Exclusive Listings

316 N Bixel Ave

Address:
316 N Bixel
Los Angeles , CA 90026
Price:
$1,800,000
Status:
Available
Type:
Apartment
# Units:
8
Year Built:
1910
Building Size:
3,704 sqft
Lot Size:
3,276 sqft
CAP Rate:
4.35%
GRM:
15.29x
Price/Unit:
$225,000
Price/SqFt:
$486

Investment Highlights

  • Prime location within minutes to Downtown Los Angeles and the Staples Center
  • Rapidly gentrifying area where many large projects are in the pipeline
  • Adjacent to Echo Park and Silver Lake locations; Close to 101, 10 and 110 Freeway
  • VERY HIGH Walk Score of 92 out of 100- many errands can be accomplished by foot
  • Very easy to Manage
  • This building will be a magnet for artists and hipsters in years to come
  • The property is enhanced with Art Deco original tiles and freshly painted interior and exterior, which truly brings out its vintage charm
  • The hallway boasts natural lighting from a sky light
  • Newly installed washer and dryer units
  • Some units have been upgraded with a creative brick facade, new floors and brand new granite countertops and cabinets
  • Brand new appliances installed including ovens and fridges
  • Individually metered for electricity and gas; Recent capital improvements include iron fencing, security cameras, electrical and plumbing updates, new flooring, and roofing seal
  • Individually metered for electricity and gas
  • Up to three Units may be delivered vacant (ask for more details)
  • Property values will continue to rise in this location!


The Growth Investment Group is proud to present 316 N Bixel Street- a timeless, exceptionally located 8-unit multifamily apartment. The property is Downtown Los Angeles adjacent, only 1.5 Miles to Disney Concert Hall and within close proximity to the Staples Center. It is located within the Westlake area of Los Angeles, just south of Echo Park and Silver Lake and east of Koreatown. This area has massive upside and major retail and residential developments are already in progress.

This city has spent millions of dollars on a recent project a few blocks away from the subject property; including Vista Hermosa Park- a 10 acre park developed by the Santa Monica Conservancy with views of Downtown Los Angeles- another micro park, and a year round Aquatic center.

This trophy property is a classic 1910s building that any artist would love to call their home. It has been recently upgraded, but still maintains its charming character. Several units have been tastefully upgraded with brand new tiles, granite counter tops, brick façade on the walls, double pane windows and window treatments. Newly installed appliances include stainless steel appliances and a new refrigerator. Each unit is separately metered for electricity and gas, has individual water heaters, windows A/C, and dual pane windows throughout. Recent capital improvements include iron fencing, security cameras, electrical and plumbing updates, new flooring, and roofing seal.

1,500 luxury and retail units are being developed on over 9 acres a few blocks away that will completely change the area right on Temple and Baudry. The area has an additional 500 units that are almost finished a few blocks away. Several properties are already getting high rents close by- clearly this is the new Downtown West! This property has a high Walk Score of 92 out of 100. It is close to public transportation and walking distance to hundreds of restaurants and attractions with many more on the way.


Due Diligence


Broker Contact

Marc Schwartz
Direct: 213.362.8500
marcschwartz@growthinvestmentgroup.com

Thank you for your time and interest. The information you are attempting to access requires a one-time registration before you can proceed. Your email address will allow you to log in any time.
Please log in or begin registration by providing your email address.


Office:
999 S. San Gabriel Blvd.
San Gabriel, CA 91776
Phone: 626.594.4901
Fax: 626.316.7552
Email: properties@GrowthInvestmentGroup.com
Copyright © 2017 GIG Real Estate, Inc. dba. Growth Investment Group
Visit us on social media websites