Los Angeles, CA 90057 2330 W 3rd Street PH

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Presented By: Filip Niculete with Marcus & Millichap;
  • MLS# 24349269
  • 01/18/2024
  • Request Tour
  • Request Info
  • BathBaths • 12
  • FootageSQFT • 8,262

Home Details

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.
Presented By: Filip Niculete with Marcus & Millichap;

Interior Features for 2330 W 3rd Street PH

Bedrooms

Total Bedrooms

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Street SuffixStreet
Total Stories2

General for 2330 W 3rd Street PH

Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.73
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market8
DirectionsW 3rd & S Park View
Garage Y/NNo
Gross Income239400.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet11725.0
MLS AreaC42 - Downtown L.A.
MobileHomeRemainsYNNo
Net Operating Income201491.0
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street Name3rd
Total Units11
Unit NumberPH
View Y/NNo
Waterfront Y/NNo
Year Built1951
ZoningLAC2

Exterior for 2330 W 3rd Street PH

Building Area Total8262.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.2692
Lot Size Area11725.0
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
SpaNo
Total Parking9.0

Additional Details

Price History

1527188455

First Team Client Services

Price $2,990,000
MLS#24349269
List Date 01/18/2024
Property Type Multi-Family
Phone 714.964.3311
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