Contacts
Kidder Mathews
Property Details
- Property Type Multi-Family
- Property Size 3,704 SF
- Units 8
- Lot Size 0.08 Acre
- Zoning LACW
- Additional Rent Contact for pricing
- Year Built 1910
- Date Updated Jul 31, 2024
The classic, two-story property features a well-maintained
wood frame and stucco building with vintage, character
architecture. The property includes a mix of one-bedroom and
studio units. Six of the eight units have been fully remodeled and
are achieving strong rents. The other two units are well below the
current market rent and will allow for steady increases or a large
increase in income when those units vacate. As an investment,
the property is offered at an attractive going-in Cap Rate with
over 25% remaining upside The property was recently repainted with character accents
throughout. The common area floors and light fixtures were all
upgraded while preserving the character of the Property. The six
renovated units feature newer, modern flooring, new paint, fully
remodeled kitchens and bathrooms, and upgraded electrical.
The property also features a spacious upstairs, outdoor terrace
available to the tenants for their use. The property is separately
metered for gas and electric and master metered for water. There
are individual water heaters for each apartment, and there is also
coin-operated laundry on-site. There is no on-site parking so the
tenants utilize street parking.
316 N. Bixel is an incredible location perfectly centered between
Downtown Los Angeles, up-and-coming Historic Filipinotown,
trendy Echo Park and City West. Historic Filipino Town was
recently identified by Time Out as the 5th coolest neighborhood
in the world! Whether a tenant wants to go to Temple Seafood,
The Broad museum, Echo Park Lake, or Langer’s Deli, they are
all only a 5-minute drive! 316 Bixel is poised to take advantage
of the growing demand of this neighborhood and the strong
rent growth sure to follow.
Reach out to the broker for more info on lease terms and amenities
Getting around
-
86/100
Walk Score ®
-
73/100
Transit Score ®
-
43/100
Bike Score ®
Location
- City Los Angeles, CA
- Neighborhood Echo Park
- Zip Code 90026
- Market Los Angeles
Points of Interest
-
Grand Avenue Arts/Bunker Hill
0.65 miles
-
Civic Center/Grand Park
0.81 miles
-
Civic Center/Grand Park Station
0.81 miles
-
Olive Street
0.89 miles
-
Hill Street
0.93 miles
-
Historic Broadway
0.95 miles
-
Pershing Square
0.96 miles
-
7th Street/Metro Center
1.04 miles
-
7th Street/Metro Center Station
1.06 miles
-
Chinatown
1.09 miles
-
United Oil
0.81 miles
-
Shell
0.85 miles
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Chevron
0.87 miles
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Arco
0.89 miles
-
76
1.07 miles
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Electric Vehicle Charging Station
3.52 miles
-
Parking electrique
7.45 miles
-
FLO
7.65 miles
-
Tesla Supercharger
7.87 miles
-
ChargePoint
8.77 miles
-
Promenade Towers Parking Garage
0.43 miles
-
LADWP Employee Parking Only
0.52 miles
-
Dillingham lot
0.61 miles
-
Music Center Parking
0.62 miles
-
333 South Hope Parking Garage
0.75 miles
-
City National Plaza Parking Garage
0.80 miles
-
Wells Fargo Center Parking Garage
0.81 miles
-
Westin Bonaventure Hotel Parking Garage
0.82 miles
-
444 South Flower Parking Garage
0.82 miles
-
Aramark
8.65 miles
-
Knights Inn
0.17 miles
-
Knights Inn Los Angeles
0.17 miles
-
The L.A. Grand Hotel Downtown
0.63 miles
-
Super 8 by Wyndham Los Angeles Downtown
0.66 miles
-
Conrad Los Angeles Hotel
0.71 miles
-
Westin Bonaventure
0.78 miles
-
Omni Los Angeles Hotel
0.83 miles
-
Kawada Hotel
0.88 miles
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Hollywood Inn Express South
0.90 miles
-
Central Lake Hotel
0.91 miles
-
Bob's Market
0.29 miles
-
Target
0.73 miles
-
Grocery Outlet
0.81 miles
-
Ai Hoa Supermarket
0.93 miles
-
Food 4 Less
1.01 miles
-
FIGat7th
1.10 miles
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Vons
1.14 miles
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The Bloc
1.16 miles
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Macy's
1.17 miles
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Los Angeles Jewelry center
1.18 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Kidder Mathews
