1683 S Longwood, Los Angeles, CA 90019

$2,750,000

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List Price
$2,750,000
Status
ACTIVE UNDER CONTRACT
MLS#
SR26115301
Year Built
1964
Lot Size
11,325
Acres
0.26
Days on Market
63
Property Type
Multifamily
Property Sub Type
Apartment
Stories
Three Or More Levels

Property Description

Longwood Terrace Apartments is a 14-unit multifamily property located at 1683 S. Longwood Avenue in the Mid-City / Mid-Wilshire adjacent area of Los Angeles. Originally constructed in approximately 1964, the property consists of approximately thirteen two-bedroom / one-bath units and one one-bedroom / one-bath unit, offering a functional unit mix within a centrally located Los Angeles rental market. The property contains approximately 10,501 square feet of building area situated on an approximately 11,325 square foot LARD 1.5-zoned lot. Longwood Terrace Apartments features approximately 27 parking spaces, providing a notable parking ratio for a property of this size within a dense urban setting. The property also includes a laundry facility for resident convenience. The building layout, unit mix, and parking configuration support a practical residential offering within an established Los Angeles neighborhood. The predominance of two-bedroom units provides larger floor plans that may appeal to a broad range of renters seeking additional space in a central location. The property’s scale, lot size, zoning, and residential configuration further contribute to its long-term ownership profile. Located near key Los Angeles business and lifestyle centers, Longwood Terrace Apartments offers proximity to Downtown Los Angeles, Culver City, Koreatown, Beverly Hills, West Hollywood, Century City, Miracle Mile, and the greater Westside. Nearby streets include Pico Boulevard, Olympic Boulevard, La Brea Avenue, Venice Boulevard, and the I-10 Freeway, providing convenient regional connections throughout Central Los Angeles and surrounding areas. The surrounding Mid-City and Picfair Village neighborhoods feature a mix of restaurants, cafes, neighborhood-serving retail, creative office uses, schools, transit options, and local amenities. The area is known for its central location, neighborhood character, and proximity to established commercial districts throughout Los Angeles. Longwood Terrace Apartments is positioned within an established multifamily rental area where centrally located housing remains important to residents seeking proximity to services, neighborhood amenities, and regional destinations. The property combines scale, a desirable unit mix, parking, laundry amenities, and a central Los Angeles location within a mature residential setting.

Additional Information

Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
14
Gross Scheduled Income
$277,584
Operating Expense
107165

Listing courtesy of Listing Agent: Raymond Rodriguez (info@lucrumre.com) from Listing Office: Equity Union.

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.