208 W 14Th Street

  • Los Angeles

  • $8,200,000
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Residential Income Details

Description
The Casa Loma, is a 60-unit apartment community/hotel in the rapidly developing South Park district of Downtown Los Angeles. Blocks away from AEG's $1.2-billion expansion at L.A. Live, the Casa Loma is also directly adjacent to two large mixed-use developments, including Jade Enterprises' .67 acre "Emerald" project. Not featured on the market in nearly 20 years, the Property, constructed in 1921, consists of 60 units above four retail stores. All the units are currently operating as rent-controlled apartments. The original Certificate of Occupancy specifies that the building is a "4 Story, Class C, 65 rooms, Hotel and Stores." Buyer retains the option to either continue to operate the building as a rent-controlled apartment with significant upside or investigate the possibility of returning the property to its original usage. The Property is master-metered for both gas and electric. Major systems upgrades include a newly-installed elevator, copper plumbing, and updated electric.
Essential
MLS #18390868
Price$8,200,000
Number of Units60
Sale TypeStandard
StatusActive
Listing BrokerageColdwell Banker Residential Br
Listing AgentZachary Freehling
Listing Agent BRE #01879326
Interior
Exterior
ParkingUncovered
Community
AreaC42 - Downtown L.A.
Address208 W 14Th Street
CityLos Angeles
CountyLos Angeles
StateCA
ZipCode90015
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Saturday, October 6, 2018. 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.