2056 West Century Boulevard
$19,000,000
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Description
Century Group Apartments is a 68-unit multifamily investment property located in Los Angeles, CA. Century Group Apartments benefits from its close proximity to several key Los Angeles developments and economic hubs. The property is just over 1 mile from the recently completed SoFi Stadium, a 70,240 seat sports and entertainment center that acts as a cultural and economic hub for the city. Additionally, Century Group Apartments is within 1.50 miles of Intuit Dome, a 17,700+ seat indoor arena that...Century Group Apartments is a 68-unit multifamily investment property located in Los Angeles, CA. Century Group Apartments benefits from its close proximity to several key Los Angeles developments and economic hubs. The property is just over 1 mile from the recently completed SoFi Stadium, a 70,240 seat sports and entertainment center that acts as a cultural and economic hub for the city. Additionally, Century Group Apartments is within 1.50 miles of Intuit Dome, a 17,700+ seat indoor arena that recently opened in August of 2024. Furthermore, the property is just over 3.50 miles from Los Angeles International Airport, the largest international airport on the west coast and the 8th busiest airport in the world in 2023 (according to Airports Council International rankings). Finally, residents benefit from the propertys close proximity to an abundance of major retail centers located on Century Boulevard, with major retailers including Target, Costco, Aldi, Home Depot, and more. Situated on 3 adjacent parcels measuring a combined 3 acres, Century Group Apartments offers an attractive mix of one and two-bedroom floor plans. Current ownership has invested significant capital into upkeep and improvements at the property including fresh exterior paint, building and carport roofs, porticos, light fixtures, mailboxes, asphalt, tankless water heaters in laundry rooms, and more. Residents benefit from the propertys desirable amenities including gated pedestrian access, spacious professionally landscaped common areas, ample covered and surface parking, and three on-site laundry facilities. With an abundance of major developments in close proximity, strong rental demographics, and low in-place rents, Century Group Apartments represents a unique value-add opportunity. Through a comprehensive unit renovation plan, new ownership could achieve significant rental premiums on renovated units, substantially increasing rental income. Additionally, Century Group Apartments spacious parcels provide unique opportunities for new ownership to increase total unit count and rental income through the development of accessory dwelling units (ADUs).
- Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest
Property Details for 2056 West Century Boulevard
City Postal ID
LOS ANGELES (90047)
LISTING UPDATED: 09/26/2024 09:26 AM
Property Details for 2056 West Century Boulevard
Status | Active |
---|---|
MLS # | OC24146738 |
Days on Market | 155 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 2-4 Units |
Year Built | - |
Lot Size | 3.00 AC / 130,680 SF |
County | Los Angeles County |
Building Information for 2056 West Century Boulevard
Stories2Residences-Year Built-Building Size-Lot Size3.00 AC / 130,680 SF
Property Information for 2056 West Century Boulevard
Property History for 2056 West Century Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2056 West Century Boulevard
Taxable ValueLand$2,569,094Additions$642,269Total$3,211,363
Tax Record2024$50,970 ($4,248 / month)
Home Facts
Total Finished SqFt21,144 SqFtAbove Grade Finished SqFt21,144 SqFtLot Size43,702 SqFtStyleMulti-Family Res (5+ Units)Year Built1948ZoningLCR3YYCountyLOS ANGELESAPN6058-001-023
Schools near 2056 West Century Boulevard
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Charter - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Manhattan Place Elementary School PublicK to 5 | ||
Animo Charter Middle No. 3 Charter6 to 8 | ||
George Washington Preparatory High School Public9 to 12 | ||
Teach Tech Charter High Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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