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$1,995,000

Beds
Unknown
sq ft
8,532

1416 W 10th Pl, Los Angeles, CA 90015

1416 W 10th Pl

Los Angeles, CA 90015

  • 2 days on market
THE SUBJECT PROPERTY IS BEING SOLD ALONG WITH THE ADJACENT PROPERTIES, 1422-1426 WEST 10TH PLACE. WHILE THE PROPERTIES MAY BE PURCHASED INDIVIDUALLY OR TOGETHER, A COMBINED SALE IS STRONGLY PREFERRED. We are pleased to offer for sale a 20-unit apartment community located at 1416 West 10th Place. The subject property is located west of the 110 Freeway and south of Olympic Boulevard. The subject property is comprised of all studio units and has 39% remaining rental upside through unit renovations. 1416 West 10th Place presents investors the opportunity to acquire an asset with an attractive basis, and strong value-add component. New ownership will have the opportunity to capitalize on the westward expansion and revitalization of the Downtown sub-market. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.

Details

Property type

Est. home value

$2,611,764

Lot size

5,530 sq ft

Price per sq ft

$234

Year built

1925

HOA

No

Price History

02/10/2025
CLAW

CLAW #25501493

Listed
$1,995,000

Schools & Community

Neighborhood: 

Pico-Union

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Frontera Capital Llc

Loan start date

January 2015

Original loan amount

$450,000

Est. remaining balance

Not provided

Interest rate

3.99%

Loan type

Commercial

Seller

Mayan Ganem Investment Llc

Lender

Frank Mchugh Etal

Loan start date

October 2008

Original loan amount

$960,000

Est. remaining balance

Not provided

Interest rate

6.35%

Loan type

Seller take-back

Seller

Mayan Ganem Investment Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/23/2025 at 6:30 AM

Listing updated: 02/21/2025 at 11:15 AM

Listed by: Sean Rosenzweig, Marcus & Millichap Phone #: (310) 909-5500

MLS: CLAW #25501493

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