Description

This exceptional 23-unit apartment complex presents a prime investment opportunity with significant upside potential. Ideal for a portfolio hold or future redevelopment, the offering consists of two separate properties with four separate buildings, located at 2660 & 2664 Randolph Street, and is being sold as a portfolio sale.Per city information, there may be an opportunity to convert the bottom-level garages into four (4) additional ADUs, as well as the potential to negotiate cash-for-keys with existing tenants, creating further value-add possibilities. The property benefits from a strategic, high-visibility location, ensuring strong demand and the potential for consistent cash flow and attractive returns. Sixteen (16) units include private car garages, in addition to open parking spaces.Conveniently located within walking distance to shopping, parks, schools, and bus stations, the property sits near Pacific Boulevard, a vibrant commercial corridor well known throughout the Los Angeles area. Pacific Boulevard is widely recognized as a hub for Latino culture, commerce, and nightlife—a true destination for shopping, dining, and community activity.