2330 West 3rd Street, Unit PH

Los Angeles, CA 90057

$2,990,000
Price
4
Beds
4
Baths
8,262 Sq. Ft.
$362 / Sq. Ft.
8,262
Sq. Ft.
$362
per Sq. Ft.

Description

We are pleased to present 2330 W 3rd Street, an architectural awardwinningmixed use creative space opportunity in the heart of Westlake, one ofLos Angeles' fastest growing neighborhoods. This rare trophy Mid-Century assetconsists of ten commercial suites and one large 2 bedroom penthouse. This iconic glass, brick, and stucco Mid-Centurybuilding wraps around a beautifully landscaped centralcourtyard. Every creative suite is unique and boastrare features such as floor to ceiling glass windows,open...We are pleased to present 2330 W 3rd Street, an architectural awardwinningmixed use creative space opportunity in the heart of Westlake, one ofLos Angeles' fastest growing neighborhoods. This rare trophy Mid-Century assetconsists of ten commercial suites and one large 2 bedroom penthouse. This iconic glass, brick, and stucco Mid-Centurybuilding wraps around a beautifully landscaped centralcourtyard. Every creative suite is unique and boastrare features such as floor to ceiling glass windows,open beamed ceilings, their own private bathrooms,and brick wood-burning fireplaces. The 8,262 squarefoot building sits on 11,721 square feet of land zonedLAC2, allowing for a variety of commercial, residential,or mixed uses. With approximately 100 feet of frontagealong 3rd street, 2330 W 3rd Street presents itself asone of the most recognizable architectural buildings inWestlake with excellent visibility, lush palm trees, andconvenient ingress and egress. Westlake, located right outside Downtown'semployment hub, is a bustling neighborhood with arapidly gentrifying demographic. Westlake is adjacentto other notable neighborhoods, including Echo Park,Pico Union, Downtown and Koreatown. The subjectproperty's location is ideal as it is walking distanceto thousands of jobs, transportation options andretail and dining amenities. The demand for apartmentunits continues to increase, seen by the majordevelopments in the area such as the MacArthur ParkMetro Apartments (proposed 665 units), Lake onWilshire (proposed 478 units) and Wilco (152 unitsunder construction) among many others in closeproximity to 229 South Westlake Avenue.
  1. Listed by Filip Niculete • DRE #01905352 • Brokerage DRE #01240999 • Marcus & Millichap
  2. Listed by Glen Scher • DRE #01962976 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 2330 West 3rd Street, Unit PH

Zoning
LAC2
Parcel Number
5154035015
Total Units
11.0
Living Area
8262
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
Vacancy Rate
5%
Lot Size Area
11725

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976
Add your commute
LISTING UPDATED: 01/26/2024 12:01 AM

Property Details for 2330 West 3rd Street, Unit PH

StatusActive
MLS #24-349269
Days on Market100
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1951
Lot Size0.27 AC / 11,725 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976
Add your commute

Building Information for 2330 West 3rd Street, Unit PH

Stories2Residences-Year Built1951Building Size-Lot Size0.27 AC / 11,725 SF

Payment Calculator

$16,318 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,318

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2330 West 3rd Street, Unit PH

Community / Development
Community / Development
  • Number Of Units: 11
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Market
  • Unit Number: PH
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $299,291
  • Net Operating Income: $201,491.00
  • Gross Income: $239,400
  • Cap Rate: 6.73%
  • Gross Rent Multiplier: $9.99
  • Total Annual Expense: 97800
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2692
  • Lot Size Square Feet: 11725
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 9
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-18-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,224.00
  • Unit Actual Rent: $9,790.00
  • Unit Projected Rent: $10,950.00
  • Like Units: 8
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $5,000.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,000.00
  • Unit Actual Rent: $4,000.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $510,000.00
  • Assessed Improvement Percent: 16.95
  • Assessed Land Value: $2,499,000.00
  • Assessed Land Percent: 83.05
  • Assessed Total Value: $3,009,000.00

Property History for 2330 West 3rd Street, Unit PH

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2330 West 3rd Street, Unit PH

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Charles White Elementary School
Public1 to 5

John H. Liechty Middle School
Public6 to 8

Academic Leadership Community School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

2330 West 3rd Street, Unit PH is a multi-family home for sale in Los Angeles, CA 90057. This property was listed for sale on January 18, 2024 by Marcus & Millichap, it's currently listed at $2,990,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Charles White Elementary School, John H. Liechty Middle School and Contreras Learning Center-School Of Social Justice. 2330 West 3rd Street, Unit PH is a 4-bed, 4-bath, 8,262 sqft multi-family home built in 1951.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.