportation, freeway system, and strong job market!
Property Details
Additional Information
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- City:
- Los Angeles
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- County:
- Los Angeles
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- Zip:
- 90023
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- MLS® #:
- SR24080652
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- Bedrooms:
- 1
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- Bathrooms:
- 2
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- Lot Size:
- 0.14
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- Levels:
- Three Or More
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- HOA Dues:
- $
Price Change History for 2195 Whittier Boulevard, Los Angeles, (MLS® #SR24080652)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced (from $4,995,000) | $4,750,000 | $245,000 (4.90%) |
Based on information from California Regional Multiple Listing Service, Inc. as of July 7th, 2024 at 6:25pm 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.