2195 Whittier Blvd, Los Angeles, CA 90023
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2195 Whittier Blvd Los Angeles, CA 90023

$4,995,000
  • 9 Beds
  • 16 Baths
  • 15,244 Sq.Ft.
For Sale
$4,995,000 Get Pre-Qualified

Map preview of 2195 Whittier Blvd, Los Angeles, CA 90023

Property Overview: 2195 Whittier Blvd Los Angeles, CA has 9 bedrooms, 16 bathrooms, 15,244 living square feet and 6,267 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are proud to present The Lofts, an amazing mixed-use multifamily opportunity located at 2195 Whittier Blvd in Los Angeles, California. This unique mixed-use opportunity comprised of (16) apartment units above (5) retail stores fronts in one distinct two-story building inspired by the famous Flatiron Building in New York City. The building was constructed in 1916 of reinforced brick and concrete and highly renovated in 2020 and, now this architectural building encompasses an impressive ±15,244 building square feet situated on one parcel totaling ±6,267 square feet offering a zoning of LAC2. The apartment units are currently master metered for utilities which provides an opportunity for a savvy investor to implement a RUBS program to offset operating costs. The highly updated units are impressive and the open floor plans resemble that of a swanky New York flat. The Lofts offer a diverse unit mix consisting of (7) loft-style studio + One-Bath Units & (9) One-Bedroom + One-Bath Units. Many of the units have been highly renovated, offering exposed brick walls, newly installed picture windows with, drenching the units with natural light while providing views of the Downtown LA skyline and famous 6th St Bridge. From the fully remodeled kitchens and baths to the recessed lights and sliding barn doors, no corner was left untouched and the attention to detail is unmatched, creating a waiting list of prospective tenants. Though a lot of the heavy lifting has been completed, the property still offers immense room for growth through further capital improvements, restructuring of the retails leases and pushing unit rents to market. (7) Studio + One-Bath (9) One-Bedroom + One-Bath (5) Retail Store-Fronts The Arts District is known for its unique blend of industrial architecture and contemporary living spaces. Loft-style apartments, converted warehouses, and modern high-rise buildings offer residents a mix of urban chic and industrial charm. Many residential developments in the neighborhood feature amenities such as rooftop decks, fitness centers, and communal gathering spaces. The Arts District's central location and proximity to Downtown LA make it an attractive choice for young professionals, artists, and urban dwellers seeking a dynamic and vibrant urban lifestyle. In summary, the Arts District in Los Angeles is a thriving and dynamic neighborhood that celebrates creativity, culture, and community.

Listed by Raymond Rodriguez | BRE #01402283 | Equity Union
Last checked: 13 minutes ago | Last updated: April 23rd, 2024 | Source CRMLS | DOM: 12
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Home details

Lot Sq. Ft
6,267
HOA Dues
$0/mo
Year built
1914
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
SR24080652
City
Los Angeles
County
Los Angeles
Time on Site
13 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 21
  • Total # of Buildings: 1
  • # of Electric Meters: 0
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 7
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,585
  • Total Rent: $11,095
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 2
  • # of Units: 9
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,763
  • Total Rent: $15,863
  • Pro Forma/Market Rent: $2,095
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,983
  • Total Rent: $5,950
  • Pro Forma/Market Rent: $2,475
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,750
  • Total Rent: $2,750
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,500
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $4,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.79%
  • Gross Rent Multiplier: 10.38
  • Gross Scheduled Income: $481,298
  • Net Operating Income: $289,327
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $177,532
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

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Property Details for 2195 Whittier Blvd

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: Three Or More
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: Street
Lot Information
  • Lot Features: 21-25 Units/Acre
  • Lot Size Source: Public Records
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 21
  • Parcel Number: 5183022021
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: 2195 Whittier Blvd., Los Angeles, CA 90023
Neighborhood Information
  • Community Features: Lake, Park
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Sale History for 2195 Whittier Blvd

Last sold on June 6th, 2019
  • April, 2024

  • Apr 22, 2024

    Date

    Active

    CRMLS: SR24080652

    $4,995,000

    Price

  • June, 2019

  • Jun 6, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2017

  • Jan 31, 2017

    Date

    Sold (Public Records)

    Public Records

    $3,597,500

    Price

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Tax History for 2195 Whittier Blvd

Assessed Value (2020): $3,817,693
Year Land Value Improved Value Assessed Value
2020 $1,000,718 $2,816,975 $3,817,693

Home Value Compared to the Market

This property vs the competition

2195 Whittier Blvd is listed 304.45% higher than the median list price for the city of Los Angeles which has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $327.67 per/sqft which puts the price per square foot 57.67% lower than the median price per square foot for the city of Los Angeles.

About 2195 Whittier Blvd

Detailed summary of property

2195 Whittier Blvd is a mixed use located in Los Angeles, CA 90023 and is currently for sale. This mixed use property offers 9 bedrooms, 16 bathrooms, roughly 15,244 living square feet, and sits on an approximately 6,267 square foot lot. 2195 Whittier Blvd was first listed on ArdentRealEstateGroup.com on April 23, 2024. The homeowner is currently asking $4,995,000. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 304.45% higher than the median priced home. Local competing homes currently for sale include 1108 Termino Ave, 338 Cedar Ave and 4117 E 7th St. While the average home in Los Angeles, CA is selling in 94 days, 2195 Whittier Blvd has a days on market of 12 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 2195 Whittier Blvd Los Angeles, CA 90023 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2195 Whittier Blvd

Public county record property details
Beds
--
Baths
--
Year built
1914
Sq. Ft.
15,244
Lot Size
6,266
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
36,37
APN
5183-022-021

The source for these homes facts are from public records.

90023 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$599,999
Median List Price/Sq.Ft.
$679
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$448
Total Inventory
20
Median Sale to List Price %
99.25%
Avg Days on Market
6
Loan Type
Conventional (0%), FHA (60%), VA (0%), Cash (20%), Other (0%)

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Related Resources to 2195 Whittier Blvd

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.