Thank you
Raymond Rodriguez
Equity Union
805-892-8119
We are proud to present The Lofts, an amazing mixed-use multifamily opportunity located at 2195 Whittier Blvd in Los Angeles, California. This unique mixed-use opportunity comprised of (16) apartment units above (5) retail stores fronts in one distinct two-story building inspired by the famous Flatiron Building in New York City. The building was constructed in 1916 of reinforced brick and concrete and highly renovated in 2020 and, now this architectural building encompasses an impressive ±15,244 building square feet situated on one parcel totaling ±6,267 square feet offering a zoning of LAC2. The apartment units are currently master metered for utilities which provides an opportunity for a savvy investor to implement a RUBS program to offset operating costs. The highly updated units are impressive and the open floor plans resemble that of a swanky New York flat. The Lofts offer a diverse unit mix consisting of (7) loft-style studio + One-Bath Units & (9) One-Bedroom + One-Bath Units. Many of the units have been highly renovated, offering exposed brick walls, newly installed picture windows with, drenching the units with natural light while providing views of the Downtown LA skyline and famous 6th St Bridge. 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 the retails leases and pushing unit rents to market. (7) Studio + One-Bath (9) One-Bedroom + One-Bath (5) Retail Store-Fronts The Arts District is known for its unique blend of industrial architecture and contemporary living spaces. Loft-style apartments, converted warehouses, and modern high-rise buildings offer residents a mix of urban chic and industrial charm. Many residential developments in the neighborhood feature amenities such as rooftop decks, fitness centers, and communal gathering spaces. The Arts District's central location and proximity to Downtown LA make it an attractive choice for young professionals, artists, and urban dwellers seeking a dynamic and vibrant urban lifestyle. In summary, the Arts District in Los Angeles is a thriving and dynamic neighborhood that celebrates creativity, culture, and community.
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Water Source : Public
Sewer : Public Sewer
Year Built: 1914
Building Area Total: 15,244
None
None
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1439
Lot Size Source: Public Records
Lot Size Square Feet: 6267
Original List Price: 4,995,000
Listing Contract Date: 2024-04-22
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5183022021
Garage Description: On Street
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: BOYH - Boyle Heights
Directions: 2195 Whittier Blvd., Los Angeles, CA 90023
Zoning: LAC2
Source Property Type: Residential Income
Area: BOYH - Boyle Heights
Property SubType: Mixed Use
Property Age: 110
Common Walls: 2+ Common Walls
Structure Type: Mixed Use
Year Built Source: Public Records
Entry Level: 1
Entry Location: 1
Property Attached: Yes
Levels or Stories: Three Or More
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
4967 Dartmouth Ave, Los Angeles, CA,90023 | $108,000 | -- | -- | -- | 6878 Sqft |
4963 -4987 Dartmouth Ave, Los Angeles, CA,90023 | $640,000 | -- | -- | -- | 41616 Sqft |
4945 -4953 Dartmouth Ave, Los Angeles, CA,90023 | $350,000 | -- | -- | -- | 19940 Sqft |
5150 Dartmouth Ave, Los Angeles, CA,90023 | $150,000 | -- | -- | -- | 8799.12 Sqft |
3454 Hunter Street, Los Angeles, CA,90023 | $700,000 | -- | -- | 1,700 | 3934 Sqft |
755 S Boyle Avenue, Los Angeles, CA,90023 | $1,989,000 | -- | -- | 9,532 | 6839 Sqft |
945 Record Ave, Los Angeles, CA,90023 | $1,389,888 | 8 | 4 | 3,283 | 5546 Sqft |
3900 Whittier Boulevard, Los Angeles, CA,90023 | $1,499,900 | -- | -- | -- | 11349 Sqft |
705 S Chicago Street, Los Angeles, CA,90023 | $975,000 | -- | -- | 3,135 | 5719 Sqft |
3512 E 7th Street, Los Angeles, CA,90023 | $1,075,000 | -- | -- | 2,592 | 7531 Sqft |
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ByOwner last updated this listing 05/07/2024 @ 15:24
MLS: SR24080652
LISTED BY: Raymond Rodriguez, Equity Union
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.