2713 Darwin Ave
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2713 Darwin Ave
4 Unit Apartment Building $1,147,412 CAD ($286,853 CAD/Unit) Los Angeles, CA 90031
Investment Highlights
- Opportunity Zone Location
- Stabilized 6.6% CAP upon completion of ADU's
- 3 ADU's with approved plans RTI
- Potential to achieve 8.12% CAP at market
Executive Summary
Opportunity Zone! 2713 Darwin Street is a 2,967 square foot, two-story asset situated on a 7,407 square foot lot. The offering
includes approved plans for an additional 3 ADUs: one 3 bedroom 2 bath unit, one 2 bedroom 1 bath unit, and a 1 bedroom 1 bath unit. There is plenty of space f or parking each unit as well as other amenities such as BBQ area or dog run.
This rare investment opportunity in the historic Lincoln Heights neighborhood is centrally located to Downtown Los Angeles Dodger Stadium, Lincoln Park, USC Medical Center, and LA State Historic Park. It is less than one mile to Lincoln High School, LA Leadership Academy, and Griffin Elementary School. Tenants enjoy easy access to the 110 and 10 freeways as well as the I-5.
An investor or builder will benefit from a stabilized income producing asset that, upon completion of the three ADU's will operate at a 7% CAP and with the possibility of over a 8% CAP rate by exercising a "cash-for-keys" strategy to completely renovate the existing 4 units to market rate.
includes approved plans for an additional 3 ADUs: one 3 bedroom 2 bath unit, one 2 bedroom 1 bath unit, and a 1 bedroom 1 bath unit. There is plenty of space f or parking each unit as well as other amenities such as BBQ area or dog run.
This rare investment opportunity in the historic Lincoln Heights neighborhood is centrally located to Downtown Los Angeles Dodger Stadium, Lincoln Park, USC Medical Center, and LA State Historic Park. It is less than one mile to Lincoln High School, LA Leadership Academy, and Griffin Elementary School. Tenants enjoy easy access to the 110 and 10 freeways as well as the I-5.
An investor or builder will benefit from a stabilized income producing asset that, upon completion of the three ADU's will operate at a 7% CAP and with the possibility of over a 8% CAP rate by exercising a "cash-for-keys" strategy to completely renovate the existing 4 units to market rate.
Property Facts
| Price | $1,147,412 CAD | Building Class | C |
| Price Per Unit | $286,853 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 2,967 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1913 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $1,147,412 CAD |
| Price Per Unit | $286,853 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,967 SF |
| No. Stories | 2 |
| Year Built | 1913 |
| Opportunity Zone |
Yes |
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Walk Score ®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 5210-010-018 | Improvements Assessment | $151,431 CAD |
| Land Assessment | $364,824 CAD | Total Assessment | $516,255 CAD |
PROPERTY TAXES
Parcel Number
5210-010-018
Land Assessment
$364,824 CAD
Improvements Assessment
$151,431 CAD
Total Assessment
$516,255 CAD
zoning
| Zoning Code | LARD2 (Restricted Density Multiple) |
| LARD2 (Restricted Density Multiple) |
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2713 Darwin Ave
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