CALL FOR OFFERS - SUBMIT ALL OFFERS ON OR BEFORE FEBRUARY 6TH AT 5 PM

Property Highlights

  • CALL FOR OFFERS -SUBMIT ALL OFFERS ON OR BEFORE FEBRUARY 6TH AT 5 PM
  • Excellent Koreatown Location-91 Walk Score & Qualified Opportunity Zone
  • Situated Adjacent to New Construction and Close to Vermont & Wilshire
  • Great Amenities-Elevator, Grand Lobby, Secured Entrances
  • Extremely Low Rents-Excellent Long Term Rental Upside
  • Gorgeous Architecture with Ornate Moldings and Columns

Property Description

Call for Offers - Submit All Offers On or Before February 6th at 5 PM

 

The Leeward Apartments is, per the certificate of occupancy, a 48 unit apartment building that is currently operating as 46 units and situated in the Koreatown area of Los Angeles. The property is situated in a rapidly gentrifying location steps from Wilshire Boulevard. Boasting a walk score of 91 and situated in a Designated Qualified Opportunity Zone, the property is within a two block walking distance of the Wilshire Vermont Metro Station, Wilshire Boulevard and Vermont Avenue, Southwestern Law School and numerous retail, dining and entertainment opportunities as well as high rise office buildings. The property contains a grand lobby as well as central hallways running down each of the four stories of the reinforced brick structure. An elevator as well as two staircases service the property. The certificate of occupancy from 1927 states that the property is a 48 unit apartment house although the property is currently operated as 46 units. 4 of the units, consisting of two efficiencies and the adjacent two studios, were combined to create two apartments that are both one-bedrooms (one is occupied by the on-site manager) and the property is currently operating as a 46 unit apartment building with 2 units being one-bedrooms with one-bathroom, 7 units efficiencies with a bathroom but no kitchen, and 37 studios with one-bathroom and a kitchen. The property is individually metered for electricity but master-metered for gas and water. The basement is stubbed for individual gas meters. Although there is no on-site parking, the property is within two-blocks of the Metro (subway) station and multiple bus routes on Wilshire and Vermont. In addition, there are several parking lots in close proximity and a new owner could make future arrangements to provide parking. Please note that the property is situated in a high tar zone and a methane buffer zone.

Building Amenities:

  • Secured Entrances
  • Elevator
  • Central Hallways
  • Grand Lobby

Location Description

Maps / Aerial

Contact Us To Learn More

Brent Sprenkle

Senior Managing Director

phone: 310.470.4892

email: brent.sprenkle@berkadia.com

CA BRE License #01290116

Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan banking and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc.

In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker Lic. #01931050, Berkadia Commercial Mortgage LLC under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116.  For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing.aspx

South Bay Los Angeles Office

2321 Rosecrans Avenue, Suite 3235

El Segundo, California 90245 // T. 310.470-4892

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