• 2195 Whittier Boulevard Los Angeles, CA 90023

  • $4,995,000
  • 0
    Bed(s)
  • 0
    Baths
  • 15,244
    Sq Ft
  • 6267
    Sqft
  • Listed By: Raymond Rodriguez, Equity Union, DRE #01402283
  • Source: CRMLS

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.

Property Type :

Residential Income

County :

Los Angeles

Style :

Residential Income

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Property Details

 

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Building Information

Year Built: 1914

Building Area Total: 15,244

Pool Features

None

Laundry Features

None

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.1439

Lot Size Source: Public Records

Lot Size Square Feet: 6267

Listing Price Information

Original List Price: 4,995,000

Listing Contract Date: 2024-04-22

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5183022021

Garage and Parking

Garage Description: On Street

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

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

Building and Construction

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

Nearby Home Value

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.

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