2260-2262 W 15th Street

Marcus and Millichap is pleased to present a 28-bedroom co-living multifamily investment opportunity at 2260-2262 West 15th Street in Los Angeles, California. The property is located just south of Pico Boulevard and east of Vermont Avenue. This fully vacant new construction property was completed in 2022and is located in Pico Union adjacent to Koreatown and Downtown Los Angeles. Each bedroom has its own on-suite bathroom with a community kitchen and amenities. The property is split between two duplexes consisting of seven bedroom and seven bathrooms in each unit. An investor can rent each unit individually or master lease to a low-income housing group. The property is also non rent controlled and has eight parking spaces. Some of the parking is garage parking that could be an easy ADU opportunity. 260 – 2262 West 15th Street is an ideal co-living investment that would get a new investor to a pro forma 7.84 percent cap rate after lease up.