2713 Darwin Ave

For Sale

2713 Darwin Ave, Los Angeles, CA 90031

This Los Angeles property for sale is located at 2713 Darwin Ave. The current listed sale price for 2713 Darwin Ave is $849,000. 2713 Darwin Ave is situated on a lot that is 0.17 acre in size.

Contacts

broker

Edan Shalom

Centennial Advisers

(213) 261-4944

Property Details

  • Property Type Multi-Family
  • Property Size 2,967 SF
  • Units 4
  • Lot Size 0.17 Acre
  • Year Built 1913
  • Date Updated Jan 30, 2024
2713 Darwin Street is a 2967 SF 2 storied building situated on a large 7407 SF lot providing plenty of space to plan for additional amenities for tenants, to maximize rents, or for further development to build additional units. This rare investment opportunity in historic Lincoln Heights neighborhood is centrally located to downtown Los Angeles, Dodger Stadium, Lincoln Park, USC Medical Centre, LA State Historic park. Less than a mile to Lincoln High School, Los Angeles Leadership Academy, Griffin elementary school. Also provides easy access to 110, 5 and 10 Freeways.Builder's Dream! 2713 Darwin Street is a 2,697 square foot, two-story asset situated on a 7,407 square foot lot. The offering includes approved plans for an additional 3 ADUs, one 3-bedroom 2 bath, and two 1 bedroom 1 bath units. There is plenty of space for parking each unit as well as other amenities such as BBQ area or dog run. This rare investment opportunity in the historic Lincoln Heights neighborhood is centrally located to Downtown Los Angeles, Dodger Stadium, Lincoln Park, USC Medical Center, and LA State Historic Park. It is less than one mile to Lincoln High School, LA Leadership Academy, and Griffin Elementary School. Tenants enjoy easy access to the 110 and 10 freeways as well as I5. An investor or builder will benefit from a stabilized income producing asset that upon completion of the three ADUs will operate at close to a 7% CAP and with the possibility of over a 8% CAP rate by exercising a "cash-for-keys" strategy to completely renovate the existing 4 units to market rate.

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Highlights

  • 4 existing large 1-bedroom units
  • 3 ADUs with approved plans RTI
  • Stabilized 6.6% CAP upon completion of ADUs
  • Opportunity to achieve 8.12% CAP at market

Getting around

  • 84/100

    Walk Score ®

  • 61/100

    Transit Score ®

  • 67/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Los Angeles, CA
  • Neighborhood Lincoln Heights
  • Zip Code 90031
  • Market Los Angeles

Points of Interest

  • Lincoln/Cypress

    0.98 miles

  • Chinatown Station

    1.30 miles

  • Chinatown

    1.30 miles

  • Heritage Square

    1.33 miles

  • Los Angeles Union Station

    1.44 miles

  • Mariachi Plaza

    1.44 miles

  • Mariachi Plaza Metro Station Entrance

    1.45 miles

  • Union Station

    1.46 miles

  • Pico/Aliso

    1.57 miles

  • Soto Station

    1.69 miles

  • C & J

    0.15 miles

  • USA Gasoline

    0.43 miles

  • Arco

    0.44 miles

  • 76

    0.51 miles

  • Valero

    0.51 miles

  • Shell

    0.53 miles

  • Chevron

    1.02 miles

  • 76

    1.19 miles

  • Andy's Gas Station

    1.20 miles

  • USA Gasoline

    1.23 miles

  • Metro Park and Ride

    1.00 miles

  • Division 13 Bus Operations and Maintenance Facility

    1.21 miles

  • Bamboo Plaza Parking Lot

    1.32 miles

  • Metro Park and Ride

    1.33 miles

  • Union Station East Parking Garage

    1.38 miles

  • Union Station Visitor Lot D

    1.46 miles

  • El Pueblo Lot 3

    1.52 miles

  • Union Station Visitor Lot B

    1.53 miles

  • El Pueblo Lot 2

    1.62 miles

  • El Pueblo Lot 4

    1.66 miles

  • The Royal Pagoda

    1.30 miles

  • Best Western Plus Dragon Gate Inn

    1.48 miles

  • Metro Plaza Hotel

    1.53 miles

  • The PodShare - Downtown Los Angeles Location

    1.78 miles

  • New Daimaru Hotel

    1.94 miles

  • Little Tokyo Hotel

    1.94 miles

  • Miyako Hotel

    1.98 miles

  • DoubleTree by Hilton Hotel Los Angeles Downtown

    2.04 miles

  • Super 8 by Wyndham Los Angeles Downtown

    2.16 miles

  • Kawada Hotel

    2.21 miles

  • Smart & Final

    0.56 miles

  • Ai Hoa Supermarket

    1.46 miles

  • Rodriguez Market

    1.76 miles

  • Sara's Market

    1.77 miles

  • Peñaloza Market

    1.81 miles

  • Little Tokyo Mall

    2.01 miles

  • Dollar Store

    2.02 miles

  • Marukai Market

    2.03 miles

  • Superior Grocers

    2.03 miles

  • Little Tokyo Market Place

    2.15 miles

In-Depth Research Available for this Property

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.

Contact Listing Broker

broker

Edan Shalom

Centennial Advisers

(213) 261-4944