This value-add opportunity consists of 17 residential units and 3 ground-floor retail spaces, offering a diverse income stream in an area with strong rental demand. The residential units provide a balanced mix of studios, one-bedrooms, and a bachelor unit, while the retail spaces benefit from high foot traffic and strong visibility on a major commercial corridor. Two separate parcels so no onsite management is needed. Positioned in Arlington Heights, a historic and evolving neighborhood, the property is surrounded by retail shops, restaurants, entertainment venues, and art galleries. Its strategic location, coupled with proximity to major transit routes and employment hubs, ensures consistent tenant demand and long-term rental stability. For investors, 2360 W Washington Blvd presents an immediate opportunity to enhance returns, with current rents operating 26% below market levels. By optimizing lease structures and implementing value-add strategies, investors can increase NOI from $250,189.66 to $324,247.68, achieving a potential cap rate of 9.68%. With a competitive price per square foot this property offers both strong cash flow and long-term appreciation potential in one of Los Angeles’ most supply-constrained submarkets.
Property Details
Price:
$3,350,000
MLS #:
25501903
Status:
Active
Baths:
0
Type:
Residential Income
Neighborhood:
c16midlosangeles
Listed Date:
Feb 22, 2025
Lot Size:
7,510 sqft / 0.17 acres (approx)
Year Built:
1929
See this Listing
Schools
Interior
Cooling
None
Heating
None
Exterior
Parking Features
None
Parking Spots
0.00
Financial
Map
Community
- Address2360 W Washington Boulevard Los Angeles CA
- NeighborhoodC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90018
Subdivisions in Los Angeles
- 1788
- 6525 La Mirada
- 6790
- Adams-Normandie
- Angeleno Heights
- ARLINGTON HEIGHTS TERRACE SUBDIVISION NO. 1
- Athens Subdivision
- Avalon Gardens
- Baldwin Hills
- Beachwood Canyon Estates
- Bel Air Crest
- Bel Air Park
- Brentwood Country Estates
- Bronson Homes
- Crestwood Hills
- Ela Hills Tr
- Gramercy Park
- Harvard Heights
- Higgins Building
- Highland Park Extension
- Kentwood
- LA PALOMA ADD
- LaBrea Vista
- Lake Hollywood Estates
- Las Collinas Heights
- LE MOYNE TERRACES TRACT NO. 2
- Metropolis Prop
- Metropolis Tower 1
- Mid-City Heights
- Montecito Heights
- MountainGate Country Club / The Ridge
- Mulholland Corridor
- Nelavida
- Not Applicable – 1007242
- Not Applicable-105
- Other – 0011
- OTHR
- Pickford 4
- Rampart Heights
- Sunset Terrace
- Tapestry
- The Los Feliz Oaks Neighborhood
- The Ritz Carlton Residences Los Angeles
- TRACT #8330 LOT 59
- Tract No 3643 / Hollywood Hills East
- TRACT NO. 9741
- University Heights
- W Hollywood Residences
- West Adams
- West Hollywood West
- Wisendanger\’s Prospect Park Addition
Market Summary
Current real estate data for Residential Income in Los Angeles as of Oct 23, 2025
1,650
Residential Income Listed
212
Avg DOM
$1,943,637
Avg List Price
Property Summary
- 2360 W Washington Boulevard Los Angeles CA is a Residential Income for sale in Los Angeles, CA, 90018. It is listed for $3,350,000
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