Listing provided courtesy of Sean Rosenzweig of Marcus & Millichap. Last updated 2021-04-16 08:10:55.000000. Listing information © 2021 CRMLS.
Asking Price: $1,995,000
3400 Somerset, Los Angeles CA 90016
Community: PHHT - Park Hills Heights
This property was built in 1930 and is priced at $1,995,000. Please see the additional details below.
- 0 Sq Ft
- 0 bathrooms
- 0 bedrooms
- MLS#: 365377553
- Year Built: 1930
I am pleased to offer for sale an eight-unit apartment community located at 3400 Somerset Drive. The property consists of one 5,760 square foot building situated on a6,250 square foot parcel. The unit mix is comprised of six one-bedrooms and two two-bedroom units. There are six garage spaces at the rear of the building for parking. West Adams sits in an opportunity zone, making it highly attractive to investors. Developers like CIM Group, 4D Developments and Redcar Properties all have projects under way in this neighborhood. The future of West Adams is drawing comparisons to Abbot Kinney and Highland Park which allows a new investor to benefit from future rent growth and appreciation potential.