Skip To Content

741 S Detroit Street

Los Angeles (City), CA 90036
  • $2,495,000
  • STATUS: Active Under Contract
  • ON SITE: 42 Days
  • ID#: 22159715
Under Contract
UPDATED: 48 min ago
$2,495,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Listing Agent(s): Saadia 'Sam' Liberow of Marcus & Millichap (818-212-2700)


Description

We are pleased to present 741 S. Detroit Street, a turnkey 4-unit apartment building located in a highly desirable residential neighborhood of Miracle Mile, Los Angeles. The property is comprised of 4,429 rentable square feet and consists of three (3) large one-bedroom/one-bathroom units and one (1) one-bedroom/one-bathroom + den unit. All units are considerably large with an average size of approximately 1,100 square feet and features in-unit laundry, most units have central A/C and heating, walk-in closets, high ceilings, and tons of light. The large units, in combination with the unique sought-after features that they offer, create a perfect opportunity for an investor or an owner user seeking to live on the premises. Besides for the 4 on grade parking spaces, this property also boasts 4 detached parking garages which can be delivered vacant upon the close of escrow giving an investor the opportunity to immediately add value and capture the upside potential. This is a true pride of ownership asset, as the current ownership has kept the property in immaculate condition all while persevering and maintaining the property's Historic and unique character. With a Walk Score of 95, the location not only provides residents ideal proximity to a myriad of entertainment venues, cultural destinations, and world-class dining but also happens to be nearby to a variety of new, high-quality developments in the works. Between Hackman Capital in the process of redeveloping the massive 25-acres CBS Television Studio lot, the Onni Group is currently working to reposition the one-million-square-feet Wilshire Courtyard business park, and the Metro Purple Line in the midst of a westward expansion running through Miracle Mile, the surrounding areas will surely benefit from the alterations in more ways than one. Given the property's prime Miracle Mile location and anticipated future developments in the area, 741 S. Detroit Street is an ideal investment for investors or owner-users seeking a pride of ownership property in one of the most sought-after neighborhoods in Los Angeles.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-07-03T16:28:21.533. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zen Ziejewski and Team | Keller Williams Realty. Licensed in the State of California, USA.
www.homefinderorangecounty.com/homes/128994381
Print Image

741 S Detroit Street Los Angeles (City), CA 90036

  • Price: $2,495,000
  • Status: Active Under Contract
  • On Site: 42 Days
  • Updated: 48 min ago
  • ID#: 22159715
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1924
Built
Neighborhood:
C19 - Beverly Center-Miracle Mile
County:
Los Angeles
Area:
C19 - Beverly Center-Miracle Mile
Property Description
We are pleased to present 741 S. Detroit Street, a turnkey 4-unit apartment building located in a highly desirable residential neighborhood of Miracle Mile, Los Angeles. The property is comprised of 4,429 rentable square feet and consists of three (3) large one-bedroom/one-bathroom units and one (1) one-bedroom/one-bathroom + den unit. All units are considerably large with an average size of approximately 1,100 square feet and features in-unit laundry, most units have central A/C and heating, walk-in closets, high ceilings, and tons of light. The large units, in combination with the unique sought-after features that they offer, create a perfect opportunity for an investor or an owner user seeking to live on the premises. Besides for the 4 on grade parking spaces, this property also boasts 4 detached parking garages which can be delivered vacant upon the close of escrow giving an investor the opportunity to immediately add value and capture the upside potential. This is a true pride of ownership asset, as the current ownership has kept the property in immaculate condition all while persevering and maintaining the property's Historic and unique character. With a Walk Score of 95, the location not only provides residents ideal proximity to a myriad of entertainment venues, cultural destinations, and world-class dining but also happens to be nearby to a variety of new, high-quality developments in the works. Between Hackman Capital in the process of redeveloping the massive 25-acres CBS Television Studio lot, the Onni Group is currently working to reposition the one-million-square-feet Wilshire Courtyard business park, and the Metro Purple Line in the midst of a westward expansion running through Miracle Mile, the surrounding areas will surely benefit from the alterations in more ways than one. Given the property's prime Miracle Mile location and anticipated future developments in the area, 741 S. Detroit Street is an ideal investment for investors or owner-users seeking a pride of ownership property in one of the most sought-after neighborhoods in Los Angeles.
Exterior Features

Parking Features Garage Parking Total 8

Interior Features

Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

Property Features

Association Fee 0 Garage YN Yes Gross Income 151740 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 102435 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning Lar4



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-07-03T16:28:21.533. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zen Ziejewski and Team | Keller Williams Realty. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_368948763-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_368948763-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_368948763-1.jpg
Logo
Zen Ziejewski and Team | Keller Williams Realty
27101 Puerta Real #150
Mission Viejo CA, 92691
Listing Agent(s): Saadia 'Sam' Liberow of Marcus & Millichap (818-212-2700)