2360 W Washington Boulevard, Los Angeles, CA 90018
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
2360 W Washington Boulevard,Los Angeles, CA 90018
$3,350,000
- 16 Beds
- 17 Baths
- 11,260 sq. ft.
- Multi-family
- Active
Listed by:taylor avakian
Office:lyon stahl investment real estate, inc.
MLS#:25501903
Source:CRMLS
Price summary
- Price:$3,350,000
- Price per sq. ft.:$297.51
About this home
This value-add opportunity consists of 17 residential units and 3 ground-floor retail spaces, offering a diverse income stream in an area with strong rental demand. The residential units provide a balanced mix of studios, one-bedrooms, and a bachelor unit, while the retail spaces benefit from high foot traffic and strong visibility on a major commercial corridor. Two separate parcels so no onsite management is needed. Positioned in Arlington Heights, a historic and evolving neighborhood, the property is surrounded by retail shops, restaurants, entertainment venues, and art galleries. Its strategic location, coupled with proximity to major transit routes and employment hubs, ensures consistent tenant demand and long-term rental stability. For investors, 2360 W Washington Blvd presents an immediate opportunity to enhance returns, with current rents operating 26% below market levels. By optimizing lease structures and implementing value-add strategies, investors can increase NOI from $250,189.66 to $324,247.68, achieving a potential cap rate of 9.68%. With a competitive price per square foot this property offers both strong cash flow and long-term appreciation potential in one of Los Angeles' most supply-constrained submarkets.
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Home facts
- Year built:1929
- Listing ID #:25501903
- Added:220 day(s) ago
- Updated:September 26, 2025 at 10:46 AM
Rooms and interior
- Bedrooms:16
- Total bathrooms:17
- Living area:11,260 sq. ft.
Structure and exterior
- Year built:1929
- Building area:11,260 sq. ft.
- Lot area:0.17 Acres
Finances and disclosures
- Price:$3,350,000
- Price per sq. ft.:$297.51
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