The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?





LOS ANGELES COUNTY NEWS
Printer-friendly Version   Email an Associate
Res Portfolio in LA’s Mid-Wilshire Area Hits the Market

2/15/17

Lion Real Estate Group LLC has just listed for sale a portfolio of four 1920s vintage apartment complexes totaling 141 units in LA’s Mid-Wilshire submarket. The asking price is $27.2 mil.

The offering represents an increasingly rare opportunity to acquire four substantial multifamily assets and immediately establish scale in the difficult-to-enter Mid-Wilshire sub market, which has a vacancy rate less than 3%.

The listing is being marketed by Henry Garcia of Keller Williams. The portfolio includes:

•118 & 124 N. Westmoreland Ave, two buildings, 54 units, built 1926
•915 S. Carondelet, 48 Units, built 1914
•939 S. Gramercy Place, 39 Units, built 1927

The four properties featuring all-brick construction have been expressly selected to create a curated, “pocket” portfolio in one of the most sought after and desirable rental markets in all of Los Angeles. The buildings are collectively 98 percent leased.

“These distinctive apartment assets are in or near Koreatown, and close to Downtown Los Angeles and mass transit,” said Garcia. “Each asset offers durable cash flow and excellent value-add potential for the next owner who can complete the renovation program started by Lion.





Return to the Archive page


 


 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media