10405 Louisiana Ave

Los Angeles, CA 90025
  • $5,495,000

    Price
  • 18

    Bed
  • 18

    Bath
  • 11,998

    SqFt

About the Listing X7538301 - X90025

10405 Louisiana Avenue presents a rare opportunity to acquire a prime 16 unit development opportunity (Buyer to verify) located in one of the best rental locations in prime West Los Angeles.~ A short stroll to Century City, the property currently consists of a 10 unit apartment building built in 1952 consisting of 80% two bedroom units and 11,998 total square feet. There is significant rental upside upwards of 100%, as current rents average only $1.37 per square foot. The property is situated on a very large 13,231 square foot lot zoned R3-1. There is no Q condition in place, and the site is not located in the preliminary fault rupture study (per Zimas). By right, current zoning allows for a 16 unit development. Condominiums in the immediate vicinity have sold for well over $800 per square foot, and rental rates have exceed over $4 per square foot. This affluent location commands a high end development project that sets market comparables.

Listing Highlights for 10405 Louisiana Ave

Status Active
Days on Site 8
Property Type Business Opportunity
MLS ® 18405676
Year Built 1952
Total Square Footage 11,998
Lot/Acreage 0.3

Interior Details

  • Bedrooms: 18
  • Bathrooms: 18 Full
  • Appliances:
  • Air Cond:
  • Heating:
  • Fireplaces:
  • Floor:
  • Basement:
  • Other:
  • Water:

Exterior Details

  • Garage Capacity: 8 car
  • Zoning: LAR3
  • Roof:
  • Others:
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  • Above Ground Sq Ft:
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  • Parking Features: Assigned

Financial Details

  • Tax Amount: N/A
  • Taxes w/Assessments: N/A
  • Tax/Property ID: N/A
  • Tax Year: N/A

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Listing Location

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10405 Louisiana Ave Los Angeles, CA 90025

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Listing Courtesy of Jonathan Taksa, Remax Commercial And Investment Realty

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