Kenny Stevens Team is pleased to present 900 West College Street, an 8-unit multifamily investment asset located in the culturally dynamic and rapidly developing neighborhood of Chinatown. The 8,054 two-story building sits on a 6,808 SF lot and is comprised of(1) 4 Bdrm. and 3.5 Bath Townhouse, (1) 3 Bdrm. and 1.5 Bath unit and(5) 2 Bdrm. and 1 Bath units. Please note, the townhouse currently serves as the owner’s unit and will be delivered vacant upon close of escrow.
900 West College Street
900 West College Street, Los Angeles
Property Details.
Year Built 1969
# of Units 8
Price P/ Unit $307,500
Sq. ft. 6,808 SF
Price p/ Sq. ft. $361
Lot Size 6,808 SF
Zoning LAR4
900 West College Street
Los Angeles, CA 90012
Los Angeles, CA 90012
About the Property
The Opportunity
The units offer a significant value-add opportunity to potential investors, as current rents are approximately 39% below market value for nicely remodeled units in the area. Located in a neighborhood that is currently seeing several large-scale developments, 900 West College St. presents investors with the opportunity to acquire an ideal value-add investment with significant financial upside.
