Unique Duplex investment opportunity between Beverly & 3rd – on one of DTLA’s few remaining walking streets!
Unique Two Unit investment opportunity between Beverly & 3rd, on one of DTLA’s few remaining walking streets! The one up – one down duplex consists of 1,536 SF and is situated in a prime corner location in the 1920’s building. The interiors of the two, 1 Bedroom, 1 Bath apartments have good ceiling height, period architectural features, some of the original moldings, and a ton of potential! Each unit has a separate front and rear entrance, separate fenced courtyard space and only one attached wall with the neighbors. The duplex is currently 100% tenant occupied and the Seller will not delivered any units vacant. 249 & 251 Columbia Place is one of the lowest priced investment properties available in 90026 – presenting a great opportunity for investors! The Duplex is in an excellent location minutes from the new downtown core and all of the trendy restaurants, shops and attractions – where tenants can access Staples Center, Grand Park, The Broad, Grand Central Market, LA Live & More! The property is easily accessible by major freeways the 101 and 110 and public transportation including the Westlake/MacArthur Park Metrolink station – making getting around the city convenient – even during rush hour!
INVESTORS, many new housing development projects have been moving through the planning pipeline for the immediate area surrounding Columbia Place. These include a 31-Story mixed use with 640 apartments, an 8-Story complex with 47 modern studio apartments and the conversion of a 13-Story medical building into a 220 room hotel with additional new 41-Story apartment building behind it. This adaptive reuse of existing buildings, the rehab of multiple historic theaters and new mixed use developments will have a lasting impact on the neighborhood and potential market rents. 249 & 251 Columbia Place is one of the lowest priced investment property available in 90026 – presenting a great opportunity for investors to get early at an excellent price!
*All information provided to be deemed reliable but not guaranteed. Any buyer to complete all investigations into the property and/or matters that may affect the property independently and to their own satisfaction.