5804 San Vicente Blvd
Los Angeles, CA 90019
First time on market in 50+ years
SUMMARY
Address
City
Units
Gross SF
Lot SF
Year Built
2430 Linden Avenue
Long Beach, CA 90806
12 Units
9,818 SF
9,715 SF
1950
OVERVIEW
THE OPPORTUNITY
The Brody Group of Marcus & Millichap is pleased to offer for sale The San Vicente Apartments, 12 units situated in the Wilshire Vista neighborhood of Los Angeles. Located at the SW corner of Curson Avenue and San Vicente, 5804 San Vicente is a beautifully charming 12 unit building that features all one-bedroom units and parking for 4 in the back and 6 in the front garage.
THE PROPERTY
Separately metered for gas and electric, this property boasts updated plumbing and electrical as well as all new Milgard windows installed with permits in 2020. Priced at $300,000 per unit and $366 per gross square foot, The San Vicente Apartments is an excellent multi-family investment opportunity. In addition to the solid fundamentals, the property offers a new owner over 40% in income upside potential.
THE LOCATION
This densely populated area is known for its dynamic business community, affluent residential population, and the abundance of museums and other cultural activities. The area is extremely pedestrian friendly with an abundance of restaurants, grocers, and high-end chain and boutique retail stores. The most recognizable retail destination in this area is The Grove, Southern California’s premier lifestyle, dining, and entertainment project.
LOCATION
