939 W College, Los Angeles, CA 90012
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939 W College, Los Angeles, CA 90012
939 W College, Los Angeles, CA 90012
939 W College, Los Angeles, CA 90012
939 W College, Los Angeles, CA 90012
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Don Pelletier

Don Pelletier

+1(858) 336-1114
$ 5,790,000
Est. payment /mo
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939 W College Los Angeles, CA 90012

6 Beds

5 Baths

0.28 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26143019

Bedrooms 6

Lot Size 0.279 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

REDUCED PRICE! PRICED BELOW REPLACEMENT COST. 29-Unit Value-Add Opportunity by DODGER STADIUM w/ Panoramic DTLA Views, High-Upside Asset (76% Rental Upside), 1972s Construction, Seller May Carry 1st Trust Deed. 939 W College St., a 29-unit value-add apartment community by the Dodger Stadium area, within the Solano Canyon neighborhood. This value-add apartment investment was built in 1972 and offers an excellent location just within walking distance to the Dodger Stadium, Elysian Park, and just minutes away to Downtown Los Angeles, Chinatown, Little Tokyo, and all the shopping and lifestyle options in those areas. The property was solidly constructed with steel and concrete construction and offered at a very low price per unit and low price per square foot for its location and asset quality. The property is a podium style 4-story apartment that was built in 1972, has a large 22,677 SF building size, and situated on a 12,171 SF LA-R4 zoned lot. It is a secured building with gated parking, has a central courtyard, shared laundry area (seller own machines), elevator, and covered garage parking. It offers a SUPERB unit mix of three (3) x 3bedroom + 2bathroom, twenty (20) x 2bedroom + 1bathroom, five (5) x 1bedroom + 1bathroom, and one (1) x Studio units. Approximately five (5) of the units have been updated (buyer to verify). Twenty-four (24) units have private balconies/patio with almost each balcony providing an unparalleled view of Downtown Los Angeles and the city. Each unit is separately metered for electricity and gas. All the units have updated electrical subpanels, and t

Location

State CA

County Los Angeles

Zoning Assessor

Direction FWY 110 EXIT HILL ST, GO NORTH ON COLLEGE ST TOWARDS DODGER'S STADIUM.

Interior

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 4

Level or Stories 4

Others

Senior Community No

Tax ID 5406025028

Acceptable Financing Cash, Seller May Carry

Listing Terms Cash, Seller May Carry

MLS Router / San Diego MLS
Listed by Handoko Chen, DRE#01749321 Growth Investment Group Pasade 

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Don Pelletier

Don Pelletier

Broker | License ID: 00866225

+1(858) 336-1114

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939 W College

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