2939 Brighton Ave, Los Angeles, CA 90018

2939 Brighton Ave, Los Angeles, CA 90018

Los Angeles, CA

Property Description

We are pleased to present 2939 Brighton Ave in the trendy West Adams submarket of Los Angeles just south of Adams and west of Normandie Ave. 2939 Brighton Ave is a charming 7 unit offering, with 2 units in the front building and 5 bungalow units in the rear of the property. 2 units will be delivered vacant at the close of escrow. The subject property is located on one of the more highly desirable streets in the West Adams area on a block consisting of mostly single family homes offering a quiet reprise in the middle of Los Angeles. The property features an excellent unit mix consisting of (4) 1 Bed / 1 Bath, (2) Studio / 1 Bath, and (1) 2 Bed / 2 Bath / Den units on a large 7,100 square foot lot. An investor will benefit from 2 vacancies in the building, which will allow them to capture top of the market rents with tenants being drawn to the recent influx of trendy new restaurants, cafes, and businesses along Adams. Contact listing agents for an offering memorandum.

Property Features

  • Sale Price: $1,580,000
  • Area Size: 5,316 Sq Ft
  • Year Built: 1905
  • Listing Date: 03/25/2024
  • Units: 7
  • Current GRM: 12.04
  • Current Cap Rate: 5.83

Lyon Stahl Investment Real Estate

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