100% Two & Three Bedroom Units - 2300 Valley features expansive floor plans, with an average unit size of 1, 110 square feet, complemented by high-end amenities including wood-style flooring, granite countertops, and stainless steel appliances. Furthermore, 78% of the existing tenants are on month-to-month leases, providing new ownership the opportunity to quickly align the current delta, averaging $213, between in-place rents with projected market rates. 2300 Valley is situated just 2 miles from the Wilshire Center Business District to the west and Downtown Los Angeles to the east, which collectively host over 600, 000 jobs within a short distance. These areas feature a concentration of high-rise office buildings, major hotels, extensive shopping centers, places of worship, entertainment venues, and a variety of dining venues. 2300 Valley is positioned in a prime area, providing excellent connectivity throughout LA County via Metrolink train and rapid bus line services. The Westlake/MacArthur Metro station, located under a mile from the property, enables swift access to the B (Red line), which travels to and from Union Station and North Hollywood, as well as the D (Purple line), connecting Koreatown to Union Station. Furthermore, the ongoing D Line extension project is set to introduce seven new stations, establishing a dependable, high-speed link betweenDowntown and Westwood/UCLA by 2027.
Property Features
Bedrooms
Appliances
- Laundry Features: Dryer Included, Washer Included
Bathrooms
Land Info
- Lot Description: Rectangular Lot
- Lot Size Acres: 0.343
- Lot Size Source: Public Records
- Lot Size Square Feet: 14941
Garage and Parking
- Garage Spaces: 2
- Parking Total: 20
Multi-Unit Info
- Number of Units: 18
- Bedrooms in Unit-1: 2
- Bedrooms in Unit-2: 3
- Total Bathrooms in Unit-1: 2
- Total Bathrooms in Unit-2: 2
- Unit-1 Garage Spaces: 1
- Unit-2 Garage Spaces: 1
Homeowners Association
- Calculated Total Monthly Association Fees: 0
Rental Info
- Number of Units Leased: 14
- Tenant Pays: All Utilities
- Vacancy Allowance: 24615
Amenities and Community Features
- Community Features: Urban
Other Property Info
- Source Listing Status: Active Under Contract
- County: Los Angeles
- Cap Rate: 5.10
- Source Property Type: Residential Income
- Insurance Expense: 19802.00
- Area: C42 - Downtown L.A.
- Source Neighborhood: C42 - Downtown L.A.
- Number of Separate Electric Meters: 18
- Parcel Number: 5154012036
- Professional Management Expense: 18000.00
- Street Suffix Modifier: St
- Trash Expense: 6154.00
- Source System Name: C2C
Commercial Info
- Net Operating Income: 326118.00
Building and Construction
- Total Square Feet Living: 26319
- Year Built: 2016
- Building Features: 1
- Common Walls: 2+ Common Walls
- Entry Level: 1
- Entry Location: street
- Property Age: 9
- Property Attached: Yes
- Levels or Stories: Three Or More
- Building Total Stories: 3
- Structure Type: Apartment
- Year Built Source: Seller
Utilities
- Sewer: Sewer: Public Sewer, Water Sewer Expense: 40000.00